Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.26 | 1.30% |
| Return on Equity (%) | ▲ | 18.32% | +3.37 | 14.95% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.27 | 4.13% |
| Efficiency Ratio (%) | ▲ | 72.56% | -3.42 | 75.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.71% | -0.02 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $599 | +46.73 | $552 |
| Gross Loans ($M) | ▲ | $472 | +42.00 | $430 |
| Loan Growth YoY (%) | ▼ | 90.72% | -0.61 | 91.33% |
| Total Deposits ($M) | ▲ | $517 | +48.90 | $468 |
| Shareholders Equity ($M) | ▲ | $50 | +4.34 | $46 |
| Tang. Book Value ($M) | ▲ | $48 | +4.29 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +4.26 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 90.72% | -0.61 | 91.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.01 | 0.11% |
| Allowance / Loans (%) | — | 0.64% | 0.05% | 0.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.01 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▅▆▆█ | Net Interest Margin (%) | 3.99% | 4.07% | 4.04% | 4.13% | 4.22% | 4.27% | 4.26% | 4.40% |
| ▁█▁▂▃▄▂▄ | Return on Assets (%) | 1.16% | 2.23% | 1.06% | 1.30% | 1.40% | 1.55% | 1.34% | 1.56% |
| █▁█▇▆▅▆▅ | Efficiency Ratio (%) | 77.6% | 65.2% | 78.6% | 76.0% | 74.8% | 72.6% | 74.9% | 72.6% |
| ▆█▁▃▅▁▁▂ | Cost of Funds (%) | 1.78% | 1.84% | 1.68% | 1.73% | 1.78% | 1.70% | 1.69% | 1.71% |
| ▁▄▃▃▂▅█▃ | NPA / Assets (%) | 0.08% | 0.12% | 0.11% | 0.11% | 0.10% | 0.13% | 0.18% | 0.11% |
| ▁▄▃▃▃▆█▃ | Net Charge-Off Ratio (%) | 0.09% | 0.15% | 0.14% | 0.14% | 0.13% | 0.18% | 0.22% | 0.14% |
| ▁▅▆▃▆███ | Tang. Book Value ($M) | $41 | $45 | $46 | $44 | $46 | $48 | $48 | $48 |
| ▂▁▁▂▄▄▆█ | Gross Loans ($M) | $428 | $421 | $421 | $430 | $441 | $440 | $452 | $472 |
| ▁▂▄▅▆▇▇█ | Total Deposits ($M) | $408 | $426 | $451 | $468 | $478 | $493 | $492 | $517 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |