Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.46% | +0.29 | 0.17% |
| Return on Equity (%) | ▲ | 5.80% | +3.57 | 2.23% |
| Net Interest Margin (%) | ▲ | 2.48% | +0.47 | 2.01% |
| Efficiency Ratio (%) | ▲ | 80.54% | -8.57 | 89.11% |
| Pre-Provision Profit ($M) | ▲ | $3 | +2.44 | $1 |
| Cost of Funds (%) | ▲ | 1.99% | -0.47 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,422 | +193.62 | $2,229 |
| Gross Loans ($M) | ▲ | $1,913 | +217.83 | $1,695 |
| Loan Growth YoY (%) | ▲ | 98.78% | +3.22 | 95.56% |
| Total Deposits ($M) | ▲ | $1,919 | +164.40 | $1,755 |
| Shareholders Equity ($M) | ▲ | $191 | +15.69 | $175 |
| Tang. Book Value ($M) | ▲ | $190 | +15.74 | $174 |
| TBV excl. AOCI ($M)** | ▲ | $204 | +14.29 | $190 |
| Loan / Deposit Ratio (%) | ▲ | 98.78% | +3.22 | 95.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.09 | 0.10% |
| Allowance / Loans (%) | — | 0.88% | -0.17% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.10 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.08% | -1.37 | 13.45% |
Noninterest income ($2.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄▇█ | Net Interest Margin (%) | 1.83% | 1.85% | 1.94% | 2.01% | 2.05% | 2.09% | 2.36% | 2.48% |
| ▁▁▂▁▂▃▃█ | Return on Assets (%) | 0.15% | 0.14% | 0.21% | 0.17% | 0.21% | 0.22% | 0.24% | 0.46% |
| ██▄▇▇▆▁▁ | Efficiency Ratio (%) | 91.2% | 90.9% | 84.1% | 89.1% | 88.7% | 88.2% | 79.8% | 80.5% |
| ██▅▅▄▄▁▁ | Cost of Funds (%) | 2.76% | 2.68% | 2.46% | 2.45% | 2.36% | 2.29% | 2.06% | 1.99% |
| ▁▁▂▃▅▃██ | NPA / Assets (%) | 0.07% | 0.08% | 0.10% | 0.10% | 0.14% | 0.11% | 0.19% | 0.19% |
| ▁▁▂▃▅▃██ | Net Charge-Off Ratio (%) | 0.09% | 0.10% | 0.13% | 0.14% | 0.18% | 0.15% | 0.25% | 0.24% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $164 | $169 | $172 | $174 | $177 | $182 | $185 | $190 |
| ▁▂▂▁▂▂▅█ | Gross Loans ($M) | $1,665 | $1,701 | $1,714 | $1,695 | $1,698 | $1,727 | $1,805 | $1,913 |
| ▃▁▁▁▁▂▂█ | Total Deposits ($M) | $1,791 | $1,747 | $1,753 | $1,755 | $1,739 | $1,775 | $1,770 | $1,919 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 17% |