Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.35 | 0.72% |
| Return on Equity (%) | ▲ | 11.62% | +2.48 | 9.14% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.51 | 2.98% |
| Efficiency Ratio (%) | ▲ | 62.32% | -10.42 | 72.74% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.20 | $5 |
| Cost of Funds (%) | ▲ | 1.36% | -0.25 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,935 | +72.65 | $1,862 |
| Gross Loans ($M) | ▲ | $1,432 | +94.46 | $1,338 |
| Loan Growth YoY (%) | ▲ | 83.97% | +2.29 | 81.68% |
| Total Deposits ($M) | ▲ | $1,689 | +66.20 | $1,623 |
| Shareholders Equity ($M) | ▲ | $182 | +30.10 | $152 |
| Tang. Book Value ($M) | ▲ | $181 | +30.25 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $199 | +29.83 | $169 |
| Loan / Deposit Ratio (%) | ▲ | 83.97% | +2.29 | 81.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.05 | 0.45% |
| Allowance / Loans (%) | — | 0.99% | 0.06% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.02 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.75% | 2.78% | 2.88% | 2.98% | 3.06% | 3.12% | 3.40% | 3.48% |
| ▁▁▂▄▄▅██ | Return on Assets (%) | 0.48% | 0.51% | 0.61% | 0.72% | 0.73% | 0.78% | 1.04% | 1.07% |
| ███▆▆▅▁▁ | Efficiency Ratio (%) | 78.1% | 77.5% | 76.3% | 72.7% | 72.6% | 71.5% | 61.2% | 62.3% |
| ██▆▄▅▄▂▁ | Cost of Funds (%) | 1.87% | 1.85% | 1.72% | 1.61% | 1.63% | 1.59% | 1.47% | 1.36% |
| █▆▁▄▅▆█▇ | NPA / Assets (%) | 0.53% | 0.49% | 0.38% | 0.45% | 0.47% | 0.49% | 0.51% | 0.50% |
| █▆▁▄▃▄▅▅ | Net Charge-Off Ratio (%) | 0.75% | 0.68% | 0.53% | 0.63% | 0.61% | 0.62% | 0.65% | 0.65% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $142 | $137 | $145 | $151 | $164 | $171 | $175 | $181 |
| ▁▂▂▃▅███ | Gross Loans ($M) | $1,293 | $1,312 | $1,323 | $1,338 | $1,368 | $1,417 | $1,427 | $1,432 |
| ▁▁▁▃▂▆▆█ | Total Deposits ($M) | $1,598 | $1,603 | $1,606 | $1,623 | $1,620 | $1,659 | $1,666 | $1,689 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 10% |