Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.54 | 1.01% |
| Return on Equity (%) | ▲ | 26.42% | +7.38 | 19.04% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.40 | 3.41% |
| Efficiency Ratio (%) | ▲ | 64.31% | -8.21 | 72.52% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.81 | $4 |
| Cost of Funds (%) | ▲ | 1.17% | -0.07 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,255 | +8.82 | $1,247 |
| Gross Loans ($M) | ▲ | $891 | +52.48 | $838 |
| Loan Growth YoY (%) | ▲ | 83.05% | +2.57 | 80.48% |
| Total Deposits ($M) | ▲ | $1,062 | +30.18 | $1,031 |
| Shareholders Equity ($M) | ▲ | $77 | +10.09 | $67 |
| Tang. Book Value ($M) | ▲ | $77 | +10.11 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +9.05 | $81 |
| Loan / Deposit Ratio (%) | ▲ | 83.05% | +2.57 | 80.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.06 | 0.21% |
| Allowance / Loans (%) | — | 1.02% | 0.04% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.10 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.78% | -0.27 | 12.05% |
Noninterest income ($4.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▅▆▇█ | Net Interest Margin (%) | 2.97% | 3.06% | 3.42% | 3.41% | 3.43% | 3.53% | 3.66% | 3.81% |
| ▁▁▃▃▆▆██ | Return on Assets (%) | 0.79% | 0.76% | 0.96% | 1.01% | 1.28% | 1.30% | 1.46% | 1.55% |
| ██▆▆▃▃▁▁ | Efficiency Ratio (%) | 77.2% | 76.0% | 73.7% | 72.5% | 68.0% | 67.8% | 65.0% | 64.3% |
| █▇▆▄▅▄▁▂ | Cost of Funds (%) | 1.39% | 1.35% | 1.29% | 1.24% | 1.26% | 1.23% | 1.12% | 1.17% |
| █▄▃▂▂▅▁▁ | NPA / Assets (%) | 0.43% | 0.28% | 0.24% | 0.21% | 0.19% | 0.30% | 0.15% | 0.15% |
| █▄▃▂▂▄▁▁ | Net Charge-Off Ratio (%) | 0.68% | 0.42% | 0.35% | 0.32% | 0.29% | 0.44% | 0.22% | 0.21% |
| ▆▁▂▃█▇██ | Tang. Book Value ($M) | $73 | $63 | $66 | $67 | $76 | $74 | $75 | $77 |
| ▁▃▁▄▅▆██ | Gross Loans ($M) | $805 | $827 | $811 | $838 | $851 | $869 | $889 | $891 |
| ▁▁▃▂▁▄█▅ | Total Deposits ($M) | $1,022 | $1,029 | $1,045 | $1,031 | $1,021 | $1,052 | $1,086 | $1,062 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |