Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.38% | +0.30 | 2.08% |
| Return on Equity (%) | ▲ | 21.85% | +2.74 | 19.11% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.33 | 4.12% |
| Efficiency Ratio (%) | ▲ | 55.57% | -4.36 | 59.94% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.75 | $10 |
| Cost of Funds (%) | ▲ | 1.21% | -0.15 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,625 | +83.98 | $1,541 |
| Gross Loans ($M) | ▲ | $1,212 | +83.84 | $1,128 |
| Loan Growth YoY (%) | ▲ | 93.16% | +4.73 | 88.43% |
| Total Deposits ($M) | ▲ | $1,289 | +23.93 | $1,265 |
| Shareholders Equity ($M) | ▲ | $178 | +5.98 | $172 |
| Tang. Book Value ($M) | ▲ | $178 | +5.98 | $172 |
| TBV excl. AOCI ($M)** | ▲ | $191 | +4.88 | $186 |
| Loan / Deposit Ratio (%) | ▲ | 93.16% | +4.73 | 88.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.10 | 0.28% |
| Allowance / Loans (%) | — | 0.94% | 0.08% | 0.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.14 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▆█ | Net Interest Margin (%) | 3.83% | 3.89% | 4.06% | 4.12% | 4.17% | 4.22% | 4.26% | 4.46% |
| ▁▁▁▅▄▁▅█ | Return on Assets (%) | 1.70% | 1.62% | 1.63% | 2.08% | 1.97% | 1.70% | 2.03% | 2.38% |
| ▅▇█▄▅▇▄▁ | Efficiency Ratio (%) | 62.2% | 64.8% | 67.0% | 59.9% | 61.3% | 65.2% | 60.1% | 55.6% |
| █▅▆▆▅▁▅▁ | Cost of Funds (%) | 1.42% | 1.33% | 1.35% | 1.36% | 1.33% | 1.20% | 1.33% | 1.21% |
| ▄█▇▃▃▆▇▁ | NPA / Assets (%) | 0.31% | 0.50% | 0.43% | 0.28% | 0.27% | 0.38% | 0.43% | 0.18% |
| ▄█▇▃▃▅▇▁ | Net Charge-Off Ratio (%) | 0.42% | 0.68% | 0.59% | 0.38% | 0.36% | 0.51% | 0.58% | 0.25% |
| ▃▁▁▄▇█▃▇ | Tang. Book Value ($M) | $170 | $162 | $164 | $172 | $179 | $182 | $169 | $178 |
| ▁▂▃▃▄▆██ | Gross Loans ($M) | $1,081 | $1,106 | $1,128 | $1,128 | $1,151 | $1,187 | $1,223 | $1,212 |
| ▂▁▄▆▇▆▇█ | Total Deposits ($M) | $1,218 | $1,197 | $1,243 | $1,265 | $1,268 | $1,260 | $1,268 | $1,289 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |