Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.27 | 0.44% |
| Return on Equity (%) | ▲ | 7.92% | +2.60 | 5.32% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.51 | 2.70% |
| Efficiency Ratio (%) | ▲ | 74.19% | -5.58 | 79.77% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.19 | $4 |
| Cost of Funds (%) | ▲ | 1.03% | -0.32 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,095 | -66.67 | $2,162 |
| Gross Loans ($M) | ▼ | $1,413 | -25.29 | $1,438 |
| Loan Growth YoY (%) | ▼ | 79.77% | -1.11 | 80.88% |
| Total Deposits ($M) | ▼ | $1,754 | -5.57 | $1,760 |
| Shareholders Equity ($M) | ▲ | $191 | +8.93 | $182 |
| Tang. Book Value ($M) | ▲ | $156 | +8.99 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $179 | +10.01 | $169 |
| Loan / Deposit Ratio (%) | ▼ | 79.77% | -1.11 | 80.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.07% | 0.00 | 0.07% |
| Allowance / Loans (%) | — | 0.98% | -0.07% | 1.05% |
| Net Charge-Off Ratio (%) | — | 0.10% | 0.00 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.18% | +0.98 | 13.20% |
Noninterest income ($4.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄██ | Net Interest Margin (%) | 2.50% | 2.51% | 2.63% | 2.70% | 2.76% | 2.82% | 3.14% | 3.20% |
| ▁▁▃▄▄▅██ | Return on Assets (%) | 0.27% | 0.24% | 0.38% | 0.44% | 0.46% | 0.49% | 0.65% | 0.71% |
| ██▆▅▅▅▁▁ | Efficiency Ratio (%) | 84.2% | 84.2% | 81.5% | 79.8% | 79.8% | 80.0% | 73.9% | 74.2% |
| ██▆▅▄▄▁▁ | Cost of Funds (%) | 1.57% | 1.54% | 1.39% | 1.35% | 1.28% | 1.24% | 1.06% | 1.03% |
| █▂▂▃▁█▇▃ | NPA / Assets (%) | 0.10% | 0.06% | 0.06% | 0.07% | 0.05% | 0.11% | 0.10% | 0.07% |
| █▂▂▃▁██▃ | Net Charge-Off Ratio (%) | 0.16% | 0.09% | 0.09% | 0.10% | 0.07% | 0.16% | 0.15% | 0.10% |
| ▃▁▃▅▆███ | Tang. Book Value ($M) | $142 | $137 | $143 | $147 | $151 | $154 | $154 | $156 |
| ▃▃▄██▅▁▄ | Gross Loans ($M) | $1,409 | $1,407 | $1,413 | $1,438 | $1,444 | $1,419 | $1,391 | $1,413 |
| ▁▂▄▆███▅ | Total Deposits ($M) | $1,729 | $1,740 | $1,751 | $1,760 | $1,776 | $1,774 | $1,772 | $1,754 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |