Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.60 | 1.20% |
| Return on Equity (%) | ▲ | 17.31% | +5.05 | 12.26% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.33 | 3.74% |
| Efficiency Ratio (%) | ▲ | 52.95% | -8.99 | 61.94% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.63 | $4 |
| Cost of Funds (%) | ▲ | 1.70% | -0.03 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $939 | +53.15 | $886 |
| Gross Loans ($M) | ▲ | $783 | +72.18 | $711 |
| Loan Growth YoY (%) | ▲ | 94.26% | +5.24 | 89.02% |
| Total Deposits ($M) | ▲ | $821 | +32.08 | $789 |
| Shareholders Equity ($M) | ▲ | $101 | +13.23 | $88 |
| Tang. Book Value ($M) | ▲ | $101 | +13.23 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +12.84 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 94.26% | +5.24 | 89.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.05 | 0.16% |
| Allowance / Loans (%) | — | 1.14% | -0.04% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.05 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.36% | 3.39% | 3.64% | 3.74% | 3.81% | 3.85% | 4.00% | 4.07% |
| ▁▁▁▃▃▃▄█ | Return on Assets (%) | 1.00% | 0.98% | 0.95% | 1.20% | 1.23% | 1.22% | 1.32% | 1.80% |
| ███▆▆▆▄▁ | Efficiency Ratio (%) | 65.1% | 65.5% | 66.1% | 61.9% | 61.3% | 61.5% | 59.3% | 52.9% |
| ██▄▁▁▃▁▁ | Cost of Funds (%) | 1.97% | 2.00% | 1.85% | 1.73% | 1.71% | 1.78% | 1.73% | 1.70% |
| █▇▃▅▆▁▂▇ | NPA / Assets (%) | 0.23% | 0.20% | 0.12% | 0.16% | 0.18% | 0.08% | 0.11% | 0.21% |
| █▆▃▅▆▁▂▇ | Net Charge-Off Ratio (%) | 0.29% | 0.24% | 0.16% | 0.20% | 0.22% | 0.09% | 0.14% | 0.25% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $81 | $83 | $85 | $88 | $91 | $94 | $96 | $101 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $659 | $680 | $695 | $711 | $737 | $760 | $764 | $783 |
| ▁▄▅▆▅███ | Total Deposits ($M) | $709 | $769 | $773 | $789 | $779 | $825 | $834 | $821 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |