Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.11% | +0.28 | 1.83% |
| Return on Equity (%) | ▲ | 15.05% | +0.39 | 14.66% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.37 | 4.18% |
| Efficiency Ratio (%) | ▲ | 46.92% | -1.88 | 48.80% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.80 | $3 |
| Cost of Funds (%) | ▲ | 0.81% | -0.04 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $578 | +15.99 | $562 |
| Gross Loans ($M) | ▲ | $288 | +13.67 | $275 |
| Loan Growth YoY (%) | ▲ | 58.66% | +1.93 | 56.73% |
| Total Deposits ($M) | ▲ | $485 | +7.17 | $478 |
| Shareholders Equity ($M) | ▲ | $83 | +9.86 | $73 |
| Tang. Book Value ($M) | ▲ | $83 | +9.86 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +9.60 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 58.66% | +1.93 | 56.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.02 | 0.14% |
| Allowance / Loans (%) | — | 1.28% | 0.03% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.13 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▇█ | Net Interest Margin (%) | 3.97% | 4.00% | 4.08% | 4.18% | 4.26% | 4.31% | 4.43% | 4.55% |
| ▁▁▃▄▄▃▅█ | Return on Assets (%) | 1.67% | 1.64% | 1.78% | 1.83% | 1.84% | 1.80% | 1.89% | 2.11% |
| ██▅▄▅▇▅▁ | Efficiency Ratio (%) | 50.5% | 51.0% | 49.4% | 48.8% | 49.1% | 50.3% | 49.0% | 46.9% |
| ▄▁▂█▆▅▆▄ | Cost of Funds (%) | 0.80% | 0.78% | 0.79% | 0.85% | 0.83% | 0.82% | 0.83% | 0.81% |
| ▂▅█▁▂▃▂▂ | NPA / Assets (%) | 0.16% | 0.18% | 0.21% | 0.14% | 0.15% | 0.17% | 0.16% | 0.16% |
| ▂▅█▁▂██▇ | Net Charge-Off Ratio (%) | 0.12% | 0.18% | 0.25% | 0.10% | 0.12% | 0.25% | 0.23% | 0.23% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $68 | $66 | $70 | $73 | $77 | $80 | $81 | $83 |
| ▁▂▁▃▄▅▇█ | Gross Loans ($M) | $267 | $270 | $270 | $275 | $276 | $280 | $284 | $288 |
| ▁▂▆▄▅▇█▆ | Total Deposits ($M) | $467 | $473 | $484 | $478 | $480 | $488 | $493 | $485 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 11% |