Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.10 | 1.04% |
| Return on Equity (%) | ▲ | 13.23% | +0.09 | 13.14% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.22 | 2.89% |
| Efficiency Ratio (%) | ▲ | 58.23% | -2.56 | 60.79% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.70 | $9 |
| Cost of Funds (%) | ▲ | 1.48% | -0.28 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,971 | +275.32 | $2,696 |
| Gross Loans ($M) | ▲ | $2,089 | +251.43 | $1,838 |
| Loan Growth YoY (%) | ▲ | 80.80% | +6.17 | 74.63% |
| Total Deposits ($M) | ▲ | $2,559 | +123.43 | $2,436 |
| Shareholders Equity ($M) | ▲ | $253 | +35.01 | $218 |
| Tang. Book Value ($M) | ▲ | $232 | +35.56 | $196 |
| TBV excl. AOCI ($M)** | ▲ | $257 | +33.72 | $223 |
| Loan / Deposit Ratio (%) | ▲ | 80.80% | +6.17 | 74.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.07 | 0.13% |
| Allowance / Loans (%) | — | 1.02% | -0.07% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.08 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.16% | -0.40 | 13.55% |
Noninterest income ($5.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.65% | 2.69% | 2.83% | 2.89% | 2.92% | 2.97% | 3.08% | 3.11% |
| ▁▁▄▆▆███ | Return on Assets (%) | 0.87% | 0.90% | 0.98% | 1.04% | 1.07% | 1.10% | 1.13% | 1.13% |
| ██▄▄▃▃▁▁ | Efficiency Ratio (%) | 65.4% | 65.3% | 61.0% | 60.8% | 60.5% | 59.9% | 57.9% | 58.2% |
| ██▅▇█▆▂▁ | Cost of Funds (%) | 1.82% | 1.81% | 1.66% | 1.76% | 1.79% | 1.72% | 1.55% | 1.48% |
| ██▆▃▂▁▁▁ | NPA / Assets (%) | 0.29% | 0.30% | 0.23% | 0.13% | 0.11% | 0.08% | 0.09% | 0.06% |
| ██▇▃▂▁▁▁ | Net Charge-Off Ratio (%) | 0.40% | 0.41% | 0.33% | 0.17% | 0.14% | 0.10% | 0.12% | 0.08% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $184 | $181 | $189 | $196 | $208 | $217 | $223 | $232 |
| ▁▁▁▂▄▄▇█ | Gross Loans ($M) | $1,796 | $1,801 | $1,818 | $1,838 | $1,915 | $1,912 | $2,024 | $2,089 |
| ▁▁▄▄▅▅██ | Total Deposits ($M) | $2,344 | $2,342 | $2,459 | $2,436 | $2,467 | $2,468 | $2,577 | $2,559 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |