Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.20 | 0.79% |
| Return on Equity (%) | ▲ | 8.46% | +1.34 | 7.12% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.43 | 2.90% |
| Efficiency Ratio (%) | ▲ | 57.84% | -9.79 | 67.63% |
| Pre-Provision Profit ($M) | ▲ | $11 | +3.71 | $7 |
| Cost of Funds (%) | ▲ | 1.51% | -0.18 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,804 | +161.36 | $2,642 |
| Gross Loans ($M) | ▲ | $2,229 | +77.94 | $2,151 |
| Loan Growth YoY (%) | ▼ | 91.78% | -2.18 | 93.96% |
| Total Deposits ($M) | ▲ | $2,396 | +133.57 | $2,262 |
| Shareholders Equity ($M) | ▲ | $339 | +37.65 | $302 |
| Tang. Book Value ($M) | ▲ | $313 | +37.81 | $275 |
| TBV excl. AOCI ($M)** | ▲ | $328 | +39.14 | $289 |
| Loan / Deposit Ratio (%) | ▼ | 91.78% | -2.18 | 93.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.47 | 0.04% |
| Allowance / Loans (%) | — | 1.33% | 0.17% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.59 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.75% | +0.91 | 12.84% |
Noninterest income ($4.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.70% | 2.73% | 2.80% | 2.90% | 2.99% | 3.04% | 3.25% | 3.33% |
| ▂▁▂▄▆▇▇█ | Return on Assets (%) | 0.71% | 0.66% | 0.75% | 0.79% | 0.87% | 0.92% | 0.95% | 0.99% |
| ██▆▆▄▄▁▁ | Efficiency Ratio (%) | 71.0% | 72.4% | 68.6% | 67.6% | 65.0% | 63.7% | 57.8% | 57.8% |
| ██▇▆▄▄▁▁ | Cost of Funds (%) | 1.81% | 1.80% | 1.74% | 1.69% | 1.64% | 1.62% | 1.48% | 1.51% |
| ▁▁▁▁▁▁▄█ | NPA / Assets (%) | 0.02% | 0.04% | 0.04% | 0.04% | 0.04% | 0.05% | 0.26% | 0.50% |
| ▁▁▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.03% | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% | 0.34% | 0.63% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $261 | $258 | $268 | $275 | $284 | $292 | $296 | $313 |
| ▁▁▃▄▄▅▅█ | Gross Loans ($M) | $2,078 | $2,094 | $2,121 | $2,151 | $2,148 | $2,167 | $2,164 | $2,229 |
| ▁▃▄▃▆▆█▇ | Total Deposits ($M) | $2,180 | $2,256 | $2,299 | $2,262 | $2,351 | $2,343 | $2,438 | $2,396 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |