Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.13 | 0.65% |
| Return on Equity (%) | ▲ | 8.45% | +0.71 | 7.74% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.32 | 3.81% |
| Efficiency Ratio (%) | ▲ | 78.32% | -1.01 | 79.33% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 0.98% | -0.04 | 1.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $657 | +5.23 | $651 |
| Gross Loans ($M) | ▲ | $442 | +25.02 | $417 |
| Loan Growth YoY (%) | ▲ | 74.56% | +4.32 | 70.24% |
| Total Deposits ($M) | ▼ | $586 | -0.69 | $586 |
| Shareholders Equity ($M) | ▲ | $62 | +6.32 | $55 |
| Tang. Book Value ($M) | ▲ | $62 | +6.32 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +6.86 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 74.56% | +4.32 | 70.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.30% | -0.03% | 1.32% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.13% | +0.22 | 13.91% |
Noninterest income ($1.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▅▆██ | Net Interest Margin (%) | 3.36% | 3.43% | 3.76% | 3.81% | 3.84% | 3.91% | 4.05% | 4.13% |
| ▁▂▄▆▆▇▇█ | Return on Assets (%) | 0.38% | 0.43% | 0.55% | 0.65% | 0.68% | 0.72% | 0.70% | 0.78% |
| █▇▂▁▁▁▂▁ | Efficiency Ratio (%) | 87.8% | 86.6% | 80.1% | 79.3% | 79.1% | 78.3% | 80.4% | 78.3% |
| █▇▁▃▅▄▁▁ | Cost of Funds (%) | 1.11% | 1.08% | 0.98% | 1.02% | 1.06% | 1.04% | 1.00% | 0.98% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $54 | $53 | $54 | $55 | $59 | $61 | $61 | $62 |
| ▁▂▂▃▃▇▆█ | Gross Loans ($M) | $406 | $414 | $414 | $417 | $419 | $436 | $432 | $442 |
| ▃▁▂▂█▅▂▂ | Total Deposits ($M) | $588 | $579 | $584 | $586 | $608 | $597 | $584 | $586 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 3% |