Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.14 | 1.12% |
| Return on Equity (%) | ▲ | 11.04% | +0.32 | 10.72% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.17 | 4.37% |
| Efficiency Ratio (%) | ▲ | 64.72% | -1.40 | 66.11% |
| Pre-Provision Profit ($M) | ▲ | $14 | +1.06 | $13 |
| Cost of Funds (%) | ▲ | 1.46% | -0.07 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,788 | +123.91 | $2,664 |
| Gross Loans ($M) | ▲ | $2,159 | +123.16 | $2,036 |
| Loan Growth YoY (%) | ▲ | 89.03% | +0.74 | 88.29% |
| Total Deposits ($M) | ▲ | $2,381 | +119.56 | $2,261 |
| Shareholders Equity ($M) | ▲ | $326 | +29.26 | $297 |
| Tang. Book Value ($M) | ▲ | $300 | +29.42 | $271 |
| TBV excl. AOCI ($M)** | ▲ | $323 | +30.40 | $293 |
| Loan / Deposit Ratio (%) | ▲ | 89.03% | +0.74 | 88.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.05 | 0.12% |
| Allowance / Loans (%) | — | 1.84% | -0.11% | 1.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.00 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.54% | -0.04 | 13.58% |
Noninterest income ($8.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▃▅▅▅█ | Net Interest Margin (%) | 4.31% | 4.33% | 4.29% | 4.37% | 4.43% | 4.45% | 4.45% | 4.55% |
| ▁▂▂▆▆▆▆█ | Return on Assets (%) | 0.86% | 0.91% | 0.94% | 1.12% | 1.16% | 1.15% | 1.14% | 1.27% |
| █▇▇▃▂▁▁▁ | Efficiency Ratio (%) | 69.1% | 68.1% | 68.3% | 66.1% | 65.4% | 65.1% | 64.9% | 64.7% |
| ██▅▃▄▄▁▁ | Cost of Funds (%) | 1.71% | 1.69% | 1.60% | 1.52% | 1.56% | 1.56% | 1.48% | 1.46% |
| ▂▄█▆█▇▁▁ | NPA / Assets (%) | 0.09% | 0.11% | 0.14% | 0.12% | 0.14% | 0.13% | 0.08% | 0.07% |
| ▅▁▇▄█▅▅▄ | Net Charge-Off Ratio (%) | 0.10% | 0.07% | 0.12% | 0.09% | 0.13% | 0.10% | 0.10% | 0.09% |
| ▁▁▂▅▆▇▇█ | Tang. Book Value ($M) | $232 | $230 | $241 | $271 | $282 | $289 | $291 | $300 |
| ▁▁▂▄▄▆▇█ | Gross Loans ($M) | $1,954 | $1,941 | $1,970 | $2,036 | $2,040 | $2,094 | $2,131 | $2,159 |
| ▁▂▃▄▅▇██ | Total Deposits ($M) | $2,146 | $2,182 | $2,225 | $2,261 | $2,306 | $2,355 | $2,410 | $2,381 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 3% |
| Consumer | 22% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 14% |