Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.74 | 0.61% |
| Return on Equity (%) | ▲ | 10.24% | +5.49 | 4.75% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.20 | 3.11% |
| Efficiency Ratio (%) | ▲ | 86.51% | -7.35 | 93.86% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.01 | $1 |
| Cost of Funds (%) | ▲ | 1.31% | -0.09 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $934 | +51.98 | $882 |
| Gross Loans ($M) | ▲ | $655 | +20.11 | $635 |
| Loan Growth YoY (%) | ▼ | 86.06% | -3.42 | 89.48% |
| Total Deposits ($M) | ▲ | $753 | +51.34 | $702 |
| Shareholders Equity ($M) | ▲ | $127 | +10.94 | $116 |
| Tang. Book Value ($M) | ▲ | $113 | +11.04 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +12.62 | $107 |
| Loan / Deposit Ratio (%) | ▼ | 86.06% | -3.42 | 89.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.12 | 0.95% |
| Allowance / Loans (%) | — | 1.08% | -0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.29 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.67% | +0.32 | 19.35% |
Noninterest income ($2.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅▆█ | Net Interest Margin (%) | 2.99% | 3.02% | 3.09% | 3.11% | 3.14% | 3.16% | 3.22% | 3.31% |
| ▆▅▁▄▅▅▃█ | Return on Assets (%) | 0.95% | 0.81% | 0.04% | 0.61% | 0.74% | 0.72% | 0.45% | 1.35% |
| ████▆▆▄▁ | Efficiency Ratio (%) | 94.2% | 94.0% | 94.2% | 93.9% | 92.2% | 91.8% | 89.9% | 86.5% |
| ▃▃▆█▆▃▁▁ | Cost of Funds (%) | 1.33% | 1.34% | 1.36% | 1.40% | 1.37% | 1.33% | 1.31% | 1.31% |
| █▅▃▁▂▄▆▅ | NPA / Assets (%) | 1.14% | 1.07% | 1.00% | 0.95% | 1.00% | 1.02% | 1.08% | 1.07% |
| █▂▁▁▂▃▃▃ | Net Charge-Off Ratio (%) | 1.37% | 0.56% | 0.47% | 0.43% | 0.58% | 0.67% | 0.72% | 0.71% |
| ▁▁▁▃▄▅▆█ | Tang. Book Value ($M) | $99 | $97 | $99 | $102 | $105 | $106 | $107 | $113 |
| ▁▅▁▃▄▇██ | Gross Loans ($M) | $626 | $643 | $628 | $635 | $638 | $652 | $658 | $655 |
| ▁▃▁▁▄█▆▇ | Total Deposits ($M) | $697 | $717 | $702 | $702 | $722 | $762 | $743 | $753 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |