Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.36 | 0.81% |
| Return on Equity (%) | ▲ | 12.49% | +4.17 | 8.32% |
| Net Interest Margin (%) | ▼ | 3.63% | -0.79 | 4.42% |
| Efficiency Ratio (%) | ▲ | 62.61% | -18.40 | 81.01% |
| Pre-Provision Profit ($M) | ▲ | $11 | +4.27 | $7 |
| Cost of Funds (%) | ▲ | 1.80% | -0.10 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,984 | +225.30 | $2,758 |
| Gross Loans ($M) | ▲ | $2,472 | +194.77 | $2,277 |
| Loan Growth YoY (%) | ▲ | 106.87% | +6.51 | 100.35% |
| Total Deposits ($M) | ▲ | $2,299 | +45.23 | $2,253 |
| Shareholders Equity ($M) | ▲ | $281 | +29.58 | $251 |
| Tang. Book Value ($M) | ▲ | $260 | +31.88 | $229 |
| TBV excl. AOCI ($M)** | ▲ | $273 | +31.60 | $241 |
| Loan / Deposit Ratio (%) | ▲ | 106.87% | +6.51 | 100.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.05 | 0.52% |
| Allowance / Loans (%) | — | 0.64% | -0.07% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.16 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁█▆▆▅▃▃ | Net Interest Margin (%) | 3.05% | 3.08% | 4.90% | 4.42% | 4.23% | 4.11% | 3.58% | 3.63% |
| ▁▁▁▃▁▂▆█ | Return on Assets (%) | 0.62% | 0.65% | 0.64% | 0.81% | 0.68% | 0.70% | 0.98% | 1.17% |
| ▄▄█▅▆▄▁▁ | Efficiency Ratio (%) | 77.2% | 75.6% | 92.8% | 81.0% | 82.7% | 77.7% | 64.7% | 62.6% |
| ██▆▄▃▁▁▁ | Cost of Funds (%) | 2.03% | 2.00% | 1.95% | 1.90% | 1.86% | 1.79% | 1.79% | 1.80% |
| ▁▂▄██▇▇▇ | NPA / Assets (%) | 0.23% | 0.30% | 0.36% | 0.52% | 0.49% | 0.48% | 0.46% | 0.46% |
| ▁▂▄██▇▄▅ | Net Charge-Off Ratio (%) | 0.28% | 0.35% | 0.44% | 0.62% | 0.59% | 0.57% | 0.45% | 0.46% |
| ▁▁▆▆▇▇██ | Tang. Book Value ($M) | $146 | $147 | $221 | $229 | $235 | $243 | $250 | $260 |
| ▁▁▇▇████ | Gross Loans ($M) | $985 | $993 | $2,222 | $2,277 | $2,310 | $2,380 | $2,397 | $2,472 |
| ▁▁██████ | Total Deposits ($M) | $906 | $896 | $2,271 | $2,253 | $2,318 | $2,289 | $2,271 | $2,299 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |