Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.01 | 1.17% |
| Return on Equity (%) | ▼ | 11.37% | -0.34 | 11.71% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.08 | 4.35% |
| Efficiency Ratio (%) | ▼ | 72.13% | +2.38 | 69.75% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.07 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $341 | +13.60 | $327 |
| Gross Loans ($M) | ▲ | $287 | +21.46 | $266 |
| Loan Growth YoY (%) | ▲ | 96.20% | +6.37 | 89.82% |
| Total Deposits ($M) | ▲ | $294 | +2.74 | $292 |
| Shareholders Equity ($M) | ▲ | $36 | +2.90 | $33 |
| Tang. Book Value ($M) | ▲ | $34 | +2.86 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.60 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 96.20% | +6.37 | 89.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.03 | 0.13% |
| Allowance / Loans (%) | — | 1.32% | -0.01% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.04 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.11% | +0.30 | 12.82% |
Noninterest income ($0.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▂▇▆███ | Net Interest Margin (%) | 3.94% | 4.17% | 4.06% | 4.35% | 4.29% | 4.46% | 4.40% | 4.43% |
| ▄▇▁▆▆█▇▆ | Return on Assets (%) | 1.05% | 1.21% | 0.91% | 1.17% | 1.14% | 1.26% | 1.22% | 1.16% |
| ▆▂█▂▃▁▃▅ | Efficiency Ratio (%) | 73.3% | 69.9% | 74.9% | 69.7% | 70.7% | 68.7% | 70.3% | 72.1% |
| █▆▄▁▂▂▁▁ | Cost of Funds (%) | 1.87% | 1.67% | 1.51% | 1.32% | 1.35% | 1.35% | 1.26% | 1.25% |
| █▇▃▂▂▂▂▁ | NPA / Assets (%) | 0.22% | 0.20% | 0.14% | 0.13% | 0.12% | 0.12% | 0.12% | 0.10% |
| █▇▃▃▂▂▂▁ | Net Charge-Off Ratio (%) | 0.27% | 0.25% | 0.17% | 0.16% | 0.15% | 0.16% | 0.14% | 0.12% |
| ▁▁▂▄▅▅▇█ | Tang. Book Value ($M) | $29 | $29 | $30 | $31 | $32 | $32 | $33 | $34 |
| ▁▁▂▃▅▅██ | Gross Loans ($M) | $257 | $255 | $262 | $266 | $274 | $272 | $288 | $287 |
| ▁▂▂▆███▆ | Total Deposits ($M) | $263 | $272 | $271 | $292 | $306 | $307 | $307 | $294 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 20% |