Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.23 | 0.85% |
| Return on Equity (%) | ▲ | 8.88% | +1.59 | 7.29% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.26 | 3.77% |
| Efficiency Ratio (%) | ▲ | 56.88% | -10.00 | 66.88% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.03 | $4 |
| Cost of Funds (%) | ▲ | 1.65% | -0.19 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,350 | -22.53 | $1,373 |
| Gross Loans ($M) | ▼ | $943 | -16.40 | $959 |
| Loan Growth YoY (%) | ▲ | 83.33% | +3.44 | 79.89% |
| Total Deposits ($M) | ▼ | $1,112 | -71.76 | $1,184 |
| Shareholders Equity ($M) | ▲ | $171 | +9.10 | $162 |
| Tang. Book Value ($M) | ▲ | $149 | +10.94 | $138 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +8.20 | $154 |
| Loan / Deposit Ratio (%) | ▲ | 83.33% | +3.44 | 79.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.97% | -0.02 | 0.99% |
| Allowance / Loans (%) | — | 1.67% | 0.31% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 1.31% | +0.29 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.15% | +1.22 | 12.93% |
Noninterest income ($2.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▃▅▆██ | Net Interest Margin (%) | 3.62% | 3.68% | 3.77% | 3.77% | 3.83% | 3.90% | 4.00% | 4.02% |
| ▄▅▅▅▄▁██ | Return on Assets (%) | 0.78% | 0.85% | 0.83% | 0.85% | 0.79% | 0.55% | 1.08% | 1.08% |
| ████▆▄▁▁ | Efficiency Ratio (%) | 68.1% | 67.0% | 67.9% | 66.9% | 64.3% | 61.9% | 57.7% | 56.9% |
| █▆▁▅▂▄▂▁ | Cost of Funds (%) | 1.99% | 1.89% | 1.66% | 1.84% | 1.71% | 1.80% | 1.72% | 1.65% |
| ▅▇▅█▆▁▄█ | NPA / Assets (%) | 0.78% | 0.88% | 0.74% | 0.99% | 0.78% | 0.42% | 0.67% | 0.97% |
| ▅▇▇▆▃▁▄█ | Net Charge-Off Ratio (%) | 1.00% | 1.15% | 1.10% | 1.02% | 0.75% | 0.47% | 0.87% | 1.31% |
| ▁▁▃▄▆▆▇█ | Tang. Book Value ($M) | $128 | $131 | $135 | $138 | $142 | $142 | $146 | $149 |
| ▃▁▂▄█▆▄▃ | Gross Loans ($M) | $941 | $915 | $933 | $959 | $1,008 | $980 | $954 | $943 |
| ▅▂█▆▆▃▃▁ | Total Deposits ($M) | $1,164 | $1,131 | $1,212 | $1,184 | $1,183 | $1,146 | $1,148 | $1,112 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 26% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 13% |