Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.21 | 0.34% |
| Return on Equity (%) | ▲ | 6.24% | +2.08 | 4.16% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.35 | 2.91% |
| Efficiency Ratio (%) | ▲ | 82.64% | -6.40 | 89.04% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.77 | $2 |
| Cost of Funds (%) | ▲ | 1.43% | -0.18 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,392 | +10.23 | $1,382 |
| Gross Loans ($M) | ▲ | $1,045 | +27.32 | $1,018 |
| Loan Growth YoY (%) | ▲ | 83.57% | +1.36 | 82.21% |
| Total Deposits ($M) | ▲ | $1,237 | +13.25 | $1,224 |
| Shareholders Equity ($M) | ▲ | $125 | +10.11 | $114 |
| Tang. Book Value ($M) | ▲ | $118 | +10.14 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +9.04 | $116 |
| Loan / Deposit Ratio (%) | ▲ | 83.57% | +1.36 | 82.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +0.11 | 1.05% |
| Allowance / Loans (%) | — | 1.09% | -0.07% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 1.54% | +0.12 | 1.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.97% | +0.29 | 13.68% |
Noninterest income ($3.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.75% | 2.75% | 2.84% | 2.91% | 2.97% | 3.03% | 3.25% | 3.26% |
| ▁▁▂▃▄▅██ | Return on Assets (%) | 0.21% | 0.23% | 0.29% | 0.34% | 0.39% | 0.44% | 0.59% | 0.55% |
| ██▇▆▅▄▁▁ | Efficiency Ratio (%) | 92.5% | 91.8% | 90.8% | 89.0% | 87.5% | 86.9% | 82.1% | 82.6% |
| ██▅▄▄▃▁▁ | Cost of Funds (%) | 1.83% | 1.82% | 1.67% | 1.61% | 1.58% | 1.53% | 1.43% | 1.43% |
| ▁▃█▆▆▆▆▇ | NPA / Assets (%) | 0.60% | 0.78% | 1.24% | 1.05% | 1.05% | 1.03% | 1.05% | 1.16% |
| ▁▃█▇▇▆▆█ | Net Charge-Off Ratio (%) | 0.77% | 1.02% | 1.64% | 1.42% | 1.43% | 1.35% | 1.37% | 1.54% |
| ▂▁▂▄▅▇██ | Tang. Book Value ($M) | $104 | $101 | $105 | $108 | $111 | $114 | $116 | $118 |
| ▂▁▁▂▃█▇▆ | Gross Loans ($M) | $1,019 | $1,011 | $1,015 | $1,018 | $1,023 | $1,057 | $1,046 | $1,045 |
| ▁▃▅▇▇▇▇█ | Total Deposits ($M) | $1,155 | $1,181 | $1,200 | $1,224 | $1,225 | $1,223 | $1,220 | $1,237 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 9% |