Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.38 | 1.36% |
| Return on Equity (%) | ▲ | 21.16% | +0.82 | 20.34% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.11 | 4.29% |
| Efficiency Ratio (%) | ▲ | 55.61% | -2.37 | 57.99% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $2 |
| Cost of Funds (%) | ▲ | 1.08% | -0.16 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $444 | +9.72 | $434 |
| Gross Loans ($M) | ▲ | $275 | +6.53 | $268 |
| Loan Growth YoY (%) | ▲ | 68.37% | +2.10 | 66.27% |
| Total Deposits ($M) | ▼ | $397 | -3.13 | $400 |
| Shareholders Equity ($M) | ▲ | $38 | +8.16 | $30 |
| Tang. Book Value ($M) | ▲ | $38 | +8.16 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +8.34 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 68.37% | +2.10 | 66.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.10 | 0.06% |
| Allowance / Loans (%) | — | 1.32% | 0.08% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.16 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▆▇▅█ | Net Interest Margin (%) | 4.08% | 4.08% | 4.20% | 4.29% | 4.30% | 4.34% | 4.27% | 4.40% |
| ▁▂▁▃▄▅██ | Return on Assets (%) | 1.15% | 1.23% | 1.16% | 1.36% | 1.40% | 1.49% | 1.73% | 1.74% |
| █▇▅▄▃▃▁▁ | Efficiency Ratio (%) | 60.5% | 59.4% | 58.1% | 58.0% | 57.3% | 56.8% | 55.6% | 55.6% |
| ▇█▄▅▅▄▁▁ | Cost of Funds (%) | 1.34% | 1.38% | 1.22% | 1.24% | 1.23% | 1.21% | 1.08% | 1.08% |
| ▅▂▁▁█▁▁▃ | NPA / Assets (%) | 0.22% | 0.09% | 0.06% | 0.06% | 0.37% | 0.07% | 0.04% | 0.16% |
| ▅▂▁▁█▁▁▃ | Net Charge-Off Ratio (%) | 0.38% | 0.15% | 0.11% | 0.10% | 0.61% | 0.11% | 0.07% | 0.26% |
| ▃▁▂▃▅▇▇█ | Tang. Book Value ($M) | $30 | $27 | $29 | $30 | $33 | $35 | $36 | $38 |
| ▁▃▄▇▇▅▆█ | Gross Loans ($M) | $244 | $252 | $258 | $268 | $268 | $263 | $265 | $275 |
| ▁▂▄▆█▆▆▅ | Total Deposits ($M) | $381 | $385 | $392 | $400 | $407 | $398 | $399 | $397 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 10% |