Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.52% | +2.59 | 0.93% |
| Return on Equity (%) | ▲ | 41.85% | +31.33 | 10.52% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.03 | 3.17% |
| Efficiency Ratio (%) | ▲ | 33.89% | -24.27 | 58.16% |
| Pre-Provision Profit ($M) | ▲ | $14 | +11.40 | $2 |
| Cost of Funds (%) | ▲ | 2.25% | -0.26 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $806 | +301.65 | $504 |
| Gross Loans ($M) | ▲ | $489 | +121.39 | $368 |
| Loan Growth YoY (%) | ▼ | 74.04% | -20.20 | 94.24% |
| Total Deposits ($M) | ▲ | $656 | +268.88 | $388 |
| Shareholders Equity ($M) | ▲ | $66 | +22.56 | $44 |
| Tang. Book Value ($M) | ▲ | $63 | +19.19 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +24.96 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 74.04% | -20.20 | 94.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.10 | 0.19% |
| Allowance / Loans (%) | — | 0.68% | -0.07% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.12 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($13.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▂▁▂▁▃ | Net Interest Margin (%) | 3.37% | 3.35% | 3.13% | 3.17% | 3.15% | 3.17% | 3.16% | 3.20% |
| ▁▁▁▁▁▂▂█ | Return on Assets (%) | 0.60% | 0.64% | 0.88% | 0.93% | 0.93% | 0.98% | 1.07% | 3.52% |
| ██▆▅▅▅▅▁ | Efficiency Ratio (%) | 72.8% | 69.5% | 61.7% | 58.2% | 57.6% | 57.7% | 57.9% | 33.9% |
| ▁▅▄█▇█▅▃ | Cost of Funds (%) | 2.14% | 2.33% | 2.28% | 2.51% | 2.43% | 2.48% | 2.33% | 2.25% |
| █▄▃▃▃▁▁▁ | NPA / Assets (%) | 0.40% | 0.22% | 0.20% | 0.19% | 0.18% | 0.11% | 0.11% | 0.09% |
| █▃▃▃▂▁▁▁ | Net Charge-Off Ratio (%) | 0.55% | 0.29% | 0.27% | 0.26% | 0.25% | 0.15% | 0.15% | 0.15% |
| ▁▁▁▁▂▂▅█ | Tang. Book Value ($M) | $42 | $42 | $43 | $44 | $45 | $47 | $53 | $63 |
| ▁▃▃▃▅▆▇█ | Gross Loans ($M) | $303 | $351 | $361 | $368 | $401 | $421 | $450 | $489 |
| ▁▁▃▂▄▄▄█ | Total Deposits ($M) | $309 | $343 | $396 | $388 | $458 | $455 | $477 | $656 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |