Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.26 | 0.54% |
| Return on Equity (%) | ▲ | 15.19% | +1.92 | 13.27% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.36 | 2.97% |
| Efficiency Ratio (%) | ▲ | 70.91% | -5.05 | 75.96% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.77 | $3 |
| Cost of Funds (%) | ▲ | 1.52% | -0.12 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,556 | -84.64 | $1,640 |
| Gross Loans ($M) | ▲ | $894 | +75.99 | $818 |
| Loan Growth YoY (%) | ▲ | 67.11% | +3.12 | 63.99% |
| Total Deposits ($M) | ▲ | $1,318 | +52.60 | $1,266 |
| Shareholders Equity ($M) | ▲ | $87 | +22.22 | $65 |
| Tang. Book Value ($M) | ▲ | $74 | +22.33 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +18.93 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 67.11% | +3.12 | 63.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.07 | 0.45% |
| Allowance / Loans (%) | — | 1.06% | 0.06% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.30 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.38% | +0.38 | 12.00% |
Noninterest income ($4.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 2.66% | 2.71% | 2.96% | 2.97% | 3.00% | 3.08% | 3.30% | 3.33% |
| ▁▁▂▂▃▃▆█ | Return on Assets (%) | 0.48% | 0.47% | 0.55% | 0.54% | 0.58% | 0.59% | 0.68% | 0.80% |
| ▆█████▃▁ | Efficiency Ratio (%) | 74.4% | 75.7% | 75.6% | 76.0% | 75.6% | 75.9% | 72.2% | 70.9% |
| █▆▄▂▃▃▁▁ | Cost of Funds (%) | 2.20% | 2.02% | 1.78% | 1.64% | 1.73% | 1.76% | 1.56% | 1.52% |
| ▂▁▁██▃▆▃ | NPA / Assets (%) | 0.35% | 0.33% | 0.34% | 0.45% | 0.45% | 0.37% | 0.40% | 0.37% |
| ▄▂▂█▅▁▃▁ | Net Charge-Off Ratio (%) | 0.59% | 0.50% | 0.52% | 0.77% | 0.62% | 0.45% | 0.54% | 0.47% |
| ▁▁▁▁▃▅▆█ | Tang. Book Value ($M) | $52 | $50 | $52 | $51 | $58 | $62 | $67 | $74 |
| ▁▃▅▅▆▆▆█ | Gross Loans ($M) | $712 | $766 | $804 | $818 | $831 | $842 | $846 | $894 |
| ▁▁▅▆▄███ | Total Deposits ($M) | $1,093 | $1,072 | $1,231 | $1,266 | $1,183 | $1,338 | $1,346 | $1,318 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |