Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.03 | 1.08% |
| Return on Equity (%) | ▼ | 10.93% | -0.92 | 11.85% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.11 | 4.17% |
| Efficiency Ratio (%) | ▲ | 70.56% | -0.60 | 71.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.24 | $4 |
| Cost of Funds (%) | ▼ | 1.07% | +0.01 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,259 | +49.12 | $1,210 |
| Gross Loans ($M) | ▲ | $780 | +13.22 | $767 |
| Loan Growth YoY (%) | ▼ | 68.84% | -3.57 | 72.42% |
| Total Deposits ($M) | ▲ | $1,121 | +74.38 | $1,046 |
| Shareholders Equity ($M) | ▲ | $130 | +17.91 | $113 |
| Tang. Book Value ($M) | ▲ | $126 | +17.91 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $143 | +17.61 | $126 |
| Loan / Deposit Ratio (%) | ▼ | 68.84% | -3.57 | 72.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.18 | 0.63% |
| Allowance / Loans (%) | — | 1.14% | -0.10% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.31 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.78% | +0.85 | 15.92% |
Noninterest income ($2.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▁▄▆▇▇█ | Net Interest Margin (%) | 4.17% | 4.14% | 4.07% | 4.17% | 4.23% | 4.23% | 4.24% | 4.28% |
| ██▂▂▅▅▁▃ | Return on Assets (%) | 1.26% | 1.24% | 1.08% | 1.08% | 1.16% | 1.16% | 1.05% | 1.11% |
| ▁▁█▇▄▁▃▄ | Efficiency Ratio (%) | 69.9% | 69.7% | 71.4% | 71.2% | 70.5% | 69.8% | 70.2% | 70.6% |
| ▆█▄▃█▃▁▃ | Cost of Funds (%) | 1.12% | 1.16% | 1.07% | 1.06% | 1.15% | 1.06% | 1.01% | 1.07% |
| ▇███▅▄▁▁ | NPA / Assets (%) | 0.62% | 0.64% | 0.65% | 0.63% | 0.56% | 0.54% | 0.47% | 0.45% |
| ▇███▂▃▁▁ | Net Charge-Off Ratio (%) | 0.67% | 0.74% | 0.75% | 0.72% | 0.47% | 0.50% | 0.44% | 0.40% |
| ▃▁▂▃▅▇▇█ | Tang. Book Value ($M) | $108 | $101 | $105 | $108 | $116 | $122 | $122 | $126 |
| ▁▁▁▇▇▇▇█ | Gross Loans ($M) | $730 | $726 | $733 | $767 | $772 | $772 | $772 | $780 |
| ▁▂▄▃▄███ | Total Deposits ($M) | $1,019 | $1,033 | $1,070 | $1,046 | $1,062 | $1,124 | $1,124 | $1,121 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 6% |