Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.16 | 0.94% |
| Return on Equity (%) | ▲ | 11.62% | +0.71 | 10.91% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.41 | 3.18% |
| Efficiency Ratio (%) | ▲ | 63.16% | -3.71 | 66.88% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.60 | $5 |
| Cost of Funds (%) | ▲ | 1.95% | -0.14 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,502 | -3.97 | $1,506 |
| Gross Loans ($M) | ▲ | $1,148 | +25.62 | $1,122 |
| Loan Growth YoY (%) | ▲ | 95.37% | +2.05 | 93.32% |
| Total Deposits ($M) | ▲ | $1,189 | +0.39 | $1,189 |
| Shareholders Equity ($M) | ▲ | $144 | +13.10 | $131 |
| Tang. Book Value ($M) | ▲ | $138 | +12.82 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +11.53 | $139 |
| Loan / Deposit Ratio (%) | ▲ | 95.37% | +2.05 | 93.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.04 | 1.04% |
| Allowance / Loans (%) | — | 1.17% | 0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 1.40% | +0.01 | 1.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.41% | +0.68 | 12.72% |
Noninterest income ($2.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 2.94% | 3.01% | 3.14% | 3.18% | 3.25% | 3.33% | 3.58% | 3.59% |
| ▁▂▂▅▆▇▇█ | Return on Assets (%) | 0.74% | 0.79% | 0.79% | 0.94% | 0.98% | 1.02% | 1.03% | 1.10% |
| █▆█▄▃▂▂▁ | Efficiency Ratio (%) | 71.1% | 69.3% | 71.5% | 66.9% | 66.2% | 64.9% | 64.4% | 63.2% |
| ██▆▆▇▄▁▁ | Cost of Funds (%) | 2.17% | 2.18% | 2.12% | 2.09% | 2.13% | 2.04% | 1.95% | 1.95% |
| ▁▁▄▇██▇█ | NPA / Assets (%) | 0.69% | 0.70% | 0.88% | 1.04% | 1.11% | 1.13% | 1.04% | 1.08% |
| ▁▁▃▇██▇▇ | Net Charge-Off Ratio (%) | 0.96% | 0.94% | 1.13% | 1.39% | 1.47% | 1.48% | 1.37% | 1.40% |
| ▂▁▂▃▆▆▇█ | Tang. Book Value ($M) | $121 | $119 | $123 | $125 | $131 | $133 | $133 | $138 |
| ▁▃▅▆▆▄▇█ | Gross Loans ($M) | $1,071 | $1,091 | $1,110 | $1,122 | $1,128 | $1,109 | $1,130 | $1,148 |
| ▂▃▁▇█▇█▇ | Total Deposits ($M) | $1,149 | $1,159 | $1,140 | $1,189 | $1,199 | $1,190 | $1,200 | $1,189 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |