Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.10 | 1.08% |
| Return on Equity (%) | ▼ | 10.52% | -1.62 | 12.14% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.04 | 3.45% |
| Efficiency Ratio (%) | ▼ | 70.89% | +3.13 | 67.76% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $2 |
| Cost of Funds (%) | ▼ | 1.49% | +0.03 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $691 | +27.35 | $663 |
| Gross Loans ($M) | ▲ | $468 | +18.49 | $449 |
| Loan Growth YoY (%) | ▲ | 74.14% | +0.40 | 73.74% |
| Total Deposits ($M) | ▲ | $623 | +21.68 | $601 |
| Shareholders Equity ($M) | ▲ | $65 | +4.87 | $60 |
| Tang. Book Value ($M) | ▲ | $64 | +4.93 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +5.41 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 74.14% | +0.40 | 73.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.05 | 0.01% |
| Allowance / Loans (%) | — | 1.26% | -0.05% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.07 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.51% | +0.03 | 12.48% |
Noninterest income ($0.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂██▇█▇█ | Net Interest Margin (%) | 3.00% | 3.07% | 3.47% | 3.45% | 3.42% | 3.44% | 3.39% | 3.49% |
| ▁▁█▆▅▅▅▅ | Return on Assets (%) | 0.61% | 0.59% | 1.29% | 1.08% | 1.03% | 1.01% | 0.98% | 0.98% |
| ██▁▂▃▃▄▄ | Efficiency Ratio (%) | 80.4% | 81.9% | 63.6% | 67.8% | 69.2% | 69.3% | 71.9% | 70.9% |
| █▅▁▂▇▇▃▃ | Cost of Funds (%) | 1.64% | 1.54% | 1.42% | 1.46% | 1.60% | 1.60% | 1.50% | 1.49% |
| ▂▁▁▁▁▁▄█ | NPA / Assets (%) | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.02% | 0.03% | 0.06% |
| ▂▁▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% | 0.09% |
| ▃▁▂▃▇█▆█ | Tang. Book Value ($M) | $59 | $56 | $58 | $59 | $63 | $65 | $63 | $64 |
| ▁▂▃▅▆▇▆█ | Gross Loans ($M) | $428 | $435 | $442 | $449 | $453 | $460 | $457 | $468 |
| ▁▂▃▄███▇ | Total Deposits ($M) | $574 | $584 | $597 | $601 | $632 | $627 | $634 | $623 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 5% |
| Consumer | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |