Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.23% | +0.08 | 2.15% |
| Return on Equity (%) | ▲ | 15.29% | +0.23 | 15.06% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.15 | 3.99% |
| Efficiency Ratio (%) | ▼ | 36.19% | +0.13 | 36.06% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.30 | $10 |
| Cost of Funds (%) | ▲ | 1.33% | -0.27 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,326 | +18.31 | $1,308 |
| Gross Loans ($M) | ▲ | $1,053 | +5.32 | $1,047 |
| Loan Growth YoY (%) | ▼ | 93.08% | -1.06 | 94.15% |
| Total Deposits ($M) | ▲ | $1,116 | +17.91 | $1,098 |
| Shareholders Equity ($M) | ▼ | $194 | -6.91 | $201 |
| Tang. Book Value ($M) | ▼ | $194 | -6.91 | $201 |
| TBV excl. AOCI ($M)** | ▼ | $197 | -7.45 | $204 |
| Loan / Deposit Ratio (%) | ▼ | 93.08% | -1.06 | 94.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.13 | 0.26% |
| Allowance / Loans (%) | — | 1.32% | 0.02% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.17 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.16% | -0.68 | 17.85% |
Noninterest income ($2.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇▇█▇▇█ | Net Interest Margin (%) | 3.44% | 3.49% | 3.99% | 3.99% | 4.05% | 4.01% | 4.01% | 4.13% |
| ▃▁▆▇████ | Return on Assets (%) | 1.83% | 1.62% | 2.01% | 2.15% | 2.18% | 2.15% | 2.20% | 2.23% |
| ▅█▂▁▁▁▁▁ | Efficiency Ratio (%) | 41.1% | 46.0% | 38.3% | 36.1% | 36.9% | 37.2% | 37.0% | 36.2% |
| █▄▅▄▄▁▁▁ | Cost of Funds (%) | 1.97% | 1.60% | 1.65% | 1.60% | 1.64% | 1.31% | 1.31% | 1.33% |
| ▁▁▁▄██▄▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.26% | 0.53% | 0.49% | 0.24% | 0.12% |
| ▁▁▁▄██▄▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.32% | 0.69% | 0.69% | 0.30% | 0.16% |
| ▁▁▂▇█▇▇▃ | Tang. Book Value ($M) | $191 | $190 | $193 | $201 | $204 | $201 | $201 | $194 |
| ▁▂█▅▃▁▄▆ | Gross Loans ($M) | $1,016 | $1,028 | $1,072 | $1,047 | $1,030 | $1,013 | $1,039 | $1,053 |
| ▂█▃▁▁█▁▂ | Total Deposits ($M) | $1,121 | $1,231 | $1,137 | $1,098 | $1,107 | $1,224 | $1,112 | $1,116 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 42% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 3% |