Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.42 | 0.86% |
| Return on Equity (%) | ▲ | 10.24% | +2.67 | 7.57% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.47 | 3.24% |
| Efficiency Ratio (%) | ▲ | 67.44% | -6.10 | 73.53% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.96 | $5 |
| Cost of Funds (%) | ▲ | 1.49% | -0.15 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,156 | +96.22 | $2,059 |
| Gross Loans ($M) | ▲ | $1,634 | +160.90 | $1,473 |
| Loan Growth YoY (%) | ▲ | 103.07% | +11.19 | 91.87% |
| Total Deposits ($M) | ▼ | $1,574 | -18.24 | $1,592 |
| Shareholders Equity ($M) | ▲ | $269 | +29.97 | $239 |
| Tang. Book Value ($M) | ▲ | $262 | +30.02 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $282 | +26.77 | $255 |
| Loan / Deposit Ratio (%) | ▲ | 103.07% | +11.19 | 91.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.27 | 0.49% |
| Allowance / Loans (%) | — | 0.71% | 0.02% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.40 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄▇█ | Net Interest Margin (%) | 3.07% | 3.11% | 3.17% | 3.24% | 3.31% | 3.37% | 3.59% | 3.72% |
| ▆▅▁▅▇▆▅█ | Return on Assets (%) | 0.96% | 0.90% | 0.34% | 0.86% | 1.08% | 1.00% | 0.87% | 1.28% |
| ██▇▅▄▅▁▁ | Efficiency Ratio (%) | 78.0% | 76.7% | 75.7% | 73.5% | 71.6% | 72.9% | 67.7% | 67.4% |
| ██▇▇▆▄▂▁ | Cost of Funds (%) | 1.67% | 1.68% | 1.65% | 1.64% | 1.62% | 1.57% | 1.54% | 1.49% |
| ▇███▅█▁▁ | NPA / Assets (%) | 0.48% | 0.49% | 0.52% | 0.49% | 0.38% | 0.50% | 0.18% | 0.22% |
| ████▅▇▁▁ | Net Charge-Off Ratio (%) | 0.67% | 0.68% | 0.73% | 0.69% | 0.53% | 0.67% | 0.24% | 0.29% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $224 | $215 | $223 | $232 | $245 | $251 | $255 | $262 |
| ▁▂▂▃▄▆▆█ | Gross Loans ($M) | $1,397 | $1,433 | $1,450 | $1,473 | $1,510 | $1,546 | $1,560 | $1,634 |
| ▃▁▆▆█▆█▄ | Total Deposits ($M) | $1,559 | $1,532 | $1,589 | $1,592 | $1,620 | $1,595 | $1,614 | $1,574 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 12% |