Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.37 | 1.49% |
| Return on Equity (%) | ▲ | 21.61% | +4.61 | 17.00% |
| Net Interest Margin (%) | ▼ | 3.34% | -0.10 | 3.44% |
| Efficiency Ratio (%) | ▲ | 40.43% | -8.86 | 49.29% |
| Pre-Provision Profit ($M) | ▲ | $13 | +6.17 | $6 |
| Cost of Funds (%) | ▲ | 0.12% | -0.15 | 0.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,192 | +747.15 | $1,445 |
| Gross Loans ($M) | ▼ | $274 | -13.53 | $288 |
| Loan Growth YoY (%) | ▼ | 13.48% | -8.42 | 21.91% |
| Total Deposits ($M) | ▲ | $2,007 | +711.86 | $1,295 |
| Shareholders Equity ($M) | ▲ | $178 | +33.70 | $145 |
| Tang. Book Value ($M) | ▲ | $178 | +33.70 | $145 |
| TBV excl. AOCI ($M)** | ▲ | $232 | +49.16 | $183 |
| Loan / Deposit Ratio (%) | ▼ | 13.48% | -8.42 | 21.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.35% | -0.10% | 1.46% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 48.10% | +7.89 | 40.21% |
Noninterest income ($3.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂█▄▂▁▁▁ | Net Interest Margin (%) | 3.38% | 3.37% | 3.61% | 3.44% | 3.38% | 3.35% | 3.32% | 3.34% |
| █▆▃▂▁▁▇█ | Return on Assets (%) | 1.86% | 1.71% | 1.55% | 1.49% | 1.44% | 1.43% | 1.79% | 1.86% |
| ▂▄▇███▃▁ | Efficiency Ratio (%) | 42.7% | 45.3% | 48.1% | 49.3% | 50.5% | 50.3% | 43.4% | 40.4% |
| ▄▆▄▇██▁▁ | Cost of Funds (%) | 0.21% | 0.24% | 0.21% | 0.27% | 0.30% | 0.30% | 0.12% | 0.12% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $115 | $119 | $138 | $145 | $151 | $158 | $169 | $178 |
| ▆█▆▃▃▁▁▁ | Gross Loans ($M) | $300 | $314 | $302 | $288 | $284 | $275 | $273 | $274 |
| ▂▁▄▁▂▄▆█ | Total Deposits ($M) | $1,434 | $1,276 | $1,582 | $1,295 | $1,376 | $1,585 | $1,741 | $2,007 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 84% |
| Interest-Bearing (core) | 16% |