Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.49% | +1.12 | 1.37% |
| Return on Equity (%) | ▲ | 26.11% | +10.48 | 15.63% |
| Net Interest Margin (%) | ▲ | 5.28% | +0.57 | 4.71% |
| Efficiency Ratio (%) | ▲ | 50.60% | -13.82 | 64.42% |
| Pre-Provision Profit ($M) | ▲ | $9 | +4.24 | $4 |
| Cost of Funds (%) | ▲ | 2.86% | -0.55 | 3.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $913 | +187.34 | $725 |
| Gross Loans ($M) | ▲ | $751 | +142.98 | $608 |
| Loan Growth YoY (%) | ▼ | 98.90% | -2.18 | 101.09% |
| Total Deposits ($M) | ▲ | $755 | +157.10 | $597 |
| Shareholders Equity ($M) | ▲ | $88 | +22.96 | $65 |
| Tang. Book Value ($M) | ▲ | $88 | +22.97 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +22.49 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 98.90% | -2.18 | 101.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.04 | 0.08% |
| Allowance / Loans (%) | — | 0.69% | -0.05% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.05 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | 3.41% | 3.57% | 4.39% | 4.71% | 4.86% | 5.03% | 5.10% | 5.28% |
| ▁▂▄▅▆▆▇█ | Return on Assets (%) | -0.02% | 0.47% | 0.95% | 1.37% | 1.57% | 1.67% | 2.02% | 2.49% |
| █▆▅▃▂▂▁▁ | Efficiency Ratio (%) | 94.4% | 79.0% | 73.1% | 64.4% | 61.3% | 58.7% | 53.8% | 50.6% |
| █▇▅▅▃▂▁▁ | Cost of Funds (%) | 3.82% | 3.70% | 3.45% | 3.41% | 3.21% | 2.99% | 2.90% | 2.86% |
| ▁▁▃▄▂▂█▆ | NPA / Assets (%) | 0.02% | 0.02% | 0.06% | 0.08% | 0.04% | 0.05% | 0.14% | 0.11% |
| ▁▁▃▄▂▂█▇ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.07% | 0.09% | 0.05% | 0.06% | 0.17% | 0.14% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $56 | $59 | $62 | $65 | $74 | $78 | $82 | $88 |
| ▁▁▁▂▅▆▇█ | Gross Loans ($M) | $578 | $586 | $594 | $608 | $665 | $698 | $723 | $751 |
| ▁▁▁▂▄▆▇█ | Total Deposits ($M) | $585 | $569 | $591 | $597 | $639 | $703 | $717 | $755 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 1% |
| Consumer | 65% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 30% |