Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.42% | +0.23 | 2.20% |
| Return on Equity (%) | ▼ | 15.24% | -0.39 | 15.63% |
| Net Interest Margin (%) | ▲ | 2.57% | +0.10 | 2.47% |
| Efficiency Ratio (%) | ▲ | 62.65% | -3.36 | 66.00% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.83 | $5 |
| Cost of Funds (%) | ▲ | 2.37% | -0.30 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $723 | -27.51 | $750 |
| Gross Loans ($M) | ▼ | $275 | -1.93 | $277 |
| Loan Growth YoY (%) | ▲ | 46.06% | +2.86 | 43.20% |
| Total Deposits ($M) | ▼ | $592 | -43.42 | $635 |
| Shareholders Equity ($M) | ▲ | $124 | +15.97 | $108 |
| Tang. Book Value ($M) | ▲ | $113 | +16.56 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +14.49 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 46.06% | +2.86 | 43.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.00% | -0.03% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.32% | +4.20 | 20.12% |
Noninterest income ($12.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▄▃▄▅█ | Net Interest Margin (%) | 2.39% | 2.39% | 2.50% | 2.47% | 2.45% | 2.46% | 2.50% | 2.57% |
| ▃▅▁▃▄▂▇█ | Return on Assets (%) | 2.19% | 2.28% | 2.08% | 2.20% | 2.21% | 2.14% | 2.36% | 2.42% |
| ▃▂█▅▄▅▂▁ | Efficiency Ratio (%) | 64.5% | 63.5% | 68.0% | 66.0% | 65.2% | 65.8% | 63.7% | 62.6% |
| █▄▄▅▇▃▁▂ | Cost of Funds (%) | 3.14% | 2.53% | 2.63% | 2.67% | 2.95% | 2.48% | 2.15% | 2.37% |
| ▃▄▃▄▃█▁▃ | NPA / Assets (%) | 0.01% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% |
| ▂▄▃▄▃█▁▂ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.04% | 0.04% | 0.04% | 0.06% | 0.03% | 0.04% |
| ▃▁▂▃▅▆▇█ | Tang. Book Value ($M) | $94 | $87 | $91 | $96 | $101 | $104 | $108 | $113 |
| ▁▄▂▅▄▇█▅ | Gross Loans ($M) | $261 | $273 | $267 | $277 | $273 | $284 | $288 | $275 |
| ▁▅▆▇▅▆█▄ | Total Deposits ($M) | $531 | $616 | $623 | $635 | $613 | $617 | $667 | $592 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 1% |
| Consumer | 14% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 99% |