Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.20 | 0.65% |
| Return on Equity (%) | ▲ | 13.09% | +0.54 | 12.55% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.27 | 3.34% |
| Efficiency Ratio (%) | ▲ | 77.99% | -3.42 | 81.41% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.99 | $5 |
| Cost of Funds (%) | ▲ | 0.80% | -0.20 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,854 | -100.79 | $2,955 |
| Gross Loans ($M) | ▼ | $1,767 | -102.15 | $1,869 |
| Loan Growth YoY (%) | ▼ | 68.58% | -4.84 | 73.42% |
| Total Deposits ($M) | ▲ | $2,554 | +30.61 | $2,524 |
| Shareholders Equity ($M) | ▲ | $204 | +47.90 | $156 |
| Tang. Book Value ($M) | ▲ | $204 | +47.90 | $156 |
| TBV excl. AOCI ($M)** | ▲ | $241 | +47.31 | $194 |
| Loan / Deposit Ratio (%) | ▼ | 68.58% | -4.84 | 73.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.15 | 0.11% |
| Allowance / Loans (%) | — | 0.85% | -0.01% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.31 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.59% | +1.92 | 12.67% |
Noninterest income ($3.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▇██ | Net Interest Margin (%) | 2.98% | 3.08% | 3.24% | 3.34% | 3.43% | 3.46% | 3.59% | 3.60% |
| ▁▁▂▃▄▇▃█ | Return on Assets (%) | 0.56% | 0.58% | 0.60% | 0.65% | 0.70% | 0.81% | 0.67% | 0.86% |
| ▅▅█▆▃▁▂▁ | Efficiency Ratio (%) | 80.9% | 80.6% | 83.2% | 81.4% | 79.9% | 78.4% | 78.9% | 78.0% |
| █▅▄▄▂▁▁▁ | Cost of Funds (%) | 1.27% | 1.09% | 1.01% | 1.00% | 0.87% | 0.80% | 0.83% | 0.80% |
| ▁▁▁▁▁█▃▂ | NPA / Assets (%) | 0.05% | 0.06% | 0.05% | 0.11% | 0.13% | 0.93% | 0.35% | 0.26% |
| ▁▁▁▁▁█▃▃ | Net Charge-Off Ratio (%) | 0.03% | 0.07% | 0.05% | 0.06% | 0.08% | 1.39% | 0.43% | 0.37% |
| ▄▁▂▂▃▅▇█ | Tang. Book Value ($M) | $171 | $147 | $158 | $156 | $168 | $181 | $192 | $204 |
| ██▇▆█▅▁▁ | Gross Loans ($M) | $1,908 | $1,908 | $1,888 | $1,869 | $1,893 | $1,844 | $1,767 | $1,767 |
| ▁▃▁▁▆█▇▂ | Total Deposits ($M) | $2,539 | $2,569 | $2,537 | $2,524 | $2,637 | $2,693 | $2,665 | $2,554 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 5% |