Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.31 | 1.14% |
| Return on Equity (%) | ▲ | 23.07% | +0.48 | 22.59% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.26 | 3.59% |
| Efficiency Ratio (%) | ▲ | 75.90% | -2.43 | 78.34% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.37 | $2 |
| Cost of Funds (%) | ▲ | 0.83% | -0.11 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $733 | +8.88 | $724 |
| Gross Loans ($M) | ▼ | $411 | -4.53 | $416 |
| Loan Growth YoY (%) | ▼ | 65.43% | -0.20 | 65.63% |
| Total Deposits ($M) | ▼ | $623 | -4.85 | $628 |
| Shareholders Equity ($M) | ▲ | $46 | +7.78 | $38 |
| Tang. Book Value ($M) | ▲ | $44 | +7.87 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +8.26 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 65.43% | -0.20 | 65.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.12 | 0.46% |
| Allowance / Loans (%) | — | 0.83% | -0.01% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.37 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.78% | +0.44 | 14.34% |
Noninterest income ($4.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▅▆██ | Net Interest Margin (%) | 3.28% | 3.36% | 3.54% | 3.59% | 3.63% | 3.69% | 3.80% | 3.85% |
| ▁▂▄▅▅▅██ | Return on Assets (%) | 0.76% | 0.93% | 1.05% | 1.14% | 1.21% | 1.22% | 1.50% | 1.45% |
| █▆▄▃▃▂▁▁ | Efficiency Ratio (%) | 84.1% | 81.1% | 79.4% | 78.3% | 77.5% | 76.9% | 75.1% | 75.9% |
| █▅▃▃▃▂▁▁ | Cost of Funds (%) | 1.25% | 1.07% | 0.94% | 0.94% | 0.98% | 0.92% | 0.83% | 0.83% |
| ▁████▆▂▅ | NPA / Assets (%) | 0.17% | 0.43% | 0.45% | 0.46% | 0.44% | 0.37% | 0.23% | 0.34% |
| ▁████▇▁▃ | Net Charge-Off Ratio (%) | 0.29% | 0.74% | 0.81% | 0.80% | 0.80% | 0.68% | 0.26% | 0.44% |
| ▄▁▃▃▆███ | Tang. Book Value ($M) | $39 | $32 | $36 | $36 | $42 | $46 | $45 | $44 |
| █▆▆█▃▁▁▆ | Gross Loans ($M) | $415 | $410 | $410 | $416 | $403 | $399 | $398 | $411 |
| ▁▅█▇███▆ | Total Deposits ($M) | $579 | $615 | $640 | $628 | $639 | $638 | $639 | $623 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 73% |