Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.50% | -0.22 | 2.72% |
| Return on Equity (%) | ▼ | 22.42% | -0.79 | 23.21% |
| Net Interest Margin (%) | ▼ | 4.95% | -0.30 | 5.25% |
| Efficiency Ratio (%) | ▼ | 46.27% | +3.36 | 42.91% |
| Pre-Provision Profit ($M) | ▼ | $18 | -2.30 | $20 |
| Cost of Funds (%) | ▲ | 0.45% | -0.03 | 0.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,159 | +8.88 | $2,150 |
| Gross Loans ($M) | ▲ | $946 | +24.24 | $922 |
| Loan Growth YoY (%) | ▲ | 49.27% | +1.09 | 48.18% |
| Total Deposits ($M) | ▲ | $1,882 | +4.82 | $1,877 |
| Shareholders Equity ($M) | ▲ | $260 | +6.34 | $254 |
| Tang. Book Value ($M) | ▲ | $255 | +6.58 | $248 |
| TBV excl. AOCI ($M)** | ▲ | $292 | +11.87 | $280 |
| Loan / Deposit Ratio (%) | ▲ | 49.27% | +1.09 | 48.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.13 | 0.23% |
| Allowance / Loans (%) | — | 2.02% | 0.11% | 1.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.30 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 24.35% | -0.50 | 24.85% |
Noninterest income ($8.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▇▇▅▁▂ | Net Interest Margin (%) | 5.38% | 5.33% | 5.11% | 5.25% | 5.25% | 5.18% | 4.85% | 4.95% |
| ▆▆█▆▅▄▃▁ | Return on Assets (%) | 2.72% | 2.73% | 2.83% | 2.72% | 2.69% | 2.66% | 2.59% | 2.50% |
| ▃▂▁▂▃▂▄█ | Efficiency Ratio (%) | 43.5% | 42.9% | 42.0% | 42.9% | 43.2% | 42.9% | 43.7% | 46.3% |
| █▄▅▅▇▅█▁ | Cost of Funds (%) | 0.50% | 0.48% | 0.48% | 0.48% | 0.50% | 0.49% | 0.50% | 0.45% |
| ▁█▇██▂▂▁ | NPA / Assets (%) | 0.09% | 0.24% | 0.20% | 0.23% | 0.24% | 0.11% | 0.12% | 0.10% |
| ▁█▆▇█▂▁▁ | Net Charge-Off Ratio (%) | 0.22% | 0.59% | 0.47% | 0.53% | 0.55% | 0.28% | 0.26% | 0.23% |
| ▄▂▇▄█▁▃▆ | Tang. Book Value ($M) | $246 | $240 | $260 | $248 | $267 | $233 | $243 | $255 |
| ▁▃▆▅█▇▇█ | Gross Loans ($M) | $882 | $902 | $927 | $922 | $939 | $931 | $935 | $946 |
| ▁▅▂▂▃█▄▂ | Total Deposits ($M) | $1,829 | $1,959 | $1,863 | $1,877 | $1,892 | $2,071 | $1,946 | $1,882 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 1% |