Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.21 | 1.25% |
| Return on Equity (%) | ▲ | 14.95% | +0.60 | 14.35% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.32 | 4.04% |
| Efficiency Ratio (%) | ▲ | 63.30% | -2.08 | 65.38% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.96 | $7 |
| Cost of Funds (%) | ▲ | 1.44% | -0.28 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,860 | +45.60 | $1,815 |
| Gross Loans ($M) | ▲ | $1,377 | +20.32 | $1,357 |
| Loan Growth YoY (%) | ▲ | 90.70% | +2.88 | 87.82% |
| Total Deposits ($M) | ▼ | $1,497 | -26.33 | $1,523 |
| Shareholders Equity ($M) | ▲ | $181 | +21.36 | $160 |
| Tang. Book Value ($M) | ▲ | $181 | +21.35 | $159 |
| TBV excl. AOCI ($M)** | ▲ | $193 | +22.58 | $170 |
| Loan / Deposit Ratio (%) | ▲ | 90.70% | +2.88 | 87.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.66 | 0.11% |
| Allowance / Loans (%) | — | 1.42% | 0.01% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.89 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.37% | +1.15 | 12.23% |
Noninterest income ($4.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▁▂▄▆██ | Net Interest Margin (%) | 4.09% | 4.18% | 3.93% | 4.04% | 4.12% | 4.24% | 4.31% | 4.36% |
| ▁▁▄▄▄▄█▇ | Return on Assets (%) | 1.05% | 1.07% | 1.26% | 1.25% | 1.27% | 1.28% | 1.53% | 1.46% |
| ▅▅▆▇▆█▁▃ | Efficiency Ratio (%) | 64.3% | 64.3% | 64.6% | 65.4% | 64.8% | 65.9% | 62.1% | 63.3% |
| █▅▅▅▆▃▁▂ | Cost of Funds (%) | 2.00% | 1.72% | 1.68% | 1.72% | 1.83% | 1.55% | 1.33% | 1.44% |
| ▂▁▁▁▁▁██ | NPA / Assets (%) | 0.23% | 0.11% | 0.11% | 0.11% | 0.09% | 0.14% | 0.76% | 0.77% |
| ▂▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.29% | 0.16% | 0.14% | 0.14% | 0.12% | 0.19% | 1.04% | 1.03% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $148 | $147 | $154 | $159 | $166 | $171 | $176 | $181 |
| ▁▃▄▇▇▆▇█ | Gross Loans ($M) | $1,215 | $1,272 | $1,290 | $1,357 | $1,353 | $1,322 | $1,339 | $1,377 |
| ▂▅▂▇▄▁█▅ | Total Deposits ($M) | $1,451 | $1,487 | $1,448 | $1,523 | $1,483 | $1,425 | $1,541 | $1,497 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 38% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 3% |