Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.93% | -0.27 | 1.19% |
| Return on Equity (%) | ▼ | 7.63% | -3.28 | 10.91% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.15 | 4.08% |
| Efficiency Ratio (%) | ▲ | 72.60% | -0.28 | 72.88% |
| Pre-Provision Profit ($M) | ▼ | $9 | -1.03 | $10 |
| Cost of Funds (%) | ▲ | 1.16% | -0.07 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,783 | -3.80 | $2,787 |
| Gross Loans ($M) | ▼ | $2,011 | -19.94 | $2,031 |
| Loan Growth YoY (%) | ▼ | 87.32% | -0.80 | 88.12% |
| Total Deposits ($M) | ▼ | $2,278 | -2.83 | $2,281 |
| Shareholders Equity ($M) | ▲ | $341 | +2.59 | $339 |
| Tang. Book Value ($M) | ▲ | $321 | +5.26 | $316 |
| TBV excl. AOCI ($M)** | ▲ | $333 | +2.78 | $331 |
| Loan / Deposit Ratio (%) | ▼ | 87.32% | -0.80 | 88.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.56 | 0.72% |
| Allowance / Loans (%) | — | 1.11% | 0.05% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.49% | +0.77 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.75% | +0.11 | 15.64% |
Noninterest income ($6.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▇████ | Net Interest Margin (%) | 3.29% | 3.42% | 4.00% | 4.08% | 4.14% | 4.19% | 4.15% | 4.23% |
| ▂▁▆██▂▃▄ | Return on Assets (%) | 0.78% | 0.71% | 1.02% | 1.19% | 1.13% | 0.79% | 0.85% | 0.93% |
| ██▁▂▃▇▃▂ | Efficiency Ratio (%) | 78.8% | 79.9% | 70.6% | 72.9% | 73.3% | 78.6% | 73.5% | 72.6% |
| █▅▂▁▃▂▁▁ | Cost of Funds (%) | 1.95% | 1.57% | 1.32% | 1.23% | 1.41% | 1.29% | 1.19% | 1.16% |
| ▁▁▁▃▂▃▄█ | NPA / Assets (%) | 0.52% | 0.50% | 0.50% | 0.72% | 0.63% | 0.78% | 0.88% | 1.27% |
| ▁▁▁▃▂▄▅█ | Net Charge-Off Ratio (%) | 0.36% | 0.32% | 0.33% | 0.72% | 0.59% | 0.87% | 1.01% | 1.49% |
| ▁▁▁██▇██ | Tang. Book Value ($M) | $199 | $202 | $206 | $316 | $325 | $309 | $314 | $321 |
| ▁▁▂█████ | Gross Loans ($M) | $1,587 | $1,633 | $1,668 | $2,031 | $2,057 | $2,053 | $2,052 | $2,011 |
| ▁▁▁█████ | Total Deposits ($M) | $1,792 | $1,800 | $1,848 | $2,281 | $2,256 | $2,231 | $2,260 | $2,278 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 9% |
| Consumer | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 2% |