Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.23% | +0.38 | 1.86% |
| Return on Equity (%) | ▲ | 18.38% | +2.23 | 16.15% |
| Net Interest Margin (%) | ▲ | 4.61% | +0.32 | 4.29% |
| Efficiency Ratio (%) | ▼ | 49.81% | +0.44 | 49.36% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▼ | 0.14% | +0.00 | 0.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $312 | +26.65 | $285 |
| Gross Loans ($M) | ▲ | $138 | +3.97 | $134 |
| Loan Growth YoY (%) | ▼ | 50.30% | -2.70 | 53.00% |
| Total Deposits ($M) | ▲ | $270 | +20.77 | $249 |
| Shareholders Equity ($M) | ▲ | $39 | +4.85 | $34 |
| Tang. Book Value ($M) | ▲ | $37 | +4.85 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +5.24 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 50.30% | -2.70 | 53.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.40 | 0.38% |
| Allowance / Loans (%) | — | 1.91% | 0.13% | 1.78% |
| Net Charge-Off Ratio (%) | ▼ | 1.76% | +0.96 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.32% | +2.53 | 21.79% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▅▆▇█ | Net Interest Margin (%) | 3.75% | 3.87% | 4.18% | 4.29% | 4.28% | 4.36% | 4.49% | 4.61% |
| ▁▁▃▄▃▄█▇ | Return on Assets (%) | 1.44% | 1.53% | 1.75% | 1.86% | 1.79% | 1.84% | 2.46% | 2.23% |
| ██▂▁▂▃▁▁ | Efficiency Ratio (%) | 56.2% | 55.6% | 50.8% | 49.4% | 50.6% | 51.4% | 49.5% | 49.8% |
| ▃█▆▄▁▄▂▄ | Cost of Funds (%) | 0.14% | 0.16% | 0.15% | 0.14% | 0.13% | 0.14% | 0.14% | 0.14% |
| ▁▁▁▃▄▅▂█ | NPA / Assets (%) | 0.28% | 0.21% | 0.27% | 0.38% | 0.44% | 0.52% | 0.34% | 0.78% |
| ▂▁▁▃▄▅▃█ | Net Charge-Off Ratio (%) | 0.69% | 0.47% | 0.60% | 0.81% | 1.03% | 1.17% | 0.81% | 1.76% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $29 | $28 | $30 | $32 | $34 | $35 | $36 | $37 |
| ▁▂▅▇▆█▇█ | Gross Loans ($M) | $120 | $124 | $131 | $134 | $133 | $136 | $134 | $138 |
| ▅▁▂▁▆▆█▆ | Total Deposits ($M) | $265 | $245 | $250 | $249 | $268 | $268 | $281 | $270 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 51% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 1% |