Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.15% | +0.14 | 2.01% |
| Return on Equity (%) | ▼ | 24.79% | -0.65 | 25.44% |
| Net Interest Margin (%) | ▲ | 4.77% | +0.43 | 4.33% |
| Efficiency Ratio (%) | ▼ | 58.61% | +0.40 | 58.21% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 2.44% | -0.38 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $303 | +18.42 | $284 |
| Gross Loans ($M) | ▲ | $264 | +16.11 | $248 |
| Loan Growth YoY (%) | ▲ | 99.81% | +2.79 | 97.02% |
| Total Deposits ($M) | ▲ | $262 | +8.92 | $253 |
| Shareholders Equity ($M) | ▲ | $26 | +3.40 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +3.40 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 99.81% | +2.79 | 97.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.22 | 0.05% |
| Allowance / Loans (%) | — | 0.87% | 0.01% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.25 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.02% | +0.64 | 11.38% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇▇█ | Net Interest Margin (%) | 3.77% | 3.82% | 4.19% | 4.33% | 4.50% | 4.53% | 4.59% | 4.77% |
| ▁▁▂▆██▅█ | Return on Assets (%) | 1.52% | 1.57% | 1.64% | 2.01% | 2.21% | 2.16% | 1.90% | 2.15% |
| ██▅▂▁▁▄▂ | Efficiency Ratio (%) | 64.0% | 63.2% | 60.9% | 58.2% | 57.1% | 57.4% | 60.3% | 58.6% |
| ██▄▄▄▂▁▁ | Cost of Funds (%) | 3.27% | 3.20% | 2.81% | 2.82% | 2.81% | 2.55% | 2.41% | 2.44% |
| █▁▄▂▂▁▁█ | NPA / Assets (%) | 0.27% | 0.00% | 0.12% | 0.05% | 0.07% | 0.00% | 0.00% | 0.28% |
| ▂▁▄▂▂▁▁█ | Net Charge-Off Ratio (%) | 0.06% | 0.00% | 0.14% | 0.06% | 0.08% | 0.00% | 0.00% | 0.32% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $20 | $21 | $22 | $23 | $24 | $25 | $26 | $26 |
| ▁▁▅▅▂▆██ | Gross Loans ($M) | $229 | $233 | $247 | $248 | $236 | $251 | $264 | $264 |
| ▁▁▅▅▃▃█▇ | Total Deposits ($M) | $235 | $237 | $251 | $253 | $246 | $244 | $266 | $262 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |