Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.20 | 0.81% |
| Return on Equity (%) | ▲ | 12.55% | +0.21 | 12.34% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.39 | 3.25% |
| Efficiency Ratio (%) | ▲ | 72.33% | -4.05 | 76.38% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 0.76% | -0.19 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $554 | +0.94 | $553 |
| Gross Loans ($M) | ▼ | $349 | -0.12 | $350 |
| Loan Growth YoY (%) | ▲ | 69.60% | +0.84 | 68.76% |
| Total Deposits ($M) | ▼ | $500 | -6.26 | $506 |
| Shareholders Equity ($M) | ▲ | $45 | +7.10 | $38 |
| Tang. Book Value ($M) | ▲ | $45 | +7.19 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +7.17 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 69.60% | +0.84 | 68.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.02 | 0.12% |
| Allowance / Loans (%) | — | 0.38% | 0.00% | 0.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.04 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.00% | +1.44 | 15.56% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆▇█ | Net Interest Margin (%) | 2.90% | 2.94% | 3.20% | 3.25% | 3.31% | 3.36% | 3.54% | 3.64% |
| ▁▁▃▄█▇██ | Return on Assets (%) | 0.61% | 0.62% | 0.74% | 0.81% | 1.00% | 0.94% | 1.01% | 1.01% |
| ██▆▅▁▂▁▁ | Efficiency Ratio (%) | 80.6% | 80.8% | 77.9% | 76.4% | 71.7% | 73.7% | 71.9% | 72.3% |
| ██▄▄▄▃▁▁ | Cost of Funds (%) | 1.16% | 1.14% | 0.94% | 0.95% | 0.91% | 0.89% | 0.79% | 0.76% |
| ▇▇█▅█▆▁▄ | NPA / Assets (%) | 0.15% | 0.15% | 0.18% | 0.12% | 0.18% | 0.12% | 0.01% | 0.10% |
| ▇▇█▅█▆▁▄ | Net Charge-Off Ratio (%) | 0.23% | 0.24% | 0.29% | 0.19% | 0.29% | 0.20% | 0.01% | 0.15% |
| ▂▁▂▄▆▇██ | Tang. Book Value ($M) | $36 | $33 | $36 | $38 | $42 | $43 | $44 | $45 |
| ▁▄▄▅██▂▅ | Gross Loans ($M) | $347 | $349 | $349 | $350 | $351 | $352 | $347 | $349 |
| ▁▅█████▇ | Total Deposits ($M) | $474 | $492 | $503 | $506 | $506 | $506 | $503 | $500 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |