Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.21 | 0.96% |
| Return on Equity (%) | ▲ | 13.92% | +2.39 | 11.53% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.14 | 3.42% |
| Efficiency Ratio (%) | ▲ | 61.25% | -6.90 | 68.15% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.44 | $6 |
| Cost of Funds (%) | ▲ | 2.14% | -0.28 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,084 | +250.57 | $1,834 |
| Gross Loans ($M) | ▲ | $1,781 | +224.01 | $1,557 |
| Loan Growth YoY (%) | ▲ | 116.51% | +2.89 | 113.62% |
| Total Deposits ($M) | ▲ | $1,518 | +156.61 | $1,361 |
| Shareholders Equity ($M) | ▲ | $175 | +22.94 | $152 |
| Tang. Book Value ($M) | ▲ | $171 | +22.97 | $148 |
| TBV excl. AOCI ($M)** | ▲ | $181 | +24.63 | $156 |
| Loan / Deposit Ratio (%) | ▲ | 116.51% | +2.89 | 113.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.46 | 0.03% |
| Allowance / Loans (%) | — | 0.70% | 0.04% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.54 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.08% | +0.24 | 9.84% |
Noninterest income ($3.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▃▅▆▇█ | Net Interest Margin (%) | 3.39% | 3.39% | 3.35% | 3.42% | 3.47% | 3.50% | 3.54% | 3.56% |
| ▂▃▁▁▄▆██ | Return on Assets (%) | 0.98% | 1.02% | 0.95% | 0.96% | 1.04% | 1.10% | 1.16% | 1.18% |
| ▇▇██▅▄▁▁ | Efficiency Ratio (%) | 67.1% | 67.1% | 68.6% | 68.2% | 65.7% | 64.3% | 61.6% | 61.3% |
| ██▅▆▅▄▂▁ | Cost of Funds (%) | 2.57% | 2.53% | 2.37% | 2.42% | 2.40% | 2.35% | 2.24% | 2.14% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.05% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.51% | 0.49% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.04% | 0.03% | 0.04% | 0.04% | 0.60% | 0.57% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $135 | $137 | $144 | $148 | $156 | $161 | $166 | $171 |
| ▁▁▃▄▆▇▇█ | Gross Loans ($M) | $1,375 | $1,425 | $1,497 | $1,557 | $1,652 | $1,701 | $1,712 | $1,781 |
| ▁▁▁▃▄▇██ | Total Deposits ($M) | $1,297 | $1,304 | $1,302 | $1,361 | $1,396 | $1,482 | $1,516 | $1,518 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 15% |