Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.13 | 0.70% |
| Return on Equity (%) | ▲ | 8.81% | +0.70 | 8.11% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.32 | 3.31% |
| Efficiency Ratio (%) | ▲ | 72.86% | -3.12 | 75.98% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.21 | $5 |
| Cost of Funds (%) | ▲ | 0.88% | -0.04 | 0.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,952 | +98.43 | $1,854 |
| Gross Loans ($M) | ▲ | $1,166 | +6.87 | $1,159 |
| Loan Growth YoY (%) | ▼ | 65.86% | -2.75 | 68.61% |
| Total Deposits ($M) | ▲ | $1,748 | +80.58 | $1,668 |
| Shareholders Equity ($M) | ▲ | $189 | +18.40 | $171 |
| Tang. Book Value ($M) | ▲ | $188 | +18.56 | $169 |
| TBV excl. AOCI ($M)** | ▲ | $212 | +20.33 | $192 |
| Loan / Deposit Ratio (%) | ▼ | 65.86% | -2.75 | 68.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.04 | 0.45% |
| Allowance / Loans (%) | — | 1.21% | -0.04% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.20 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▇▇██ | Net Interest Margin (%) | 2.80% | 2.89% | 3.21% | 3.31% | 3.47% | 3.50% | 3.56% | 3.63% |
| ▁▁▅▄▆▇▇█ | Return on Assets (%) | 0.61% | 0.59% | 0.71% | 0.70% | 0.76% | 0.78% | 0.78% | 0.83% |
| █▃█▇▄▂▂▁ | Efficiency Ratio (%) | 76.6% | 74.2% | 77.0% | 76.0% | 74.9% | 73.7% | 73.9% | 72.9% |
| █▆▃▁▁▁▁▁ | Cost of Funds (%) | 1.22% | 1.11% | 0.98% | 0.92% | 0.90% | 0.89% | 0.92% | 0.88% |
| ▄▇▇█▁▃▃▇ | NPA / Assets (%) | 0.29% | 0.39% | 0.40% | 0.45% | 0.17% | 0.27% | 0.25% | 0.40% |
| ▄▇▇█▁▄▁▅ | Net Charge-Off Ratio (%) | 0.49% | 0.63% | 0.63% | 0.72% | 0.29% | 0.46% | 0.29% | 0.51% |
| ▂▁▃▄▆███ | Tang. Book Value ($M) | $160 | $152 | $162 | $169 | $179 | $184 | $185 | $188 |
| ██▆▂▁▄▇▄ | Gross Loans ($M) | $1,181 | $1,179 | $1,171 | $1,159 | $1,153 | $1,167 | $1,177 | $1,166 |
| ▁▅▂▁▅█▆▅ | Total Deposits ($M) | $1,651 | $1,741 | $1,671 | $1,668 | $1,740 | $1,807 | $1,768 | $1,748 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 3% |