Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.02 | 1.64% |
| Return on Equity (%) | ▼ | 12.31% | -1.00 | 13.31% |
| Net Interest Margin (%) | ▲ | 4.75% | +0.02 | 4.73% |
| Efficiency Ratio (%) | ▼ | 56.34% | +1.06 | 55.28% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.31 | $6 |
| Cost of Funds (%) | ▲ | 1.41% | -0.13 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $943 | +52.32 | $890 |
| Gross Loans ($M) | ▲ | $629 | +31.87 | $597 |
| Loan Growth YoY (%) | ▲ | 77.64% | +0.05 | 77.60% |
| Total Deposits ($M) | ▲ | $800 | +40.12 | $760 |
| Shareholders Equity ($M) | ▲ | $130 | +16.71 | $114 |
| Tang. Book Value ($M) | ▲ | $128 | +16.71 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +17.14 | $122 |
| Loan / Deposit Ratio (%) | ▲ | 77.64% | +0.05 | 77.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.11 | 0.46% |
| Allowance / Loans (%) | — | 1.22% | -0.00% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.16 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.50% | +0.95 | 19.56% |
Noninterest income ($1.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆██▄▇ | Net Interest Margin (%) | 4.57% | 4.57% | 4.72% | 4.73% | 4.81% | 4.80% | 4.67% | 4.75% |
| ▁▁▄▇████ | Return on Assets (%) | 1.53% | 1.54% | 1.59% | 1.64% | 1.66% | 1.66% | 1.68% | 1.67% |
| ██▁▄▅▅▅▇ | Efficiency Ratio (%) | 56.4% | 56.7% | 54.3% | 55.3% | 55.6% | 55.6% | 55.6% | 56.3% |
| ▅█▇▅▁▁▁▁ | Cost of Funds (%) | 1.55% | 1.65% | 1.61% | 1.54% | 1.44% | 1.44% | 1.41% | 1.41% |
| ███▅▁▃▄▄ | NPA / Assets (%) | 0.84% | 0.80% | 0.74% | 0.46% | 0.05% | 0.32% | 0.38% | 0.35% |
| ██▇▅▁▃▄▄ | Net Charge-Off Ratio (%) | 1.29% | 1.25% | 1.13% | 0.69% | 0.07% | 0.49% | 0.58% | 0.53% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $107 | $103 | $108 | $111 | $118 | $123 | $124 | $128 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $565 | $569 | $585 | $597 | $608 | $613 | $626 | $629 |
| ▁▃▃▂▂▇█▇ | Total Deposits ($M) | $746 | $768 | $769 | $760 | $761 | $797 | $811 | $800 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 18% |