Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.18 | 0.91% |
| Return on Equity (%) | ▲ | 13.07% | +0.44 | 12.63% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.39 | 3.28% |
| Efficiency Ratio (%) | ▲ | 74.78% | -3.82 | 78.60% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.05 | $6 |
| Cost of Funds (%) | ▲ | 1.31% | -0.32 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,875 | +72.87 | $2,803 |
| Gross Loans ($M) | ▲ | $1,967 | +84.00 | $1,883 |
| Loan Growth YoY (%) | ▲ | 75.01% | +2.16 | 72.85% |
| Total Deposits ($M) | ▲ | $2,601 | +37.17 | $2,563 |
| Shareholders Equity ($M) | ▲ | $246 | +35.18 | $211 |
| Tang. Book Value ($M) | ▲ | $244 | +35.18 | $209 |
| TBV excl. AOCI ($M)** | ▲ | $268 | +30.63 | $237 |
| Loan / Deposit Ratio (%) | ▲ | 75.01% | +2.16 | 72.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.27 | 0.24% |
| Allowance / Loans (%) | — | 0.82% | -0.00% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.43 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.03 | 12.03% |
Noninterest income ($8.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 2.55% | 2.67% | 3.13% | 3.28% | 3.37% | 3.40% | 3.57% | 3.67% |
| ▁▁▆▆█▇██ | Return on Assets (%) | 0.54% | 0.55% | 0.92% | 0.91% | 1.03% | 0.99% | 1.06% | 1.09% |
| ██▃▃▂▂▁▁ | Efficiency Ratio (%) | 85.8% | 85.0% | 78.6% | 78.6% | 76.4% | 77.1% | 74.6% | 74.8% |
| █▆▄▃▄▂▂▁ | Cost of Funds (%) | 2.18% | 1.96% | 1.68% | 1.62% | 1.65% | 1.51% | 1.45% | 1.31% |
| ▃▆▅▃▁▁██ | NPA / Assets (%) | 0.25% | 0.41% | 0.38% | 0.24% | 0.08% | 0.09% | 0.57% | 0.52% |
| ▄▆▆▃▁▁██ | Net Charge-Off Ratio (%) | 0.39% | 0.61% | 0.56% | 0.32% | 0.10% | 0.14% | 0.82% | 0.75% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $195 | $195 | $204 | $209 | $225 | $236 | $238 | $244 |
| ▁▃▃▂▄▄▅█ | Gross Loans ($M) | $1,862 | $1,889 | $1,892 | $1,883 | $1,911 | $1,904 | $1,916 | $1,967 |
| ▃▅▃▂▁█▁▃ | Total Deposits ($M) | $2,593 | $2,645 | $2,585 | $2,563 | $2,532 | $2,724 | $2,531 | $2,601 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 20% |