Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.02 | 1.56% |
| Return on Equity (%) | ▲ | 15.64% | +0.89 | 14.75% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.33 | 4.30% |
| Efficiency Ratio (%) | ▲ | 69.66% | -1.83 | 71.49% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.41 | $7 |
| Cost of Funds (%) | ▲ | 1.47% | -0.35 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,590 | +250.41 | $1,339 |
| Gross Loans ($M) | ▲ | $1,240 | +173.31 | $1,067 |
| Loan Growth YoY (%) | ▼ | 89.73% | -3.13 | 92.86% |
| Total Deposits ($M) | ▲ | $1,363 | +227.98 | $1,135 |
| Shareholders Equity ($M) | ▲ | $165 | +19.10 | $146 |
| Tang. Book Value ($M) | ▲ | $155 | +18.53 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $161 | +22.14 | $139 |
| Loan / Deposit Ratio (%) | ▼ | 89.73% | -3.13 | 92.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.36 | 0.07% |
| Allowance / Loans (%) | — | 1.41% | 0.17% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.46 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.07% | -0.64 | 14.71% |
Noninterest income ($9.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▆██ | Net Interest Margin (%) | 4.12% | 4.16% | 4.21% | 4.30% | 4.35% | 4.50% | 4.58% | 4.63% |
| ▁▆▁▇▃▄▂█ | Return on Assets (%) | 1.45% | 1.53% | 1.44% | 1.56% | 1.49% | 1.50% | 1.48% | 1.57% |
| █▆▅▄▇▇▂▁ | Efficiency Ratio (%) | 73.7% | 72.6% | 72.1% | 71.5% | 72.7% | 73.1% | 70.3% | 69.7% |
| █▇▅▅▄▃▁▁ | Cost of Funds (%) | 2.17% | 2.04% | 1.83% | 1.82% | 1.80% | 1.65% | 1.48% | 1.47% |
| ▅▅▂▁▃███ | NPA / Assets (%) | 0.29% | 0.27% | 0.15% | 0.07% | 0.20% | 0.42% | 0.41% | 0.44% |
| ▅▅▂▁▃███ | Net Charge-Off Ratio (%) | 0.36% | 0.33% | 0.19% | 0.09% | 0.25% | 0.52% | 0.55% | 0.55% |
| ▁▁▂▃▅▅▆█ | Tang. Book Value ($M) | $126 | $127 | $132 | $137 | $141 | $141 | $145 | $155 |
| ▁▁▁▁▁▇▆█ | Gross Loans ($M) | $1,088 | $1,084 | $1,084 | $1,067 | $1,080 | $1,219 | $1,186 | $1,240 |
| ▁▁▂▁▁▇█▇ | Total Deposits ($M) | $1,151 | $1,133 | $1,162 | $1,135 | $1,126 | $1,340 | $1,399 | $1,363 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 12% |