Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.20 | 0.79% |
| Return on Equity (%) | ▲ | 10.68% | +1.75 | 8.93% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.28 | 3.21% |
| Efficiency Ratio (%) | ▲ | 66.43% | -4.29 | 70.71% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.47 | $2 |
| Cost of Funds (%) | ▼ | 1.66% | +0.02 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $806 | +57.35 | $749 |
| Gross Loans ($M) | ▲ | $638 | +43.27 | $595 |
| Loan Growth YoY (%) | ▲ | 87.79% | +0.35 | 87.44% |
| Total Deposits ($M) | ▲ | $722 | +46.37 | $675 |
| Shareholders Equity ($M) | ▲ | $76 | +9.28 | $66 |
| Tang. Book Value ($M) | ▲ | $74 | +9.41 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +9.51 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 87.79% | +0.35 | 87.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.08 | 0.10% |
| Allowance / Loans (%) | — | 0.67% | -0.01% | 0.68% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.10 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.98% | 3.04% | 3.07% | 3.21% | 3.29% | 3.36% | 3.40% | 3.49% |
| ▁▂▁▄▅▅▇█ | Return on Assets (%) | 0.69% | 0.73% | 0.66% | 0.79% | 0.84% | 0.85% | 0.93% | 0.99% |
| █▇█▅▃▂▁▁ | Efficiency Ratio (%) | 74.4% | 73.2% | 74.6% | 70.7% | 68.9% | 67.9% | 67.4% | 66.4% |
| ██▃▂▂▁▁▃ | Cost of Funds (%) | 1.88% | 1.86% | 1.68% | 1.64% | 1.62% | 1.58% | 1.59% | 1.66% |
| ▃▂▂▃▁▁▁█ | NPA / Assets (%) | 0.10% | 0.08% | 0.08% | 0.10% | 0.08% | 0.06% | 0.08% | 0.18% |
| ▃▂▂▃▁▁▂█ | Net Charge-Off Ratio (%) | 0.13% | 0.11% | 0.10% | 0.13% | 0.09% | 0.08% | 0.10% | 0.23% |
| ▁▁▂▂▄▆▆█ | Tang. Book Value ($M) | $63 | $63 | $64 | $65 | $68 | $70 | $72 | $74 |
| ▁▁▂▄▅▇██ | Gross Loans ($M) | $565 | $562 | $572 | $595 | $607 | $627 | $637 | $638 |
| ▁▁▃▄▃▁██ | Total Deposits ($M) | $649 | $641 | $668 | $675 | $671 | $652 | $733 | $722 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 19% |