Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.15 | 0.93% |
| Return on Equity (%) | ▲ | 11.21% | +1.82 | 9.39% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.02 | 4.34% |
| Efficiency Ratio (%) | ▲ | 85.11% | -3.14 | 88.25% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.22 | $4 |
| Cost of Funds (%) | ▲ | 1.87% | -0.03 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,242 | +138.95 | $1,103 |
| Gross Loans ($M) | ▲ | $1,095 | +110.06 | $985 |
| Loan Growth YoY (%) | ▼ | 102.73% | -8.78 | 111.50% |
| Total Deposits ($M) | ▲ | $1,061 | +182.40 | $879 |
| Shareholders Equity ($M) | ▲ | $133 | +16.30 | $116 |
| Tang. Book Value ($M) | ▲ | $81 | +9.64 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +9.83 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 102.73% | -8.78 | 111.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.05 | 0.36% |
| Allowance / Loans (%) | — | 0.42% | -0.06% | 0.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.04 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($22.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▁▂▄▆▂▃ | Net Interest Margin (%) | 4.42% | 4.50% | 4.30% | 4.34% | 4.40% | 4.43% | 4.34% | 4.36% |
| ██▁▅▇▇▂▆ | Return on Assets (%) | 1.23% | 1.29% | 0.55% | 0.93% | 1.11% | 1.13% | 0.69% | 1.08% |
| ▁▁█▅▃▄▇▂ | Efficiency Ratio (%) | 83.4% | 83.6% | 91.8% | 88.2% | 86.2% | 86.6% | 90.2% | 85.1% |
| ▁▃▇▃▆██▂ | Cost of Funds (%) | 1.81% | 1.90% | 2.01% | 1.89% | 1.97% | 2.06% | 2.04% | 1.87% |
| █▁▁▂▃▃▃▂ | NPA / Assets (%) | 1.24% | 0.13% | 0.16% | 0.36% | 0.49% | 0.43% | 0.42% | 0.41% |
| █▁▁▂▃▂▂▂ | Net Charge-Off Ratio (%) | 1.36% | 0.15% | 0.18% | 0.37% | 0.49% | 0.43% | 0.43% | 0.41% |
| ▁▁▁▂████ | Tang. Book Value ($M) | $69 | $69 | $69 | $72 | $81 | $81 | $80 | $81 |
| ▁▁▂▅▆▅▅█ | Gross Loans ($M) | $850 | $842 | $882 | $985 | $1,010 | $991 | $998 | $1,095 |
| ▃▁▃▄▅▄▆█ | Total Deposits ($M) | $817 | $731 | $823 | $879 | $911 | $894 | $968 | $1,061 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 1% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 50% |
| Interest-Bearing (core) | 22% |
| Brokered / Other | 28% |