Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.10% | -0.24 | 1.34% |
| Return on Equity (%) | ▼ | 9.67% | -2.35 | 12.02% |
| Net Interest Margin (%) | ▼ | 3.17% | -0.13 | 3.30% |
| Efficiency Ratio (%) | ▼ | 60.49% | +2.42 | 58.06% |
| Pre-Provision Profit ($M) | ▼ | $9 | -0.61 | $10 |
| Cost of Funds (%) | ▲ | 1.39% | -0.03 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,317 | +125.31 | $2,192 |
| Gross Loans ($M) | ▲ | $1,033 | +61.19 | $972 |
| Loan Growth YoY (%) | ▼ | 52.06% | -0.15 | 52.21% |
| Total Deposits ($M) | ▲ | $1,963 | +123.59 | $1,839 |
| Shareholders Equity ($M) | ▲ | $258 | +8.58 | $249 |
| Tang. Book Value ($M) | ▲ | $246 | +8.63 | $237 |
| TBV excl. AOCI ($M)** | ▲ | $294 | +10.72 | $283 |
| Loan / Deposit Ratio (%) | ▼ | 52.06% | -0.15 | 52.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Allowance / Loans (%) | — | 1.12% | -0.12% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.08 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▇▇██▁▃ | Net Interest Margin (%) | 3.26% | 3.26% | 3.28% | 3.30% | 3.31% | 3.33% | 3.11% | 3.17% |
| ██▅███▁▃ | Return on Assets (%) | 1.36% | 1.35% | 1.21% | 1.34% | 1.36% | 1.33% | 1.01% | 1.10% |
| ▁▁▇▂▁▁█▆ | Efficiency Ratio (%) | 57.2% | 57.1% | 60.7% | 58.1% | 57.2% | 57.0% | 61.9% | 60.5% |
| █▅▂▂▅▆▁▁ | Cost of Funds (%) | 1.53% | 1.47% | 1.42% | 1.42% | 1.48% | 1.48% | 1.39% | 1.39% |
| ▁▃▃▆█▇▅▂ | NPA / Assets (%) | 0.14% | 0.17% | 0.17% | 0.20% | 0.22% | 0.20% | 0.19% | 0.16% |
| ▁▃▃▆█▇▆▃ | Net Charge-Off Ratio (%) | 0.29% | 0.36% | 0.36% | 0.43% | 0.51% | 0.47% | 0.43% | 0.35% |
| ▁▁▂▄▆█▆▆ | Tang. Book Value ($M) | $220 | $219 | $228 | $237 | $250 | $260 | $247 | $246 |
| ▅▁▂▂▂▁▂█ | Gross Loans ($M) | $998 | $962 | $967 | $972 | $965 | $953 | $972 | $1,033 |
| ▁▁▁▁▅▅▇█ | Total Deposits ($M) | $1,825 | $1,838 | $1,830 | $1,839 | $1,897 | $1,901 | $1,943 | $1,963 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 14% |
| Consumer | 22% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |