Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.07% | +0.01 | 2.06% |
| Return on Equity (%) | ▼ | 18.04% | -0.84 | 18.88% |
| Net Interest Margin (%) | ▲ | 4.80% | +0.06 | 4.74% |
| Efficiency Ratio (%) | ▲ | 45.54% | -1.32 | 46.86% |
| Pre-Provision Profit ($M) | ▲ | $16 | +2.45 | $13 |
| Cost of Funds (%) | ▲ | 1.30% | -0.16 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,284 | +336.74 | $1,947 |
| Gross Loans ($M) | ▲ | $1,550 | +288.15 | $1,262 |
| Loan Growth YoY (%) | ▲ | 76.64% | +4.49 | 72.15% |
| Total Deposits ($M) | ▲ | $1,994 | +270.46 | $1,723 |
| Shareholders Equity ($M) | ▲ | $275 | +66.88 | $208 |
| Tang. Book Value ($M) | ▲ | $216 | +42.35 | $173 |
| TBV excl. AOCI ($M)** | ▲ | $231 | +51.14 | $180 |
| Loan / Deposit Ratio (%) | ▲ | 76.64% | +4.49 | 72.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.13 | 0.52% |
| Allowance / Loans (%) | — | 1.45% | -0.05% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.57% | -0.23 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.73% | +0.82 | 12.90% |
Noninterest income ($4.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▁▃▄▁▂ | Net Interest Margin (%) | 5.16% | 5.15% | 4.68% | 4.74% | 4.86% | 4.91% | 4.74% | 4.80% |
| ██▂▄▁▅▃▅ | Return on Assets (%) | 2.15% | 2.13% | 2.02% | 2.06% | 1.98% | 2.07% | 2.04% | 2.07% |
| ▇█▆▇▁▁▃▄ | Efficiency Ratio (%) | 46.8% | 47.4% | 46.6% | 46.9% | 44.7% | 44.4% | 45.3% | 45.5% |
| ▇▇▄▄█▄▂▁ | Cost of Funds (%) | 1.60% | 1.63% | 1.46% | 1.47% | 1.68% | 1.46% | 1.36% | 1.30% |
| ▁▃▆█▃▃▃▅ | NPA / Assets (%) | 0.25% | 0.33% | 0.42% | 0.52% | 0.34% | 0.34% | 0.35% | 0.39% |
| ▁▃▆█▃▃▃▄ | Net Charge-Off Ratio (%) | 0.38% | 0.50% | 0.65% | 0.80% | 0.51% | 0.49% | 0.51% | 0.57% |
| ▂▃▁▁█▃▄▅ | Tang. Book Value ($M) | $182 | $190 | $163 | $173 | $255 | $193 | $204 | $216 |
| ▁▁▁▁████ | Gross Loans ($M) | $1,279 | $1,246 | $1,262 | $1,262 | $1,538 | $1,563 | $1,568 | $1,550 |
| ▁▁▂▂████ | Total Deposits ($M) | $1,657 | $1,659 | $1,719 | $1,723 | $2,000 | $2,031 | $2,018 | $1,994 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 9% |