Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.75% | +0.02 | 0.72% |
| Return on Equity (%) | ▼ | 8.63% | -0.43 | 9.06% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.10 | 3.24% |
| Efficiency Ratio (%) | ▲ | 72.16% | -0.31 | 72.47% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.65 | $5 |
| Cost of Funds (%) | ▲ | 1.56% | -0.05 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,872 | +40.19 | $1,832 |
| Gross Loans ($M) | ▲ | $1,528 | +24.98 | $1,503 |
| Loan Growth YoY (%) | ▼ | 96.11% | -3.79 | 99.90% |
| Total Deposits ($M) | ▲ | $1,570 | +82.53 | $1,487 |
| Shareholders Equity ($M) | ▲ | $167 | +16.88 | $150 |
| Tang. Book Value ($M) | ▲ | $160 | +16.07 | $144 |
| TBV excl. AOCI ($M)** | ▲ | $171 | +16.06 | $155 |
| Loan / Deposit Ratio (%) | ▼ | 96.11% | -3.79 | 99.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.06 | 0.36% |
| Allowance / Loans (%) | — | 1.26% | 0.11% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.07 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.64% | +0.97 | 13.66% |
Noninterest income ($3.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▇████ | Net Interest Margin (%) | 2.66% | 2.76% | 3.18% | 3.24% | 3.27% | 3.29% | 3.26% | 3.34% |
| ▁▂█▇██▇▇ | Return on Assets (%) | 0.22% | 0.32% | 0.78% | 0.72% | 0.80% | 0.85% | 0.73% | 0.75% |
| █▇▃▃▁▁▃▂ | Efficiency Ratio (%) | 83.1% | 80.3% | 72.6% | 72.5% | 70.4% | 68.8% | 73.6% | 72.2% |
| █▅▃▁▃▂▁▁ | Cost of Funds (%) | 2.08% | 1.84% | 1.70% | 1.61% | 1.73% | 1.67% | 1.61% | 1.56% |
| ▁▁▅▇▅█▇▅ | NPA / Assets (%) | 0.16% | 0.17% | 0.29% | 0.36% | 0.31% | 0.41% | 0.37% | 0.30% |
| ▁▁▅▆▅█▇▅ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.37% | 0.43% | 0.39% | 0.52% | 0.47% | 0.37% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $134 | $135 | $140 | $144 | $150 | $154 | $157 | $160 |
| ▁▄▄▇▇▆▆█ | Gross Loans ($M) | $1,395 | $1,445 | $1,451 | $1,503 | $1,504 | $1,484 | $1,491 | $1,528 |
| ▅▁▃▁▇▆█▅ | Total Deposits ($M) | $1,566 | $1,500 | $1,540 | $1,487 | $1,610 | $1,582 | $1,632 | $1,570 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |