Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.21 | 0.95% |
| Return on Equity (%) | ▲ | 11.47% | +1.01 | 10.46% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.35 | 3.58% |
| Efficiency Ratio (%) | ▲ | 68.51% | -1.57 | 70.07% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.12 | $3 |
| Cost of Funds (%) | ▲ | 1.49% | -0.23 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $680 | -5.80 | $686 |
| Gross Loans ($M) | ▲ | $480 | +16.69 | $463 |
| Loan Growth YoY (%) | ▲ | 79.28% | +4.69 | 74.58% |
| Total Deposits ($M) | ▼ | $600 | -15.56 | $615 |
| Shareholders Equity ($M) | ▲ | $70 | +6.13 | $64 |
| Tang. Book Value ($M) | ▲ | $68 | +6.20 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +6.08 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 79.28% | +4.69 | 74.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.12 | 0.29% |
| Allowance / Loans (%) | — | 0.99% | -0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.19 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.09% | +0.55 | 15.55% |
Noninterest income ($1.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.26% | 3.32% | 3.41% | 3.58% | 3.65% | 3.74% | 3.83% | 3.93% |
| ▁▃▁▅▆▇██ | Return on Assets (%) | 0.73% | 0.83% | 0.69% | 0.95% | 1.02% | 1.09% | 1.11% | 1.16% |
| ▇▅█▂▂▁▁▁ | Efficiency Ratio (%) | 75.4% | 72.8% | 76.8% | 70.1% | 69.1% | 68.0% | 68.8% | 68.5% |
| ██▄▄▅▃▁▁ | Cost of Funds (%) | 1.96% | 1.91% | 1.72% | 1.72% | 1.73% | 1.64% | 1.50% | 1.49% |
| ▅█▆▅▅▁▁▁ | NPA / Assets (%) | 0.28% | 0.36% | 0.30% | 0.29% | 0.28% | 0.18% | 0.17% | 0.16% |
| ▅█▆▆▅▂▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.53% | 0.45% | 0.42% | 0.41% | 0.27% | 0.24% | 0.23% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $57 | $57 | $59 | $61 | $64 | $66 | $66 | $68 |
| ▁▁▂▃▅▄▆█ | Gross Loans ($M) | $454 | $453 | $459 | $463 | $469 | $466 | $473 | $480 |
| ▄▁█▅█▄▄▁ | Total Deposits ($M) | $609 | $600 | $624 | $615 | $626 | $611 | $612 | $600 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |