Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.13 | 1.04% |
| Return on Equity (%) | ▲ | 11.54% | +1.72 | 9.82% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.36 | 3.97% |
| Efficiency Ratio (%) | ▲ | 62.77% | -3.63 | 66.39% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 0.81% | -0.09 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $566 | +13.16 | $553 |
| Gross Loans ($M) | ▲ | $402 | +20.08 | $382 |
| Loan Growth YoY (%) | ▲ | 78.44% | +1.85 | 76.59% |
| Total Deposits ($M) | ▲ | $505 | +13.91 | $491 |
| Shareholders Equity ($M) | ▼ | $56 | -1.27 | $57 |
| Tang. Book Value ($M) | ▼ | $55 | -1.21 | $56 |
| TBV excl. AOCI ($M)** | ▼ | $58 | -1.08 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 78.44% | +1.85 | 76.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.10 | 0.27% |
| Allowance / Loans (%) | — | 1.56% | -0.06% | 1.63% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.27 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.41% | -0.95 | 15.36% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▂▃█▇ | Net Interest Margin (%) | 3.94% | 3.95% | 4.00% | 3.97% | 4.04% | 4.09% | 4.44% | 4.33% |
| █▇▂▁▄▅▅▆ | Return on Assets (%) | 1.21% | 1.19% | 1.06% | 1.04% | 1.11% | 1.13% | 1.14% | 1.16% |
| ▁▂██▆▆▆▅ | Efficiency Ratio (%) | 58.8% | 60.1% | 65.5% | 66.4% | 63.9% | 64.3% | 63.9% | 62.8% |
| █▆█▆█▅▂▁ | Cost of Funds (%) | 0.94% | 0.90% | 0.92% | 0.90% | 0.93% | 0.88% | 0.83% | 0.81% |
| ▁█▆▇█▅▃▂ | NPA / Assets (%) | 0.14% | 0.30% | 0.26% | 0.27% | 0.28% | 0.23% | 0.19% | 0.17% |
| ▂█▇██▆▁▁ | Net Charge-Off Ratio (%) | 0.20% | 0.42% | 0.35% | 0.40% | 0.40% | 0.32% | 0.15% | 0.13% |
| █▂▄▄▁▂▂▃ | Tang. Book Value ($M) | $60 | $54 | $55 | $56 | $52 | $53 | $53 | $55 |
| ▁▁▁▁▃▁▁█ | Gross Loans ($M) | $381 | $383 | $383 | $382 | $387 | $382 | $383 | $402 |
| ▂▂▁▆▅▂▅█ | Total Deposits ($M) | $471 | $472 | $461 | $491 | $486 | $472 | $484 | $505 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |