Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.38 | 1.01% |
| Return on Equity (%) | ▼ | 6.52% | -5.08 | 11.60% |
| Net Interest Margin (%) | ▼ | 4.53% | -0.35 | 4.89% |
| Efficiency Ratio (%) | ▼ | 80.19% | +7.65 | 72.53% |
| Pre-Provision Profit ($M) | ▼ | $4 | -7.35 | $11 |
| Cost of Funds (%) | ▲ | 1.30% | -0.14 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,860 | +78.08 | $2,782 |
| Gross Loans ($M) | ▲ | $1,860 | +6.67 | $1,853 |
| Loan Growth YoY (%) | ▼ | 74.37% | -2.27 | 76.65% |
| Total Deposits ($M) | ▲ | $2,466 | +80.68 | $2,385 |
| Shareholders Equity ($M) | ▲ | $292 | +41.70 | $250 |
| Tang. Book Value ($M) | ▲ | $268 | +41.70 | $227 |
| TBV excl. AOCI ($M)** | ▲ | $291 | +43.97 | $247 |
| Loan / Deposit Ratio (%) | ▼ | 74.37% | -2.27 | 76.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.03 | 0.17% |
| Allowance / Loans (%) | — | 1.39% | 0.04% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.02 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.22% | +1.93 | 11.28% |
Noninterest income ($6.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅███▇▁ | Net Interest Margin (%) | 4.76% | 4.76% | 4.75% | 4.89% | 4.92% | 4.87% | 4.85% | 4.53% |
| ▇▇▇███▇▁ | Return on Assets (%) | 0.94% | 0.95% | 0.92% | 1.01% | 1.01% | 1.01% | 0.93% | 0.63% |
| ▁▁▄▁▁▁▂█ | Efficiency Ratio (%) | 72.1% | 72.7% | 74.8% | 72.5% | 72.1% | 71.6% | 72.7% | 80.2% |
| █▅▃▃▄▂▁▁ | Cost of Funds (%) | 1.70% | 1.51% | 1.45% | 1.44% | 1.47% | 1.39% | 1.35% | 1.30% |
| ▂▄▃▂▁▁█▁ | NPA / Assets (%) | 0.18% | 0.25% | 0.22% | 0.17% | 0.15% | 0.14% | 0.40% | 0.15% |
| ▂▄▃▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.25% | 0.37% | 0.33% | 0.20% | 0.19% | 0.17% | 0.64% | 0.22% |
| ▁▁▂▃▄▅██ | Tang. Book Value ($M) | $211 | $213 | $220 | $227 | $235 | $243 | $270 | $268 |
| █▄▇▆▃▁▄▇ | Gross Loans ($M) | $1,875 | $1,843 | $1,865 | $1,853 | $1,836 | $1,812 | $1,840 | $1,860 |
| ▁▃▂▂▄█▇▄ | Total Deposits ($M) | $2,328 | $2,409 | $2,392 | $2,385 | $2,474 | $2,623 | $2,561 | $2,466 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 23% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |