Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.26 | 0.94% |
| Return on Equity (%) | ▲ | 11.77% | +3.12 | 8.65% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.20 | 3.55% |
| Efficiency Ratio (%) | ▲ | 59.55% | -9.81 | 69.36% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.46 | $4 |
| Cost of Funds (%) | ▼ | 1.68% | +0.10 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,415 | +235.79 | $1,179 |
| Gross Loans ($M) | ▲ | $894 | +144.52 | $749 |
| Loan Growth YoY (%) | ▲ | 80.84% | +5.56 | 75.28% |
| Total Deposits ($M) | ▲ | $1,093 | +109.54 | $984 |
| Shareholders Equity ($M) | ▲ | $142 | +12.07 | $130 |
| Tang. Book Value ($M) | ▲ | $119 | +12.20 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +13.87 | $122 |
| Loan / Deposit Ratio (%) | ▲ | 80.84% | +5.56 | 75.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.02 | 0.07% |
| Allowance / Loans (%) | — | 1.11% | -0.05% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.03 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.34% | -1.48 | 13.82% |
Noninterest income ($1.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆██ | Net Interest Margin (%) | 3.36% | 3.41% | 3.47% | 3.55% | 3.59% | 3.62% | 3.71% | 3.75% |
| ▁▁▁▂▃▃▅█ | Return on Assets (%) | 0.92% | 0.90% | 0.90% | 0.94% | 1.00% | 1.01% | 1.06% | 1.20% |
| ████▇▆▃▁ | Efficiency Ratio (%) | 69.2% | 69.9% | 70.4% | 69.4% | 67.8% | 66.8% | 62.8% | 59.6% |
| ▇▁▁▂▃▁▄█ | Cost of Funds (%) | 1.65% | 1.56% | 1.56% | 1.58% | 1.59% | 1.55% | 1.61% | 1.68% |
| █▅▃▅█▁▇▁ | NPA / Assets (%) | 0.09% | 0.07% | 0.06% | 0.07% | 0.09% | 0.05% | 0.08% | 0.05% |
| █▅▃▄█▁▆▁ | Net Charge-Off Ratio (%) | 0.14% | 0.11% | 0.10% | 0.11% | 0.14% | 0.08% | 0.12% | 0.08% |
| ▃▁▂▃▅▆▆█ | Tang. Book Value ($M) | $106 | $100 | $103 | $106 | $110 | $114 | $113 | $119 |
| ▁▁▁▂▂▅▇█ | Gross Loans ($M) | $724 | $735 | $736 | $749 | $761 | $830 | $867 | $894 |
| ▁▁▃▃▃▂▅█ | Total Deposits ($M) | $935 | $944 | $994 | $984 | $977 | $974 | $1,030 | $1,093 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |