Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.24 | 1.63% |
| Return on Equity (%) | ▼ | 8.90% | -2.56 | 11.46% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.32 | 3.52% |
| Efficiency Ratio (%) | ▼ | 58.41% | +1.35 | 57.05% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.54 | $7 |
| Cost of Funds (%) | ▲ | 0.86% | -0.14 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,753 | +25.36 | $1,727 |
| Gross Loans ($M) | ▲ | $1,329 | +68.58 | $1,260 |
| Loan Growth YoY (%) | ▲ | 110.43% | +4.83 | 105.60% |
| Total Deposits ($M) | ▲ | $1,192 | +9.59 | $1,183 |
| Shareholders Equity ($M) | ▲ | $277 | +22.00 | $255 |
| Tang. Book Value ($M) | ▲ | $276 | +21.97 | $254 |
| TBV excl. AOCI ($M)** | ▲ | $291 | +20.64 | $270 |
| Loan / Deposit Ratio (%) | ▲ | 110.43% | +4.83 | 105.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.17 | 0.53% |
| Allowance / Loans (%) | — | 0.93% | 0.02% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.25 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.03% | +1.31 | 20.72% |
Noninterest income ($2.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 3.23% | 3.30% | 3.47% | 3.52% | 3.55% | 3.59% | 3.82% | 3.84% |
| ▄▁▃▇█▅▁▅ | Return on Assets (%) | 1.29% | 0.94% | 1.22% | 1.63% | 1.73% | 1.40% | 0.99% | 1.39% |
| ██▁▁▂▅▃▂ | Efficiency Ratio (%) | 69.8% | 71.2% | 55.7% | 57.1% | 58.7% | 64.8% | 60.1% | 58.4% |
| █▇▆█▆▅▄▁ | Cost of Funds (%) | 1.02% | 0.99% | 0.97% | 1.00% | 0.98% | 0.95% | 0.93% | 0.86% |
| ▁▁▂█▆▆▆▅ | NPA / Assets (%) | 0.15% | 0.15% | 0.23% | 0.53% | 0.40% | 0.40% | 0.42% | 0.36% |
| ▁▁▂█▆▅▆▅ | Net Charge-Off Ratio (%) | 0.21% | 0.20% | 0.31% | 0.73% | 0.54% | 0.53% | 0.56% | 0.48% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $237 | $234 | $243 | $254 | $265 | $269 | $272 | $276 |
| ▁▂▃▃▆▇▇█ | Gross Loans ($M) | $1,224 | $1,243 | $1,257 | $1,260 | $1,298 | $1,314 | $1,305 | $1,329 |
| █▃▂▂▅▁▂▃ | Total Deposits ($M) | $1,250 | $1,198 | $1,189 | $1,183 | $1,214 | $1,171 | $1,184 | $1,192 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 1% |