Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.81% | +1.62 | 1.18% |
| Return on Equity (%) | ▲ | 24.90% | +13.51 | 11.39% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.62 | 4.00% |
| Efficiency Ratio (%) | ▲ | 44.88% | -18.78 | 63.66% |
| Pre-Provision Profit ($M) | ▲ | $4 | +3.03 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.24 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $372 | +34.17 | $338 |
| Gross Loans ($M) | ▲ | $290 | +22.84 | $267 |
| Loan Growth YoY (%) | ▲ | 97.06% | +1.45 | 95.61% |
| Total Deposits ($M) | ▲ | $296 | +19.59 | $277 |
| Shareholders Equity ($M) | ▲ | $44 | +6.65 | $37 |
| Tang. Book Value ($M) | ▲ | $44 | +7.01 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +7.68 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 97.06% | +1.45 | 95.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.03 | 0.05% |
| Allowance / Loans (%) | — | 0.82% | -0.15% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.04 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.67% | +1.48 | 14.19% |
Noninterest income ($2.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 3.41% | 3.50% | 3.92% | 4.00% | 4.06% | 4.16% | 4.48% | 4.63% |
| ▁▁▃▂▂▂▄█ | Return on Assets (%) | 0.72% | 0.79% | 1.26% | 1.18% | 1.20% | 1.17% | 1.62% | 2.81% |
| ██▆▆▅▅▄▁ | Efficiency Ratio (%) | 74.2% | 71.5% | 64.8% | 63.7% | 63.0% | 62.7% | 58.2% | 44.9% |
| █▄▃▄▂▂▁▁ | Cost of Funds (%) | 2.02% | 1.69% | 1.64% | 1.66% | 1.56% | 1.51% | 1.48% | 1.42% |
| ▅▅▄▇▁█▇▃ | NPA / Assets (%) | 0.03% | 0.04% | 0.03% | 0.05% | 0.00% | 0.06% | 0.05% | 0.02% |
| ▅▅▄▇▁█▇▃ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.04% | 0.06% | 0.00% | 0.08% | 0.06% | 0.03% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $34 | $34 | $36 | $37 | $38 | $39 | $40 | $44 |
| ▁▁▁▂▅█▇█ | Gross Loans ($M) | $259 | $263 | $261 | $267 | $278 | $290 | $285 | $290 |
| ▁▁▂▁▄▄▆█ | Total Deposits ($M) | $275 | $274 | $279 | $277 | $283 | $283 | $290 | $296 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 5% |
| Consumer | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 13% |