Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.09 | 0.90% |
| Return on Equity (%) | ▼ | 8.11% | -1.21 | 9.32% |
| Net Interest Margin (%) | ▼ | 3.65% | -0.26 | 3.91% |
| Efficiency Ratio (%) | ▼ | 73.20% | +1.67 | 71.52% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.00 | $4 |
| Cost of Funds (%) | ▲ | 1.45% | -0.19 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,470 | +195.80 | $1,274 |
| Gross Loans ($M) | ▼ | $926 | -42.86 | $969 |
| Loan Growth YoY (%) | ▼ | 70.50% | -17.49 | 87.98% |
| Total Deposits ($M) | ▲ | $1,303 | +210.83 | $1,092 |
| Shareholders Equity ($M) | ▲ | $139 | +12.91 | $126 |
| Tang. Book Value ($M) | ▲ | $135 | +13.27 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +14.77 | $129 |
| Loan / Deposit Ratio (%) | ▼ | 70.50% | -17.49 | 87.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.00 | 0.24% |
| Allowance / Loans (%) | — | 0.83% | -0.02% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.07 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.61% | +1.63 | 12.98% |
Noninterest income ($1.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂████▇▆ | Net Interest Margin (%) | 3.13% | 3.26% | 3.85% | 3.91% | 3.94% | 3.95% | 3.76% | 3.65% |
| ▁▁██████ | Return on Assets (%) | -0.53% | -0.59% | 0.83% | 0.90% | 0.91% | 0.89% | 0.78% | 0.82% |
| ██▂▂▁▁▄▃ | Efficiency Ratio (%) | 79.5% | 79.6% | 71.8% | 71.5% | 70.0% | 70.6% | 74.5% | 73.2% |
| █▆▅▃▅▆▄▁ | Cost of Funds (%) | 1.99% | 1.84% | 1.77% | 1.64% | 1.73% | 1.80% | 1.67% | 1.45% |
| █▇▄▁▃▃▃▁ | NPA / Assets (%) | 0.39% | 0.35% | 0.30% | 0.24% | 0.29% | 0.29% | 0.28% | 0.24% |
| █▆▄▁▄▄▃▃ | Net Charge-Off Ratio (%) | 0.50% | 0.45% | 0.38% | 0.31% | 0.39% | 0.39% | 0.38% | 0.38% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $115 | $114 | $119 | $122 | $127 | $130 | $133 | $135 |
| ▇██▆█▅▃▁ | Gross Loans ($M) | $973 | $980 | $985 | $969 | $986 | $962 | $945 | $926 |
| ▁▁▁▂▃▃▃█ | Total Deposits ($M) | $1,059 | $1,039 | $1,050 | $1,092 | $1,128 | $1,115 | $1,120 | $1,303 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 10% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |