Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.14 | 1.38% |
| Return on Equity (%) | ▲ | 18.37% | +0.84 | 17.53% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.04 | 3.17% |
| Efficiency Ratio (%) | ▲ | 57.74% | -0.57 | 58.31% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.28 | $3 |
| Cost of Funds (%) | ▲ | 2.68% | -0.11 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $812 | -2.53 | $815 |
| Gross Loans ($M) | ▲ | $619 | +14.86 | $604 |
| Loan Growth YoY (%) | ▲ | 83.73% | +2.90 | 80.83% |
| Total Deposits ($M) | ▼ | $732 | -7.99 | $740 |
| Shareholders Equity ($M) | ▲ | $70 | +5.43 | $64 |
| Tang. Book Value ($M) | ▲ | $65 | +5.70 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +4.86 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 83.73% | +2.90 | 80.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.71% | -0.21 | 0.92% |
| Allowance / Loans (%) | — | 0.96% | -0.01% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.81% | -0.37 | 1.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.70% | -0.22 | 15.92% |
Noninterest income ($1.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▇██▄█ | Net Interest Margin (%) | 2.98% | 3.05% | 3.05% | 3.17% | 3.21% | 3.21% | 3.09% | 3.21% |
| █▇▁▁▂▅▄▇ | Return on Assets (%) | 1.55% | 1.51% | 1.38% | 1.38% | 1.42% | 1.47% | 1.44% | 1.52% |
| ▂▄▆▇▆▁█▆ | Efficiency Ratio (%) | 55.0% | 56.3% | 57.8% | 58.3% | 57.7% | 54.1% | 59.2% | 57.7% |
| █▇▄▂▃▂▁▁ | Cost of Funds (%) | 3.41% | 3.32% | 2.96% | 2.79% | 2.87% | 2.83% | 2.71% | 2.68% |
| ▂▁▇█▆▂▂▂ | NPA / Assets (%) | 0.71% | 0.66% | 0.87% | 0.92% | 0.85% | 0.71% | 0.70% | 0.71% |
| ▂▃▅█▂▂▁▁ | Net Charge-Off Ratio (%) | 0.88% | 0.92% | 1.00% | 1.18% | 0.86% | 0.86% | 0.85% | 0.81% |
| ▅▁▂▃▇▇▇█ | Tang. Book Value ($M) | $62 | $57 | $59 | $60 | $64 | $63 | $64 | $65 |
| ▁▂▆▆▇▇▇█ | Gross Loans ($M) | $575 | $584 | $606 | $604 | $610 | $612 | $609 | $619 |
| ▁▇▆▇▇██▇ | Total Deposits ($M) | $629 | $739 | $723 | $740 | $742 | $758 | $762 | $732 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 27% |