Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.16 | 0.83% |
| Return on Equity (%) | ▲ | 9.29% | +0.69 | 8.60% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.41 | 3.75% |
| Efficiency Ratio (%) | ▼ | 71.95% | +4.35 | 67.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.11 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $375 | +8.45 | $366 |
| Gross Loans ($M) | ▲ | $260 | +22.86 | $237 |
| Loan Growth YoY (%) | ▲ | 82.37% | +9.17 | 73.20% |
| Total Deposits ($M) | ▼ | $314 | -8.33 | $322 |
| Shareholders Equity ($M) | ▲ | $40 | +5.46 | $35 |
| Tang. Book Value ($M) | ▲ | $40 | +5.46 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +5.23 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 82.37% | +9.17 | 73.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.02 | 0.43% |
| Allowance / Loans (%) | — | 0.61% | 0.02% | 0.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.07 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.53% | +0.29 | 18.23% |
Noninterest income ($3.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 3.47% | 3.52% | 3.65% | 3.75% | 3.80% | 3.83% | 4.06% | 4.16% |
| ▂▃▁▄▅▆▁█ | Return on Assets (%) | 0.75% | 0.78% | 0.72% | 0.83% | 0.85% | 0.91% | 0.70% | 0.98% |
| ▇▆▅▄▃▁▁█ | Efficiency Ratio (%) | 70.4% | 70.0% | 68.6% | 67.6% | 67.3% | 65.2% | 64.8% | 71.9% |
| ██▆▄▆▅▃▁ | Cost of Funds (%) | 1.59% | 1.57% | 1.49% | 1.41% | 1.49% | 1.46% | 1.39% | 1.30% |
| ▁▂▇▅▆█▆▄ | NPA / Assets (%) | 0.33% | 0.36% | 0.48% | 0.43% | 0.47% | 0.52% | 0.45% | 0.41% |
| ▁▂█▅▆█▅▃ | Net Charge-Off Ratio (%) | 0.51% | 0.55% | 0.75% | 0.66% | 0.70% | 0.76% | 0.66% | 0.59% |
| ▁▁▁▂▅▇▆█ | Tang. Book Value ($M) | $35 | $34 | $35 | $35 | $37 | $39 | $38 | $40 |
| ▁▂▂▃▄▆▇█ | Gross Loans ($M) | $225 | $231 | $231 | $237 | $240 | $247 | $252 | $260 |
| ▄▁▅█▄▅█▃ | Total Deposits ($M) | $315 | $309 | $317 | $322 | $316 | $317 | $324 | $314 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 7% |
| Consumer | 14% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |