Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.07 | 1.23% |
| Return on Equity (%) | ▲ | 10.55% | +0.24 | 10.31% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.28 | 3.25% |
| Efficiency Ratio (%) | ▼ | 61.65% | +3.03 | 58.62% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.08 | $13 |
| Cost of Funds (%) | ▲ | 1.99% | -0.22 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,786 | +238.90 | $3,547 |
| Gross Loans ($M) | ▲ | $2,967 | +123.03 | $2,844 |
| Loan Growth YoY (%) | ▼ | 99.24% | -0.87 | 100.11% |
| Total Deposits ($M) | ▲ | $2,955 | +148.15 | $2,806 |
| Shareholders Equity ($M) | ▲ | $465 | +41.38 | $424 |
| Tang. Book Value ($M) | ▲ | $457 | +41.39 | $415 |
| TBV excl. AOCI ($M)** | ▲ | $469 | +39.24 | $430 |
| Loan / Deposit Ratio (%) | ▼ | 99.24% | -0.87 | 100.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.17 | 0.29% |
| Allowance / Loans (%) | — | 1.19% | -0.04% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.21 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.36% | +0.54 | 15.82% |
Noninterest income ($7.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▂▄▆█▇ | Net Interest Margin (%) | 3.15% | 3.22% | 3.17% | 3.25% | 3.37% | 3.44% | 3.60% | 3.53% |
| ▃▄▂▁██▇▅ | Return on Assets (%) | 1.27% | 1.28% | 1.25% | 1.23% | 1.34% | 1.35% | 1.32% | 1.30% |
| ▁▁▁▄▁▃██ | Efficiency Ratio (%) | 56.6% | 56.0% | 56.3% | 58.6% | 56.6% | 57.7% | 62.0% | 61.6% |
| ▄█▅▆▇▆▁▂ | Cost of Funds (%) | 2.07% | 2.35% | 2.15% | 2.21% | 2.27% | 2.21% | 1.89% | 1.99% |
| ▁▁▁█▁▇▂▄ | NPA / Assets (%) | 0.00% | 0.01% | 0.00% | 0.29% | 0.00% | 0.23% | 0.07% | 0.12% |
| ▁▁▁█▁▇▂▄ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.00% | 0.36% | 0.00% | 0.28% | 0.09% | 0.15% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $392 | $395 | $406 | $415 | $429 | $439 | $447 | $457 |
| ▁▂▄▆▇▇▇█ | Gross Loans ($M) | $2,583 | $2,652 | $2,750 | $2,844 | $2,876 | $2,884 | $2,914 | $2,967 |
| █▁▄▅▇▆▆▇ | Total Deposits ($M) | $3,029 | $2,575 | $2,774 | $2,806 | $2,958 | $2,862 | $2,862 | $2,955 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 4% |
| Other | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 21% |