Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.13 | 1.17% |
| Return on Equity (%) | ▲ | 13.14% | +0.41 | 12.73% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.14 | 3.70% |
| Efficiency Ratio (%) | ▲ | 57.32% | -1.19 | 58.51% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.19 | $8 |
| Cost of Funds (%) | ▲ | 2.02% | -0.10 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,838 | +125.29 | $1,713 |
| Gross Loans ($M) | ▲ | $1,265 | +68.54 | $1,197 |
| Loan Growth YoY (%) | ▼ | 81.41% | -1.85 | 83.25% |
| Total Deposits ($M) | ▲ | $1,537 | +114.55 | $1,422 |
| Shareholders Equity ($M) | ▲ | $180 | +19.16 | $161 |
| Tang. Book Value ($M) | ▲ | $161 | +19.04 | $142 |
| TBV excl. AOCI ($M)** | ▲ | $181 | +19.66 | $162 |
| Loan / Deposit Ratio (%) | ▼ | 81.41% | -1.85 | 83.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.58 | 0.38% |
| Allowance / Loans (%) | — | 1.15% | 0.06% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +0.85 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.79% | +0.58 | 13.21% |
Noninterest income ($2.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▇▇███ | Net Interest Margin (%) | 3.24% | 3.31% | 3.50% | 3.70% | 3.77% | 3.80% | 3.82% | 3.84% |
| ▁▂▂▅▆███ | Return on Assets (%) | 0.98% | 1.04% | 1.05% | 1.17% | 1.22% | 1.27% | 1.30% | 1.30% |
| █▇█▂▂▂▂▁ | Efficiency Ratio (%) | 62.0% | 61.3% | 62.3% | 58.5% | 58.0% | 58.2% | 58.2% | 57.3% |
| ▇█▅▃▃▁▁▁ | Cost of Funds (%) | 2.24% | 2.28% | 2.16% | 2.11% | 2.08% | 2.04% | 2.02% | 2.02% |
| ▁▁▂▂▁███ | NPA / Assets (%) | 0.30% | 0.29% | 0.41% | 0.38% | 0.34% | 0.90% | 0.96% | 0.96% |
| ▁▁▂▂▁███ | Net Charge-Off Ratio (%) | 0.43% | 0.41% | 0.59% | 0.55% | 0.48% | 1.29% | 1.37% | 1.39% |
| ▂▁▂▄▆▇██ | Tang. Book Value ($M) | $135 | $130 | $137 | $142 | $150 | $156 | $157 | $161 |
| ▁▂▃▄▆▆▇█ | Gross Loans ($M) | $1,140 | $1,166 | $1,173 | $1,197 | $1,221 | $1,232 | $1,240 | $1,265 |
| ▁▁▂▃▄▅▇█ | Total Deposits ($M) | $1,363 | $1,374 | $1,399 | $1,422 | $1,434 | $1,451 | $1,502 | $1,537 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 18% |