Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.10 | 0.70% |
| Return on Equity (%) | ▲ | 12.83% | +0.29 | 12.54% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.12 | 3.00% |
| Efficiency Ratio (%) | ▲ | 75.99% | -0.65 | 76.64% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.67 | $3 |
| Cost of Funds (%) | ▲ | 2.13% | -0.07 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,558 | +78.68 | $1,479 |
| Gross Loans ($M) | ▲ | $1,124 | +10.12 | $1,114 |
| Loan Growth YoY (%) | ▲ | 101.42% | +1.59 | 99.83% |
| Total Deposits ($M) | ▼ | $1,100 | -7.51 | $1,108 |
| Shareholders Equity ($M) | ▲ | $106 | +19.55 | $87 |
| Tang. Book Value ($M) | ▲ | $102 | +19.46 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +22.74 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 101.42% | +1.59 | 99.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.97% | -0.06 | 1.03% |
| Allowance / Loans (%) | — | 0.75% | 0.00% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 1.35% | -0.02 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.81% | +1.12 | 11.69% |
Noninterest income ($3.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆▆█ | Net Interest Margin (%) | 2.81% | 2.86% | 2.93% | 3.00% | 3.04% | 3.04% | 3.02% | 3.12% |
| ▁▃▅▅█▇██ | Return on Assets (%) | 0.59% | 0.66% | 0.71% | 0.70% | 0.78% | 0.77% | 0.80% | 0.80% |
| █▄▃█▁▃▆▆ | Efficiency Ratio (%) | 76.9% | 75.3% | 75.0% | 76.6% | 74.3% | 75.0% | 75.9% | 76.0% |
| ▁▄▃█▁▃▁▆ | Cost of Funds (%) | 2.01% | 2.10% | 2.07% | 2.20% | 2.01% | 2.05% | 1.99% | 2.13% |
| ▁▁██▇▇▇█ | NPA / Assets (%) | 0.13% | 0.12% | 0.98% | 1.03% | 0.86% | 0.85% | 0.82% | 0.97% |
| ▁▁██▇▇▇█ | Net Charge-Off Ratio (%) | 0.17% | 0.16% | 1.28% | 1.37% | 1.14% | 1.17% | 1.13% | 1.35% |
| ▂▁▂▂▄▅▅█ | Tang. Book Value ($M) | $84 | $79 | $82 | $83 | $89 | $93 | $92 | $102 |
| ▂▆▇▁███▂ | Gross Loans ($M) | $1,128 | $1,163 | $1,167 | $1,114 | $1,181 | $1,181 | $1,183 | $1,124 |
| ▆▅▆▁▇██▁ | Total Deposits ($M) | $1,177 | $1,171 | $1,185 | $1,108 | $1,194 | $1,218 | $1,204 | $1,100 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |