Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.21% | -0.35 | 1.56% |
| Return on Equity (%) | ▼ | 13.18% | -3.54 | 16.72% |
| Net Interest Margin (%) | ▼ | 7.60% | -0.53 | 8.13% |
| Efficiency Ratio (%) | ▼ | 86.70% | +0.34 | 86.36% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.14 | $6 |
| Cost of Funds (%) | ▲ | 2.22% | -0.21 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,076 | +195.65 | $880 |
| Gross Loans ($M) | ▲ | $821 | +133.39 | $687 |
| Loan Growth YoY (%) | ▲ | 119.44% | +1.05 | 118.39% |
| Total Deposits ($M) | ▲ | $680 | +105.66 | $574 |
| Shareholders Equity ($M) | ▲ | $95 | +13.47 | $82 |
| Tang. Book Value ($M) | ▲ | $94 | +21.89 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +20.69 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 119.44% | +1.05 | 118.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.09 | 0.09% |
| Allowance / Loans (%) | — | 1.05% | -0.04% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.17 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.23% | -0.43 | 12.66% |
Noninterest income ($23.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▃██▇▁▃ | Net Interest Margin (%) | 7.84% | 8.13% | 7.58% | 8.13% | 8.21% | 8.06% | 7.27% | 7.60% |
| ▆▅▄▇█▇▁▄ | Return on Assets (%) | 1.37% | 1.35% | 1.14% | 1.56% | 1.68% | 1.51% | 0.80% | 1.21% |
| ▄▆█▂▁▄▄▃ | Efficiency Ratio (%) | 87.1% | 87.5% | 88.4% | 86.4% | 85.9% | 87.0% | 86.9% | 86.7% |
| ██▅▄▆▃▂▁ | Cost of Funds (%) | 2.71% | 2.71% | 2.49% | 2.42% | 2.53% | 2.40% | 2.32% | 2.22% |
| ▂▄▄▂▁█▇▄ | NPA / Assets (%) | 0.12% | 0.19% | 0.19% | 0.09% | 0.03% | 0.43% | 0.35% | 0.19% |
| ▃▃▃▂▁█▇▄ | Net Charge-Off Ratio (%) | 0.17% | 0.21% | 0.20% | 0.08% | 0.00% | 0.55% | 0.44% | 0.25% |
| ▁▁▁▃▃▆▇█ | Tang. Book Value ($M) | $64 | $65 | $68 | $72 | $75 | $87 | $90 | $94 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $563 | $600 | $612 | $687 | $695 | $739 | $769 | $821 |
| ▁▁▁▃▃▄▄█ | Total Deposits ($M) | $540 | $545 | $534 | $574 | $588 | $606 | $603 | $680 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 23% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |