Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.22 | 1.05% |
| Return on Equity (%) | ▲ | 12.93% | +0.43 | 12.50% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.47 | 3.18% |
| Efficiency Ratio (%) | ▲ | 61.70% | -3.08 | 64.78% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.51 | $6 |
| Cost of Funds (%) | ▲ | 0.63% | -0.18 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,763 | +19.45 | $1,743 |
| Gross Loans ($M) | ▲ | $1,038 | +33.43 | $1,005 |
| Loan Growth YoY (%) | ▲ | 65.82% | +2.19 | 63.63% |
| Total Deposits ($M) | ▼ | $1,565 | -1.29 | $1,566 |
| Shareholders Equity ($M) | ▲ | $178 | +21.58 | $157 |
| Tang. Book Value ($M) | ▲ | $169 | +21.56 | $148 |
| TBV excl. AOCI ($M)** | ▲ | $198 | +21.14 | $177 |
| Loan / Deposit Ratio (%) | ▲ | 65.82% | +2.19 | 63.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.01 | 0.08% |
| Allowance / Loans (%) | — | 0.78% | -0.03% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.01 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.56% | +0.55 | 17.02% |
Noninterest income ($3.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.56% | 2.66% | 3.11% | 3.18% | 3.25% | 3.30% | 3.57% | 3.65% |
| ▁▂▄▅▅▅██ | Return on Assets (%) | 0.82% | 0.90% | 1.04% | 1.05% | 1.08% | 1.08% | 1.25% | 1.27% |
| █▇▄▅▅▅▁▁ | Efficiency Ratio (%) | 67.4% | 66.3% | 63.9% | 64.8% | 64.5% | 65.1% | 61.5% | 61.7% |
| █▅▃▃▃▂▁▁ | Cost of Funds (%) | 1.34% | 1.06% | 0.83% | 0.81% | 0.84% | 0.74% | 0.62% | 0.63% |
| ▁▅▄▅▆█▆▆ | NPA / Assets (%) | 0.05% | 0.08% | 0.07% | 0.08% | 0.09% | 0.10% | 0.09% | 0.08% |
| ▁▆▅▆▅█▆▅ | Net Charge-Off Ratio (%) | 0.08% | 0.13% | 0.13% | 0.13% | 0.13% | 0.16% | 0.13% | 0.12% |
| ▂▁▃▄▆▇██ | Tang. Book Value ($M) | $137 | $129 | $140 | $148 | $156 | $163 | $165 | $169 |
| ▇▁▁▂▄▂▃█ | Gross Loans ($M) | $1,031 | $999 | $1,003 | $1,005 | $1,016 | $1,007 | $1,013 | $1,038 |
| ███▂▁▆█▂ | Total Deposits ($M) | $1,604 | $1,604 | $1,606 | $1,566 | $1,558 | $1,593 | $1,601 | $1,565 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |