Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.36 | 1.58% |
| Return on Equity (%) | ▲ | 15.27% | +3.22 | 12.05% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.37 | 4.08% |
| Efficiency Ratio (%) | ▲ | 55.76% | -6.79 | 62.55% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.92 | $7 |
| Cost of Funds (%) | ▲ | 2.16% | -0.16 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,424 | +99.42 | $1,324 |
| Gross Loans ($M) | ▲ | $1,141 | +101.88 | $1,039 |
| Loan Growth YoY (%) | ▲ | 94.90% | +2.88 | 92.02% |
| Total Deposits ($M) | ▲ | $1,192 | +73.93 | $1,118 |
| Shareholders Equity ($M) | ▲ | $184 | +10.67 | $173 |
| Tang. Book Value ($M) | ▲ | $173 | +10.21 | $163 |
| TBV excl. AOCI ($M)** | ▲ | $183 | +10.16 | $173 |
| Loan / Deposit Ratio (%) | ▲ | 94.90% | +2.88 | 92.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.27 | 0.65% |
| Allowance / Loans (%) | — | 0.90% | -0.13% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 1.14% | +0.32 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.20% | -0.70 | 14.89% |
Noninterest income ($5.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▂▄▅▇█ | Net Interest Margin (%) | 4.13% | 4.15% | 3.98% | 4.08% | 4.17% | 4.25% | 4.35% | 4.45% |
| ▅▄▁▁▄▆▆█ | Return on Assets (%) | 1.80% | 1.72% | 1.60% | 1.58% | 1.73% | 1.83% | 1.83% | 1.94% |
| ▅▅█▇▅▄▃▁ | Efficiency Ratio (%) | 59.9% | 60.7% | 63.7% | 62.5% | 60.6% | 59.7% | 57.8% | 55.8% |
| █▆▅▅▄▃▁▂ | Cost of Funds (%) | 2.51% | 2.37% | 2.29% | 2.32% | 2.27% | 2.22% | 2.07% | 2.16% |
| ▁▂▁▃▃▄▇█ | NPA / Assets (%) | 0.51% | 0.58% | 0.51% | 0.65% | 0.65% | 0.70% | 0.84% | 0.92% |
| ▁▂▁▄▄▅▇█ | Net Charge-Off Ratio (%) | 0.60% | 0.71% | 0.66% | 0.82% | 0.83% | 0.90% | 1.05% | 1.14% |
| ▁▁▂▂▄▃▅█ | Tang. Book Value ($M) | $161 | $160 | $162 | $163 | $166 | $164 | $167 | $173 |
| ▁▁▁▃▄▄▇█ | Gross Loans ($M) | $1,012 | $998 | $1,012 | $1,039 | $1,060 | $1,061 | $1,117 | $1,141 |
| ▁▃▄▅▆▆▇█ | Total Deposits ($M) | $1,035 | $1,079 | $1,109 | $1,118 | $1,148 | $1,136 | $1,159 | $1,192 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |