Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.22 | 0.46% |
| Return on Equity (%) | ▲ | 6.47% | +1.52 | 4.95% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.19 | 2.87% |
| Efficiency Ratio (%) | ▲ | 73.92% | -5.53 | 79.45% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.19 | $3 |
| Cost of Funds (%) | ▼ | 2.05% | +0.02 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,764 | +0.71 | $1,763 |
| Gross Loans ($M) | ▲ | $1,477 | +20.22 | $1,457 |
| Loan Growth YoY (%) | ▼ | 102.22% | -2.88 | 105.10% |
| Total Deposits ($M) | ▲ | $1,431 | +57.51 | $1,373 |
| Shareholders Equity ($M) | ▲ | $190 | +14.45 | $176 |
| Tang. Book Value ($M) | ▲ | $181 | +14.25 | $167 |
| TBV excl. AOCI ($M)** | ▲ | $187 | +13.59 | $173 |
| Loan / Deposit Ratio (%) | ▼ | 102.22% | -2.88 | 105.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.26 | 0.14% |
| Allowance / Loans (%) | — | 0.99% | 0.05% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.31 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.15% | +0.25 | 12.90% |
Noninterest income ($2.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇▅█ | Net Interest Margin (%) | 2.66% | 2.72% | 2.79% | 2.87% | 2.93% | 2.99% | 2.88% | 3.06% |
| ▂▂▁▃▄▅▅█ | Return on Assets (%) | 0.43% | 0.42% | 0.36% | 0.46% | 0.50% | 0.55% | 0.55% | 0.67% |
| ▇▇█▅▄▃▂▁ | Efficiency Ratio (%) | 80.9% | 81.4% | 82.8% | 79.5% | 77.7% | 76.6% | 76.0% | 73.9% |
| █▅▁▄▄▇▃▄ | Cost of Funds (%) | 2.17% | 2.07% | 1.94% | 2.03% | 2.03% | 2.12% | 2.02% | 2.05% |
| ▅▁▁▁▃▃█▆ | NPA / Assets (%) | 0.34% | 0.16% | 0.16% | 0.14% | 0.26% | 0.27% | 0.52% | 0.40% |
| ▅▁▁▁▃▃█▆ | Net Charge-Off Ratio (%) | 0.41% | 0.19% | 0.19% | 0.17% | 0.31% | 0.33% | 0.62% | 0.48% |
| ▁▁▁▆▇▇██ | Tang. Book Value ($M) | $137 | $137 | $141 | $167 | $171 | $175 | $178 | $181 |
| ▁▁▃▆████ | Gross Loans ($M) | $1,372 | $1,375 | $1,411 | $1,457 | $1,480 | $1,492 | $1,487 | $1,477 |
| ▁▁▂▄▄█▇▇ | Total Deposits ($M) | $1,312 | $1,317 | $1,334 | $1,373 | $1,377 | $1,459 | $1,425 | $1,431 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 30% |