Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.14% | +0.94 | -1.08% |
| Return on Equity (%) | ▲ | -1.07% | +9.84 | -10.91% |
| Net Interest Margin (%) | ▲ | 3.90% | +1.40 | 2.50% |
| Efficiency Ratio (%) | ▲ | 105.44% | -14.41 | 119.85% |
| Pre-Provision Profit ($M) | ▲ | $-2 | +4.44 | $-6 |
| Cost of Funds (%) | ▲ | 1.79% | -0.94 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,189 | -270.73 | $1,459 |
| Gross Loans ($M) | ▼ | $900 | -50.86 | $951 |
| Loan Growth YoY (%) | ▲ | 90.57% | +8.58 | 81.99% |
| Total Deposits ($M) | ▼ | $981 | -159.90 | $1,141 |
| Shareholders Equity ($M) | ▲ | $161 | +5.13 | $156 |
| Tang. Book Value ($M) | ▲ | $157 | +4.97 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +2.14 | $160 |
| Loan / Deposit Ratio (%) | ▲ | 90.57% | +8.58 | 81.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.47% | +1.01 | 0.46% |
| Allowance / Loans (%) | — | 1.27% | -0.35% | 1.62% |
| Net Charge-Off Ratio (%) | ▼ | 1.88% | +1.22 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.72% | +3.32 | 14.40% |
Noninterest income ($14.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃██ | Net Interest Margin (%) | 2.36% | 2.32% | 2.25% | 2.50% | 2.66% | 2.84% | 3.75% | 3.90% |
| ██▁▁▁▅▅▅ | Return on Assets (%) | 0.75% | 0.63% | -1.01% | -1.08% | -1.21% | -0.20% | -0.14% | -0.14% |
| ▁▁▇██▄▄▅ | Efficiency Ratio (%) | 87.4% | 89.4% | 117.1% | 119.9% | 122.6% | 104.4% | 104.2% | 105.4% |
| █▅▆▅▆▃▁▁ | Cost of Funds (%) | 3.42% | 2.77% | 2.82% | 2.73% | 2.84% | 2.31% | 1.91% | 1.79% |
| ▁▂▁▁▁▃▄█ | NPA / Assets (%) | 0.42% | 0.52% | 0.46% | 0.46% | 0.34% | 0.64% | 0.78% | 1.47% |
| ▂▃▂▂▁▃▃█ | Net Charge-Off Ratio (%) | 0.66% | 0.90% | 0.71% | 0.67% | 0.44% | 0.84% | 0.96% | 1.88% |
| ██▆▃▁▇▇▆ | Tang. Book Value ($M) | $160 | $161 | $157 | $152 | $147 | $158 | $158 | $157 |
| ██▅▃▃▁▁▁ | Gross Loans ($M) | $1,055 | $1,040 | $980 | $951 | $942 | $889 | $898 | $900 |
| ▅█▅▄▃▃▁▁ | Total Deposits ($M) | $1,181 | $1,331 | $1,198 | $1,141 | $1,069 | $1,072 | $997 | $981 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 26% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 31% |
| Brokered / Other | 32% |