Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.49% | +0.13 | 0.36% |
| Return on Equity (%) | ▲ | 4.87% | +0.95 | 3.92% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.40 | 2.20% |
| Efficiency Ratio (%) | ▲ | 78.08% | -3.80 | 81.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.78 | $3 |
| Cost of Funds (%) | ▲ | 2.08% | -0.17 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,810 | -65.30 | $1,875 |
| Gross Loans ($M) | ▼ | $1,259 | -15.06 | $1,274 |
| Loan Growth YoY (%) | ▲ | 79.52% | +0.55 | 78.97% |
| Total Deposits ($M) | ▼ | $1,558 | -30.88 | $1,589 |
| Shareholders Equity ($M) | ▲ | $188 | +11.20 | $177 |
| Tang. Book Value ($M) | ▲ | $188 | +11.20 | $177 |
| TBV excl. AOCI ($M)** | ▲ | $200 | +7.02 | $193 |
| Loan / Deposit Ratio (%) | ▲ | 79.52% | +0.55 | 78.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +1.04 | 0.03% |
| Allowance / Loans (%) | — | 1.58% | 0.08% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 1.54% | +1.49 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 1.94% | 1.97% | 2.09% | 2.20% | 2.30% | 2.35% | 2.46% | 2.60% |
| ▁▁▃▅▆█▆█ | Return on Assets (%) | 0.16% | 0.19% | 0.28% | 0.36% | 0.39% | 0.46% | 0.38% | 0.49% |
| ██▆▃▂▁▃▁ | Efficiency Ratio (%) | 90.1% | 89.1% | 86.1% | 81.9% | 79.7% | 77.5% | 81.3% | 78.1% |
| █▇▄▄▄▃▁▁ | Cost of Funds (%) | 2.45% | 2.37% | 2.25% | 2.25% | 2.26% | 2.20% | 2.08% | 2.08% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.03% | 0.04% | 0.03% | 0.04% | 1.07% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.02% | 0.05% | 0.06% | 0.05% | 0.05% | 1.54% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $170 | $171 | $174 | $177 | $180 | $183 | $185 | $188 |
| ▁▅▃▆▇▇█▅ | Gross Loans ($M) | $1,212 | $1,257 | $1,243 | $1,274 | $1,282 | $1,284 | $1,302 | $1,259 |
| ▁█▅▅▄▆▇▂ | Total Deposits ($M) | $1,544 | $1,632 | $1,595 | $1,589 | $1,587 | $1,604 | $1,615 | $1,558 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |