Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.83% | -0.70 | 1.53% |
| Return on Equity (%) | ▼ | 10.59% | -5.79 | 16.38% |
| Net Interest Margin (%) | ▼ | 4.17% | -0.11 | 4.28% |
| Efficiency Ratio (%) | ▲ | 65.48% | -7.99 | 73.47% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.01 | $5 |
| Cost of Funds (%) | ▲ | 1.40% | -0.50 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,649 | +383.88 | $1,265 |
| Gross Loans ($M) | ▲ | $1,089 | +184.29 | $905 |
| Loan Growth YoY (%) | ▼ | 72.03% | -6.78 | 78.81% |
| Total Deposits ($M) | ▲ | $1,496 | +359.49 | $1,136 |
| Shareholders Equity ($M) | ▲ | $138 | +22.31 | $116 |
| Tang. Book Value ($M) | ▲ | $138 | +22.31 | $116 |
| Loan / Deposit Ratio (%) | ▼ | 72.03% | -6.78 | 78.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.02 | 0.13% |
| Allowance / Loans (%) | — | 1.10% | 0.04% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.01 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.89% | -0.73 | 12.62% |
Noninterest income ($7.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▄▂▃▁▂ | Net Interest Margin (%) | 4.47% | 4.42% | 4.12% | 4.28% | 4.18% | 4.22% | 4.14% | 4.17% |
| █████▇▁▅ | Return on Assets (%) | 1.63% | 1.64% | 1.61% | 1.53% | 1.46% | 1.33% | 0.01% | 0.83% |
| ▅▄██▇▅▁▁ | Efficiency Ratio (%) | 70.3% | 69.2% | 74.2% | 73.5% | 72.7% | 70.6% | 65.4% | 65.5% |
| ▇█▆▆▄▄▁▁ | Cost of Funds (%) | 1.95% | 2.09% | 1.86% | 1.90% | 1.73% | 1.68% | 1.44% | 1.40% |
| ▁▁▁▂▂█▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.07% | 0.13% | 0.13% | 0.51% | 0.12% | 0.12% |
| ▁▁▁▂▂█▂▁ | Net Charge-Off Ratio (%) | 0.10% | 0.11% | 0.09% | 0.19% | 0.20% | 0.78% | 0.19% | 0.18% |
| ▁▁▂▂▂▂▂█ | Tang. Book Value ($M) | $112 | $113 | $116 | $116 | $118 | $117 | $117 | $138 |
| ▁▁▃▃▆▇▇█ | Gross Loans ($M) | $830 | $809 | $911 | $905 | $1,002 | $1,020 | $1,037 | $1,089 |
| ▁▁▁▂▆▇██ | Total Deposits ($M) | $1,078 | $1,091 | $1,091 | $1,136 | $1,377 | $1,412 | $1,457 | $1,496 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 3% |