Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.17 | 0.99% |
| Return on Equity (%) | ▼ | 14.77% | -0.33 | 15.10% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.51 | 3.91% |
| Efficiency Ratio (%) | ▲ | 66.33% | -1.95 | 68.28% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.56 | $9 |
| Cost of Funds (%) | ▲ | 1.56% | -0.29 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,468 | +20.64 | $2,447 |
| Gross Loans ($M) | ▼ | $1,624 | -17.02 | $1,641 |
| Loan Growth YoY (%) | ▼ | 80.22% | -0.29 | 80.51% |
| Total Deposits ($M) | ▼ | $1,997 | -15.38 | $2,012 |
| Shareholders Equity ($M) | ▲ | $201 | +42.69 | $158 |
| Tang. Book Value ($M) | ▲ | $199 | +42.73 | $156 |
| TBV excl. AOCI ($M)** | ▲ | $231 | +44.17 | $186 |
| Loan / Deposit Ratio (%) | ▼ | 80.22% | -0.29 | 80.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.99% | -0.58 | 1.57% |
| Allowance / Loans (%) | — | 1.33% | 0.08% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 1.49% | -0.85 | 2.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.72% | +1.47 | 11.24% |
Noninterest income ($5.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▅█ | Net Interest Margin (%) | 3.80% | 3.80% | 3.80% | 3.91% | 3.92% | 4.01% | 4.12% | 4.42% |
| ▅▆▁▃▅▅▇█ | Return on Assets (%) | 1.06% | 1.07% | 0.89% | 0.99% | 1.04% | 1.04% | 1.10% | 1.16% |
| ███▅▃▄█▁ | Efficiency Ratio (%) | 69.8% | 69.8% | 70.0% | 68.3% | 67.7% | 67.9% | 69.7% | 66.3% |
| ██▆▆▇▆▂▁ | Cost of Funds (%) | 1.93% | 1.95% | 1.84% | 1.84% | 1.86% | 1.80% | 1.62% | 1.56% |
| ▁▂▂█▅▇▂▂ | NPA / Assets (%) | 0.83% | 0.93% | 0.95% | 1.57% | 1.21% | 1.39% | 0.99% | 0.99% |
| ▁▁▂█▅▇▂▂ | Net Charge-Off Ratio (%) | 1.27% | 1.38% | 1.41% | 2.34% | 1.84% | 2.11% | 1.49% | 1.49% |
| ▂▁▂▂▅▇▆█ | Tang. Book Value ($M) | $158 | $149 | $157 | $156 | $176 | $187 | $186 | $199 |
| ▁▂▄██▆▇▇ | Gross Loans ($M) | $1,519 | $1,543 | $1,570 | $1,641 | $1,644 | $1,611 | $1,628 | $1,624 |
| ▂▁▃▆█▆▆▆ | Total Deposits ($M) | $1,904 | $1,881 | $1,945 | $2,012 | $2,061 | $2,007 | $2,016 | $1,997 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |