Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.02 | 1.69% |
| Return on Equity (%) | ▼ | 18.71% | -1.45 | 20.16% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.04 | 4.70% |
| Efficiency Ratio (%) | ▼ | 56.69% | +1.03 | 55.66% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.22 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.18 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $423 | +56.09 | $367 |
| Gross Loans ($M) | ▲ | $333 | +46.56 | $286 |
| Loan Growth YoY (%) | ▲ | 86.17% | +1.20 | 84.97% |
| Total Deposits ($M) | ▲ | $381 | +48.99 | $332 |
| Shareholders Equity ($M) | ▲ | $40 | +7.16 | $32 |
| Tang. Book Value ($M) | ▲ | $39 | +7.11 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +7.11 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 86.17% | +1.20 | 84.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.30% | -0.09% | 1.39% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.35% | +0.81 | 12.54% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▃▆▁▂▅█ | Net Interest Margin (%) | 4.63% | 4.63% | 4.64% | 4.70% | 4.60% | 4.63% | 4.68% | 4.73% |
| ▁▂▇██▆██ | Return on Assets (%) | 1.27% | 1.34% | 1.62% | 1.69% | 1.69% | 1.57% | 1.68% | 1.71% |
| ██▁▁▂▆▃▂ | Efficiency Ratio (%) | 63.6% | 62.7% | 56.4% | 55.7% | 57.5% | 61.4% | 57.7% | 56.7% |
| ▃▃▂▆▇█▁▁ | Cost of Funds (%) | 1.56% | 1.56% | 1.52% | 1.65% | 1.69% | 1.73% | 1.48% | 1.47% |
| ▃▂▁▁▁█▁▁ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% |
| ▃▂▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $28 | $29 | $31 | $32 | $34 | $36 | $38 | $39 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $247 | $263 | $278 | $286 | $296 | $303 | $321 | $333 |
| ▁▁▃▂█▆██ | Total Deposits ($M) | $318 | $324 | $335 | $332 | $375 | $359 | $376 | $381 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |