Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.26 | 0.42% |
| Return on Equity (%) | ▲ | 6.96% | +2.50 | 4.46% |
| Net Interest Margin (%) | ▲ | 2.66% | +0.28 | 2.38% |
| Efficiency Ratio (%) | ▲ | 73.40% | -5.47 | 78.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.75 | $3 |
| Cost of Funds (%) | ▲ | 2.02% | -0.20 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,414 | -6.45 | $1,420 |
| Gross Loans ($M) | ▲ | $866 | +87.43 | $778 |
| Loan Growth YoY (%) | ▲ | 70.77% | +7.60 | 63.18% |
| Total Deposits ($M) | ▼ | $1,206 | -7.20 | $1,214 |
| Shareholders Equity ($M) | ▲ | $139 | +10.75 | $128 |
| Tang. Book Value ($M) | ▲ | $139 | +10.75 | $128 |
| TBV excl. AOCI ($M)** | ▲ | $153 | +11.95 | $141 |
| Loan / Deposit Ratio (%) | ▲ | 70.77% | +7.60 | 63.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.38% | -0.11% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.22% | +0.35 | 14.87% |
Noninterest income ($3.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▇██ | Net Interest Margin (%) | 2.07% | 2.16% | 2.33% | 2.38% | 2.44% | 2.51% | 2.65% | 2.66% |
| ▁▂▄▅▇▇██ | Return on Assets (%) | 0.10% | 0.18% | 0.36% | 0.42% | 0.55% | 0.58% | 0.69% | 0.68% |
| █▇▃▂▂▁▁▁ | Efficiency Ratio (%) | 97.8% | 93.7% | 81.2% | 78.9% | 77.1% | 76.4% | 73.5% | 73.4% |
| █▆▄▄▅▃▁▁ | Cost of Funds (%) | 2.50% | 2.31% | 2.18% | 2.22% | 2.30% | 2.17% | 1.99% | 2.02% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▁▁▂▂▄▆▇█ | Tang. Book Value ($M) | $124 | $125 | $126 | $128 | $131 | $134 | $136 | $139 |
| ▁▃▅▆▆▇▇█ | Gross Loans ($M) | $621 | $696 | $746 | $778 | $792 | $820 | $830 | $866 |
| ▁▁▆█▆▇▇█ | Total Deposits ($M) | $952 | $953 | $1,132 | $1,214 | $1,148 | $1,150 | $1,179 | $1,206 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |