Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.14 | 0.67% |
| Return on Equity (%) | ▲ | 8.38% | +0.94 | 7.44% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.19 | 2.91% |
| Efficiency Ratio (%) | ▲ | 69.65% | -3.51 | 73.16% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.14 | $7 |
| Cost of Funds (%) | ▲ | 1.47% | -0.05 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,303 | +145.48 | $3,158 |
| Gross Loans ($M) | ▲ | $2,386 | +167.89 | $2,218 |
| Loan Growth YoY (%) | ▲ | 92.62% | +1.00 | 91.63% |
| Total Deposits ($M) | ▲ | $2,550 | +154.67 | $2,395 |
| Shareholders Equity ($M) | ▲ | $326 | +33.66 | $293 |
| Tang. Book Value ($M) | ▲ | $308 | +33.72 | $274 |
| TBV excl. AOCI ($M)** | ▲ | $333 | +29.31 | $304 |
| Loan / Deposit Ratio (%) | ▲ | 92.62% | +1.00 | 91.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.06 | 0.27% |
| Allowance / Loans (%) | — | 1.02% | -0.04% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.10 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆▇█ | Net Interest Margin (%) | 2.56% | 2.58% | 2.86% | 2.91% | 2.94% | 2.95% | 3.03% | 3.10% |
| ▃▁▇▇▇▆██ | Return on Assets (%) | 0.39% | 0.23% | 0.67% | 0.67% | 0.68% | 0.61% | 0.77% | 0.81% |
| ██▃▃▃▅▁▁ | Efficiency Ratio (%) | 80.6% | 81.5% | 72.8% | 73.2% | 73.2% | 75.8% | 70.1% | 69.7% |
| █▇▃▂▂▃▁▁ | Cost of Funds (%) | 1.87% | 1.80% | 1.58% | 1.52% | 1.53% | 1.57% | 1.45% | 1.47% |
| █▆▃▂▁▁▁▁ | NPA / Assets (%) | 0.48% | 0.39% | 0.28% | 0.27% | 0.24% | 0.23% | 0.22% | 0.21% |
| █▆▃▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.72% | 0.56% | 0.40% | 0.38% | 0.34% | 0.33% | 0.31% | 0.29% |
| ▂▁▃▄▅▇▇█ | Tang. Book Value ($M) | $260 | $249 | $264 | $274 | $285 | $294 | $300 | $308 |
| ▁▃▃▅▆▇▇█ | Gross Loans ($M) | $2,041 | $2,131 | $2,158 | $2,218 | $2,284 | $2,318 | $2,322 | $2,386 |
| ▁▃▃▄▃▇██ | Total Deposits ($M) | $2,254 | $2,330 | $2,357 | $2,395 | $2,355 | $2,482 | $2,521 | $2,550 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |