Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.91% | -0.07 | 0.97% |
| Return on Equity (%) | ▼ | 19.88% | -7.63 | 27.51% |
| Net Interest Margin (%) | ▼ | 3.55% | -0.05 | 3.61% |
| Efficiency Ratio (%) | ▲ | 69.28% | -0.04 | 69.32% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.33 | $3 |
| Cost of Funds (%) | ▲ | 0.86% | -0.18 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,111 | +36.60 | $1,074 |
| Gross Loans ($M) | ▲ | $366 | +23.87 | $342 |
| Loan Growth YoY (%) | ▲ | 34.64% | +1.04 | 33.60% |
| Total Deposits ($M) | ▲ | $1,041 | +37.77 | $1,003 |
| Shareholders Equity ($M) | ▲ | $51 | +10.35 | $41 |
| Tang. Book Value ($M) | ▲ | $51 | +10.35 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +10.78 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 34.64% | +1.04 | 33.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.04% | +1.00 | 0.04% |
| Allowance / Loans (%) | — | 1.44% | 0.02% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 3.15% | +3.02 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.19% | +0.50 | 13.69% |
Noninterest income ($2.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▃▄▄▁▁ | Net Interest Margin (%) | 3.75% | 3.77% | 3.61% | 3.61% | 3.64% | 3.64% | 3.58% | 3.55% |
| █▄█▄▅▂▃▁ | Return on Assets (%) | 1.04% | 0.97% | 1.03% | 0.97% | 0.98% | 0.93% | 0.96% | 0.91% |
| ▁▅▄▆▇█▆▆ | Efficiency Ratio (%) | 66.3% | 68.6% | 68.2% | 69.3% | 69.9% | 70.6% | 69.5% | 69.3% |
| █▇▃▄▆▃▁▁ | Cost of Funds (%) | 1.25% | 1.15% | 0.99% | 1.04% | 1.11% | 0.96% | 0.87% | 0.86% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.04% | 0.04% | 1.08% | 1.06% | 1.04% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.10% | 0.09% | 0.10% | 0.13% | 0.13% | 3.23% | 3.18% | 3.15% |
| ▃▁▃▅▇███ | Tang. Book Value ($M) | $37 | $30 | $37 | $41 | $46 | $49 | $50 | $51 |
| ▁▁▁▂█▇██ | Gross Loans ($M) | $336 | $336 | $336 | $342 | $364 | $359 | $365 | $366 |
| ▂▁▄▇▆▆▇█ | Total Deposits ($M) | $916 | $874 | $957 | $1,003 | $992 | $991 | $1,020 | $1,041 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 29% |