Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.57 | 1.04% |
| Return on Equity (%) | ▲ | 17.72% | +4.43 | 13.29% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.50 | 3.49% |
| Efficiency Ratio (%) | ▲ | 70.51% | -8.53 | 79.04% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.32 | $4 |
| Cost of Funds (%) | ▲ | 1.79% | -0.39 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,141 | +54.07 | $1,087 |
| Gross Loans ($M) | ▲ | $797 | +45.42 | $751 |
| Loan Growth YoY (%) | ▲ | 79.93% | +3.21 | 76.72% |
| Total Deposits ($M) | ▲ | $986 | +18.24 | $968 |
| Shareholders Equity ($M) | ▲ | $109 | +20.68 | $89 |
| Tang. Book Value ($M) | ▲ | $81 | +20.68 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +21.54 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 79.93% | +3.21 | 76.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.20% | -0.12 | 1.31% |
| Allowance / Loans (%) | — | 1.12% | -0.09% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 1.63% | -0.05 | 1.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($8.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 3.02% | 3.14% | 3.37% | 3.49% | 3.55% | 3.57% | 3.98% | 3.99% |
| ▁▁▄▄▃▃█▇ | Return on Assets (%) | 0.52% | 0.60% | 1.02% | 1.04% | 0.95% | 0.94% | 1.84% | 1.61% |
| ██▆▆▆▆▁▂ | Efficiency Ratio (%) | 85.3% | 83.9% | 79.3% | 79.0% | 79.3% | 79.8% | 68.1% | 70.5% |
| █▆▄▄▃▂▁▁ | Cost of Funds (%) | 2.88% | 2.56% | 2.22% | 2.17% | 2.14% | 2.02% | 1.74% | 1.79% |
| ▄▁▆▇▆█▆▅ | NPA / Assets (%) | 1.14% | 0.89% | 1.23% | 1.31% | 1.24% | 1.42% | 1.27% | 1.20% |
| ▃▁▄▅▅█▆▅ | Net Charge-Off Ratio (%) | 1.49% | 1.18% | 1.57% | 1.68% | 1.65% | 2.01% | 1.72% | 1.63% |
| ▂▁▂▂▅▇▆█ | Tang. Book Value ($M) | $60 | $55 | $58 | $60 | $69 | $75 | $74 | $81 |
| █▄▃▁▁▃█▇ | Gross Loans ($M) | $805 | $775 | $771 | $751 | $751 | $771 | $809 | $797 |
| ▁▄▁▃▃█▅▄ | Total Deposits ($M) | $951 | $980 | $947 | $968 | $968 | $1,029 | $998 | $986 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 29% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 11% |