Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.25 | 1.11% |
| Return on Equity (%) | ▼ | 14.63% | -1.42 | 16.05% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.18 | 3.25% |
| Efficiency Ratio (%) | ▲ | 57.74% | -5.49 | 63.23% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.05 | $4 |
| Cost of Funds (%) | ▼ | 0.18% | +0.03 | 0.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,166 | +23.18 | $1,143 |
| Gross Loans ($M) | ▲ | $517 | +40.38 | $476 |
| Loan Growth YoY (%) | ▲ | 50.42% | +2.07 | 48.35% |
| Total Deposits ($M) | ▲ | $1,017 | +39.25 | $978 |
| Shareholders Equity ($M) | ▲ | $110 | +25.50 | $84 |
| Tang. Book Value ($M) | ▲ | $110 | +25.50 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +23.17 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 50.42% | +2.07 | 48.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 0.73% | 0.01% | 0.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.50% | +0.62 | 26.88% |
Noninterest income ($2.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▁▂▆█ | Net Interest Margin (%) | 3.14% | 3.15% | 3.18% | 3.25% | 3.11% | 3.16% | 3.32% | 3.43% |
| ▃▄▃▁▂▂██ | Return on Assets (%) | 1.19% | 1.23% | 1.19% | 1.11% | 1.16% | 1.16% | 1.36% | 1.35% |
| ▇▅▆█▆▅▁▂ | Efficiency Ratio (%) | 61.7% | 60.5% | 61.3% | 63.2% | 60.9% | 60.3% | 56.9% | 57.7% |
| ▁▃▂▁█▃▂▁ | Cost of Funds (%) | 0.20% | 0.30% | 0.22% | 0.16% | 0.63% | 0.30% | 0.23% | 0.18% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.21% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.52% | 0.01% | 0.02% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
| ▂▁▂▃▅███ | Tang. Book Value ($M) | $80 | $70 | $80 | $84 | $93 | $105 | $106 | $110 |
| ▁▁▃▄▅▇▇█ | Gross Loans ($M) | $450 | $457 | $467 | $476 | $491 | $505 | $508 | $517 |
| ▁▁▃▅▁▃▄█ | Total Deposits ($M) | $944 | $936 | $961 | $978 | $935 | $957 | $972 | $1,017 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 55% |
| Interest-Bearing (core) | 45% |