Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.78% | -0.05 | 0.83% |
| Return on Equity (%) | ▼ | 9.37% | -0.69 | 10.06% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.10 | 3.42% |
| Efficiency Ratio (%) | ▲ | 72.59% | -0.17 | 72.76% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.16 | $3 |
| Cost of Funds (%) | ▼ | 2.07% | +0.02 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,110 | +69.98 | $1,040 |
| Gross Loans ($M) | ▲ | $908 | +51.64 | $857 |
| Loan Growth YoY (%) | ▲ | 100.40% | +0.34 | 100.07% |
| Total Deposits ($M) | ▲ | $895 | +47.00 | $848 |
| Shareholders Equity ($M) | ▲ | $91 | +7.20 | $84 |
| Tang. Book Value ($M) | ▲ | $85 | +7.49 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +7.42 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 100.40% | +0.34 | 100.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.21 | 0.39% |
| Allowance / Loans (%) | — | 1.10% | 0.12% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.08 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.97% | +0.20 | 10.77% |
Noninterest income ($3.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇████ | Net Interest Margin (%) | 3.04% | 3.10% | 3.34% | 3.42% | 3.47% | 3.47% | 3.49% | 3.51% |
| ▁▃█▇██▃▅ | Return on Assets (%) | 0.68% | 0.74% | 0.84% | 0.83% | 0.85% | 0.85% | 0.73% | 0.78% |
| █▆▄▁▁▁▁▁ | Efficiency Ratio (%) | 75.7% | 74.8% | 74.0% | 72.8% | 72.7% | 72.9% | 72.7% | 72.6% |
| █▆▁▂▃▃▁▂ | Cost of Funds (%) | 2.37% | 2.25% | 1.98% | 2.06% | 2.12% | 2.11% | 2.01% | 2.07% |
| ▁▂▁▄▂▆▇█ | NPA / Assets (%) | 0.27% | 0.30% | 0.25% | 0.39% | 0.32% | 0.50% | 0.51% | 0.60% |
| ▁▂▁▄▂██▇ | Net Charge-Off Ratio (%) | 0.34% | 0.37% | 0.31% | 0.47% | 0.39% | 0.61% | 0.62% | 0.55% |
| ▂▁▃▂▅▇▇█ | Tang. Book Value ($M) | $77 | $75 | $78 | $78 | $81 | $83 | $84 | $85 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $805 | $808 | $828 | $857 | $864 | $878 | $894 | $908 |
| ▁▁▅▅▃▅▆█ | Total Deposits ($M) | $781 | $787 | $846 | $848 | $816 | $843 | $859 | $895 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 9% |