Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.38 | 1.02% |
| Return on Equity (%) | ▲ | 14.50% | +3.66 | 10.84% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.32 | 3.56% |
| Efficiency Ratio (%) | ▲ | 60.88% | -5.86 | 66.74% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.71 | $3 |
| Cost of Funds (%) | ▲ | 1.50% | -0.08 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $980 | +60.97 | $919 |
| Gross Loans ($M) | ▲ | $775 | +32.93 | $742 |
| Loan Growth YoY (%) | ▼ | 90.47% | -1.95 | 92.42% |
| Total Deposits ($M) | ▲ | $848 | +52.93 | $795 |
| Shareholders Equity ($M) | ▲ | $95 | +9.05 | $86 |
| Tang. Book Value ($M) | ▲ | $95 | +9.05 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +10.04 | $90 |
| Loan / Deposit Ratio (%) | ▼ | 90.47% | -1.95 | 92.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.20 | 0.26% |
| Allowance / Loans (%) | — | 1.02% | 0.03% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.24 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.97% | +0.57 | 12.40% |
Noninterest income ($2.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▆▆█ | Net Interest Margin (%) | 3.35% | 3.39% | 3.55% | 3.56% | 3.59% | 3.70% | 3.75% | 3.88% |
| ▁▁▄▃▃▄██ | Return on Assets (%) | 0.83% | 0.86% | 1.06% | 1.02% | 1.03% | 1.04% | 1.35% | 1.40% |
| ██▅▆▆▆▂▁ | Efficiency Ratio (%) | 69.8% | 69.0% | 65.8% | 66.7% | 66.7% | 67.0% | 62.0% | 60.9% |
| █▅▂▄▆▄▁▂ | Cost of Funds (%) | 1.78% | 1.64% | 1.53% | 1.58% | 1.68% | 1.60% | 1.45% | 1.50% |
| ██▇▇▆▁▁▂ | NPA / Assets (%) | 0.30% | 0.31% | 0.25% | 0.26% | 0.22% | 0.00% | 0.03% | 0.06% |
| ██▇▇▆▁▁▂ | Net Charge-Off Ratio (%) | 0.38% | 0.39% | 0.31% | 0.32% | 0.29% | 0.00% | 0.03% | 0.08% |
| ▁▁▃▃▅▆▇█ | Tang. Book Value ($M) | $81 | $82 | $85 | $86 | $89 | $91 | $93 | $95 |
| ▁▂▃▅▅▇▇█ | Gross Loans ($M) | $688 | $706 | $719 | $742 | $735 | $754 | $760 | $775 |
| ▁▁▂▄▇▆██ | Total Deposits ($M) | $750 | $755 | $773 | $795 | $834 | $813 | $846 | $848 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |