Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.18 | 1.42% |
| Return on Equity (%) | ▼ | 17.99% | -1.06 | 19.05% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.15 | 3.12% |
| Efficiency Ratio (%) | ▲ | 59.00% | -0.54 | 59.54% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.78 | $6 |
| Cost of Funds (%) | ▲ | 1.52% | -0.12 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,602 | +87.29 | $1,515 |
| Gross Loans ($M) | ▲ | $923 | +44.36 | $878 |
| Loan Growth YoY (%) | ▲ | 63.95% | +0.69 | 63.26% |
| Total Deposits ($M) | ▲ | $1,424 | +53.56 | $1,370 |
| Shareholders Equity ($M) | ▲ | $147 | +30.41 | $117 |
| Tang. Book Value ($M) | ▲ | $147 | +30.41 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $169 | +31.27 | $138 |
| Loan / Deposit Ratio (%) | ▲ | 63.95% | +0.69 | 63.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.31% | 0.00% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.03 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.87% | +0.98 | 14.89% |
Noninterest income ($3.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇▇█ | Net Interest Margin (%) | 2.86% | 2.93% | 3.01% | 3.12% | 3.15% | 3.20% | 3.19% | 3.27% |
| ▁▂▂▃▃▃█▅ | Return on Assets (%) | 1.23% | 1.32% | 1.37% | 1.42% | 1.41% | 1.44% | 1.91% | 1.60% |
| █▅▃▂▃▂▃▁ | Efficiency Ratio (%) | 63.0% | 61.1% | 60.1% | 59.5% | 60.2% | 59.9% | 60.5% | 59.0% |
| █▅▃▄▄▃▁▁ | Cost of Funds (%) | 1.81% | 1.69% | 1.61% | 1.64% | 1.64% | 1.61% | 1.51% | 1.52% |
| ▁▁▁▄█▇▆▅ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.05% | 0.10% | 0.09% | 0.08% | 0.07% |
| ▁▁▁▄█▇▆▆ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.03% | 0.09% | 0.18% | 0.16% | 0.14% | 0.12% |
| ▂▁▂▂▅▆██ | Tang. Book Value ($M) | $112 | $107 | $114 | $117 | $129 | $134 | $144 | $147 |
| ▁▃▄▅▇▇██ | Gross Loans ($M) | $817 | $850 | $865 | $878 | $901 | $902 | $915 | $923 |
| ▁▅▆▅▆▇██ | Total Deposits ($M) | $1,278 | $1,364 | $1,391 | $1,370 | $1,392 | $1,397 | $1,431 | $1,424 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |