Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.63 | 0.66% |
| Return on Equity (%) | ▲ | 16.32% | +7.18 | 9.14% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.31 | 3.85% |
| Efficiency Ratio (%) | ▲ | 64.99% | -10.19 | 75.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▼ | 2.12% | +0.11 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $418 | +27.01 | $391 |
| Gross Loans ($M) | ▲ | $359 | +51.83 | $307 |
| Loan Growth YoY (%) | ▲ | 93.67% | +8.88 | 84.79% |
| Total Deposits ($M) | ▲ | $377 | +21.20 | $356 |
| Shareholders Equity ($M) | ▲ | $33 | +4.53 | $29 |
| Tang. Book Value ($M) | ▲ | $33 | +4.53 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +4.01 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 93.67% | +8.88 | 84.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.48% | -0.33 | 0.82% |
| Allowance / Loans (%) | — | 1.62% | -0.16% | 1.78% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.16 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.24% | +0.03 | 10.21% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆██ | Net Interest Margin (%) | 3.67% | 3.68% | 3.69% | 3.85% | 3.95% | 4.00% | 4.14% | 4.16% |
| ▁▂▁▁▂▃█▆ | Return on Assets (%) | 0.72% | 0.78% | 0.63% | 0.66% | 0.79% | 0.87% | 1.55% | 1.28% |
| ████▇▆▁▃ | Efficiency Ratio (%) | 73.9% | 73.7% | 75.3% | 75.2% | 71.9% | 70.8% | 61.0% | 65.0% |
| ▇▆▁▄▇█▆█ | Cost of Funds (%) | 2.09% | 2.05% | 1.93% | 2.01% | 2.08% | 2.12% | 2.06% | 2.12% |
| ▁▇█▇▄▄▂▃ | NPA / Assets (%) | 0.17% | 0.88% | 1.02% | 0.82% | 0.60% | 0.59% | 0.34% | 0.48% |
| ▁█▆▄▃▃▃▃ | Net Charge-Off Ratio (%) | 0.10% | 1.01% | 0.73% | 0.52% | 0.44% | 0.41% | 0.40% | 0.36% |
| ▁▁▂▂▄▆▇█ | Tang. Book Value ($M) | $28 | $27 | $29 | $29 | $30 | $32 | $33 | $33 |
| ▁▂▂▃▄▇██ | Gross Loans ($M) | $286 | $302 | $305 | $307 | $321 | $345 | $353 | $359 |
| ▁▃▇▃▄▅██ | Total Deposits ($M) | $344 | $354 | $369 | $356 | $360 | $364 | $374 | $377 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |