Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.39 | 0.32% |
| Return on Equity (%) | ▲ | 7.33% | +3.73 | 3.60% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.50 | 2.58% |
| Efficiency Ratio (%) | ▲ | 73.51% | -12.87 | 86.38% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.15 | $2 |
| Cost of Funds (%) | ▲ | 1.34% | -0.23 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,577 | +15.84 | $1,561 |
| Gross Loans ($M) | ▲ | $1,154 | +48.80 | $1,105 |
| Loan Growth YoY (%) | ▲ | 86.04% | +0.46 | 85.58% |
| Total Deposits ($M) | ▲ | $1,330 | +48.55 | $1,281 |
| Shareholders Equity ($M) | ▲ | $157 | +14.13 | $143 |
| Tang. Book Value ($M) | ▲ | $157 | +14.03 | $143 |
| TBV excl. AOCI ($M)** | ▲ | $172 | +11.74 | $160 |
| Loan / Deposit Ratio (%) | ▲ | 86.04% | +0.46 | 85.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.09 | 0.48% |
| Allowance / Loans (%) | — | 0.88% | 0.07% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.15 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▇█ | Net Interest Margin (%) | 2.39% | 2.41% | 2.55% | 2.58% | 2.65% | 2.72% | 2.99% | 3.09% |
| ▂▂▁▂▃▃▇█ | Return on Assets (%) | 0.29% | 0.31% | 0.23% | 0.32% | 0.37% | 0.40% | 0.60% | 0.71% |
| ███▇▆▅▂▁ | Efficiency Ratio (%) | 89.9% | 88.8% | 89.7% | 86.4% | 84.7% | 82.6% | 76.8% | 73.5% |
| █▆▇▆▇▅▂▁ | Cost of Funds (%) | 1.65% | 1.57% | 1.59% | 1.57% | 1.59% | 1.51% | 1.38% | 1.34% |
| ▁▄▆▇█▆▅▅ | NPA / Assets (%) | 0.14% | 0.34% | 0.45% | 0.48% | 0.57% | 0.42% | 0.40% | 0.38% |
| ▁▄▆▇█▆▅▅ | Net Charge-Off Ratio (%) | 0.19% | 0.49% | 0.63% | 0.67% | 0.79% | 0.58% | 0.55% | 0.52% |
| ▂▁▂▄▅▇▇█ | Tang. Book Value ($M) | $137 | $133 | $139 | $143 | $148 | $152 | $153 | $157 |
| ▁▂▁▂▇█▇█ | Gross Loans ($M) | $1,092 | $1,101 | $1,098 | $1,105 | $1,143 | $1,147 | $1,145 | $1,154 |
| ▁▁▃▃▇█▆▆ | Total Deposits ($M) | $1,238 | $1,234 | $1,282 | $1,281 | $1,344 | $1,363 | $1,327 | $1,330 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |