Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.16 | 0.34% |
| Return on Equity (%) | ▲ | 5.86% | +1.66 | 4.20% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.39 | 2.84% |
| Efficiency Ratio (%) | ▲ | 83.92% | -4.40 | 88.32% |
| Pre-Provision Profit ($M) | ▲ | $5 | +3.02 | $2 |
| Cost of Funds (%) | ▲ | 1.50% | -0.18 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,035 | +138.51 | $2,896 |
| Gross Loans ($M) | ▲ | $2,508 | +84.67 | $2,423 |
| Loan Growth YoY (%) | ▲ | 95.09% | +1.62 | 93.47% |
| Total Deposits ($M) | ▲ | $2,617 | +44.02 | $2,573 |
| Shareholders Equity ($M) | ▲ | $258 | +23.06 | $235 |
| Tang. Book Value ($M) | ▲ | $248 | +20.07 | $228 |
| TBV excl. AOCI ($M)** | ▲ | $266 | +22.23 | $244 |
| Loan / Deposit Ratio (%) | ▲ | 95.09% | +1.62 | 93.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.07 | 0.05% |
| Allowance / Loans (%) | — | 0.75% | 0.02% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.08 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.01% | +0.24 | 11.77% |
Noninterest income ($5.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 2.45% | 2.50% | 2.79% | 2.84% | 2.88% | 2.96% | 3.19% | 3.23% |
| ▁▁▄▄▆█▆█ | Return on Assets (%) | 0.25% | 0.22% | 0.35% | 0.34% | 0.43% | 0.52% | 0.41% | 0.50% |
| ██▄▅▃▁▄▂ | Efficiency Ratio (%) | 92.1% | 91.9% | 87.2% | 88.3% | 85.0% | 82.5% | 87.1% | 83.9% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 1.94% | 1.78% | 1.69% | 1.68% | 1.69% | 1.59% | 1.50% | 1.50% |
| ▁▄▅▁▁▃▅█ | NPA / Assets (%) | 0.06% | 0.08% | 0.09% | 0.05% | 0.05% | 0.07% | 0.09% | 0.12% |
| ▁▄▃▁▁▃▅█ | Net Charge-Off Ratio (%) | 0.07% | 0.10% | 0.09% | 0.06% | 0.06% | 0.09% | 0.11% | 0.15% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $227 | $221 | $227 | $228 | $236 | $242 | $244 | $248 |
| ▁▃▂▃▄▆▆█ | Gross Loans ($M) | $2,394 | $2,433 | $2,412 | $2,423 | $2,449 | $2,479 | $2,467 | $2,508 |
| ▁▅▃▃▇██▆ | Total Deposits ($M) | $2,534 | $2,614 | $2,568 | $2,573 | $2,643 | $2,662 | $2,663 | $2,617 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 6% |