Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.07 | 0.51% |
| Return on Equity (%) | ▲ | 6.34% | +0.02 | 6.32% |
| Net Interest Margin (%) | ▼ | 2.90% | -0.11 | 3.01% |
| Efficiency Ratio (%) | ▼ | 78.83% | +5.10 | 73.73% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 2.28% | -0.49 | 2.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,111 | +320.47 | $790 |
| Gross Loans ($M) | ▲ | $421 | +72.99 | $348 |
| Loan Growth YoY (%) | ▼ | 41.64% | -6.65 | 48.29% |
| Total Deposits ($M) | ▲ | $1,000 | +286.88 | $713 |
| Shareholders Equity ($M) | ▲ | $96 | +31.43 | $64 |
| Tang. Book Value ($M) | ▲ | $96 | +31.43 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +38.45 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 41.64% | -6.65 | 48.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.01 | 0.08% |
| Allowance / Loans (%) | — | 1.18% | 0.03% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.00 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.36% | +2.44 | 20.92% |
Noninterest income ($5.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂███▇█▆ | Net Interest Margin (%) | 2.57% | 2.67% | 2.98% | 3.01% | 2.96% | 2.92% | 2.98% | 2.90% |
| ▁█▂▂▃▁▄▃ | Return on Assets (%) | 0.38% | 0.99% | 0.50% | 0.51% | 0.53% | 0.42% | 0.61% | 0.58% |
| █▇▁▂▃▃▅▆ | Efficiency Ratio (%) | 82.2% | 79.7% | 71.8% | 73.7% | 74.9% | 75.7% | 77.5% | 78.8% |
| █▄▃▄▃▁▁▁ | Cost of Funds (%) | 3.56% | 2.83% | 2.69% | 2.77% | 2.64% | 2.40% | 2.38% | 2.28% |
| ██▅▃▂▃▁▃ | NPA / Assets (%) | 0.18% | 0.20% | 0.13% | 0.08% | 0.05% | 0.06% | 0.01% | 0.07% |
| ▇█▅▃▂▃▁▃ | Net Charge-Off Ratio (%) | 0.42% | 0.49% | 0.29% | 0.18% | 0.13% | 0.16% | 0.04% | 0.18% |
| ▁▂▂▂▃███ | Tang. Book Value ($M) | $56 | $62 | $64 | $64 | $67 | $93 | $93 | $96 |
| ▁▁▄▃▂▅▅█ | Gross Loans ($M) | $309 | $322 | $354 | $348 | $334 | $369 | $371 | $421 |
| ▁▂▃▂▃▅▇█ | Total Deposits ($M) | $618 | $699 | $722 | $713 | $741 | $846 | $933 | $1,000 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 12% |
| Consumer | 14% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 7% |