Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.35% | -0.04 | 0.39% |
| Return on Equity (%) | ▼ | 3.75% | -0.42 | 4.17% |
| Net Interest Margin (%) | ▼ | 4.45% | -0.20 | 4.65% |
| Efficiency Ratio (%) | ▼ | 90.07% | +0.92 | 89.15% |
| Pre-Provision Profit ($M) | ▼ | $5 | -1.10 | $6 |
| Cost of Funds (%) | ▼ | 0.55% | +0.03 | 0.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,780 | +231.32 | $2,549 |
| Gross Loans ($M) | ▲ | $1,807 | +19.73 | $1,787 |
| Loan Growth YoY (%) | ▼ | 70.56% | -6.08 | 76.64% |
| Total Deposits ($M) | ▲ | $2,515 | +214.67 | $2,300 |
| Shareholders Equity ($M) | ▲ | $255 | +13.57 | $242 |
| Tang. Book Value ($M) | ▲ | $249 | +14.09 | $235 |
| TBV excl. AOCI ($M)** | ▲ | $282 | +18.65 | $264 |
| Loan / Deposit Ratio (%) | ▼ | 70.56% | -6.08 | 76.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.17 | 0.75% |
| Allowance / Loans (%) | — | 1.79% | 0.43% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.34% | +0.29 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆██▇▅▁▁ | Net Interest Margin (%) | 4.57% | 4.61% | 4.66% | 4.65% | 4.61% | 4.56% | 4.47% | 4.45% |
| ▇█▂█▅█▁▆ | Return on Assets (%) | 0.37% | 0.39% | 0.29% | 0.39% | 0.33% | 0.39% | 0.26% | 0.35% |
| ▃▁▇▁▃▁█▃ | Efficiency Ratio (%) | 90.1% | 89.2% | 91.4% | 89.1% | 90.0% | 89.1% | 92.0% | 90.1% |
| █▃▁▁▂▃▃▂ | Cost of Funds (%) | 0.84% | 0.58% | 0.50% | 0.53% | 0.57% | 0.59% | 0.61% | 0.55% |
| ▁▁▅▆█▇▆█ | NPA / Assets (%) | 0.27% | 0.26% | 0.67% | 0.75% | 0.92% | 0.77% | 0.71% | 0.92% |
| ▁▁▅▆█▇▆█ | Net Charge-Off Ratio (%) | 0.38% | 0.36% | 0.93% | 1.05% | 1.31% | 1.13% | 1.05% | 1.34% |
| ▂▁▄▅▇███ | Tang. Book Value ($M) | $223 | $215 | $229 | $235 | $243 | $248 | $247 | $249 |
| ▁▅▇▇▇▇██ | Gross Loans ($M) | $1,677 | $1,755 | $1,786 | $1,787 | $1,778 | $1,778 | $1,804 | $1,807 |
| ▁▄▅▅▅▇██ | Total Deposits ($M) | $2,068 | $2,256 | $2,293 | $2,300 | $2,308 | $2,453 | $2,471 | $2,515 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 7% |
| Consumer | 16% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 65% |
| Interest-Bearing (core) | 33% |
| Brokered / Other | 2% |