Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.18 | 1.25% |
| Return on Equity (%) | ▲ | 15.88% | +0.19 | 15.69% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.25 | 4.06% |
| Efficiency Ratio (%) | ▲ | 63.11% | -1.82 | 64.93% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.48 | $2 |
| Cost of Funds (%) | ▲ | 1.03% | -0.10 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $634 | +42.10 | $592 |
| Gross Loans ($M) | ▲ | $440 | +39.93 | $400 |
| Loan Growth YoY (%) | ▲ | 81.26% | +6.27 | 74.99% |
| Total Deposits ($M) | ▲ | $536 | +8.37 | $528 |
| Shareholders Equity ($M) | ▲ | $58 | +11.22 | $47 |
| Tang. Book Value ($M) | ▲ | $58 | +11.22 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +11.06 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 81.26% | +6.27 | 74.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.82% | -0.14 | 0.96% |
| Allowance / Loans (%) | — | 0.93% | -0.08% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 1.12% | -0.23 | 1.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.18% | +0.13 | 18.05% |
Noninterest income ($1.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 3.83% | 3.88% | 4.00% | 4.06% | 4.04% | 4.09% | 4.30% | 4.31% |
| ▁▂▅▅▅▅▆█ | Return on Assets (%) | 1.00% | 1.09% | 1.26% | 1.25% | 1.25% | 1.27% | 1.31% | 1.43% |
| █▇▂▂▂▂▂▁ | Efficiency Ratio (%) | 70.6% | 68.8% | 64.6% | 64.9% | 64.8% | 64.9% | 64.4% | 63.1% |
| █▇▄▃▄▁▁▁ | Cost of Funds (%) | 1.36% | 1.29% | 1.19% | 1.13% | 1.15% | 1.04% | 1.01% | 1.03% |
| ▁▁▁▅▅█▆▄ | NPA / Assets (%) | 0.57% | 0.56% | 0.55% | 0.96% | 0.92% | 1.22% | 1.02% | 0.82% |
| ▁▁▁▅▅█▆▃ | Net Charge-Off Ratio (%) | 0.84% | 0.78% | 0.79% | 1.35% | 1.31% | 1.77% | 1.47% | 1.12% |
| ▂▁▂▂▄▆▇█ | Tang. Book Value ($M) | $48 | $46 | $48 | $47 | $52 | $54 | $55 | $58 |
| ▁▂▂▂▃▅▆█ | Gross Loans ($M) | $389 | $396 | $396 | $400 | $408 | $418 | $424 | $440 |
| ▁▅▇▄▄██▆ | Total Deposits ($M) | $507 | $532 | $541 | $528 | $526 | $548 | $550 | $536 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 2% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |