Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.11 | 1.24% |
| Return on Equity (%) | ▲ | 10.73% | +0.65 | 10.08% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.27 | 3.85% |
| Efficiency Ratio (%) | ▲ | 61.54% | -0.79 | 62.32% |
| Pre-Provision Profit ($M) | ▲ | $12 | +0.12 | $12 |
| Cost of Funds (%) | ▲ | 1.59% | -0.30 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,611 | -33.27 | $2,644 |
| Gross Loans ($M) | ▼ | $1,677 | -8.30 | $1,685 |
| Loan Growth YoY (%) | ▼ | 73.21% | -0.49 | 73.70% |
| Total Deposits ($M) | ▲ | $2,264 | +7.54 | $2,256 |
| Shareholders Equity ($M) | ▼ | $322 | -14.75 | $337 |
| Tang. Book Value ($M) | ▼ | $322 | -14.75 | $337 |
| TBV excl. AOCI ($M)** | ▼ | $350 | -8.43 | $359 |
| Loan / Deposit Ratio (%) | ▼ | 73.21% | -0.49 | 73.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.85% | -0.88 | 2.74% |
| Allowance / Loans (%) | — | 1.18% | -0.16% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 1.27% | +0.69 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -17.20 | 17.20% |
Noninterest income ($7.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.51% | 3.56% | 3.66% | 3.85% | 3.96% | 4.02% | 4.03% | 4.12% |
| ▁▁▁▄▅▅█▆ | Return on Assets (%) | 1.00% | 1.05% | 1.07% | 1.24% | 1.30% | 1.27% | 1.51% | 1.36% |
| ▁▂█▄▃▂▂▃ | Efficiency Ratio (%) | 59.7% | 60.7% | 65.4% | 62.3% | 61.1% | 60.5% | 60.9% | 61.5% |
| █▇▄▃▃▁▁▁ | Cost of Funds (%) | 2.49% | 2.36% | 2.00% | 1.89% | 1.86% | 1.57% | 1.54% | 1.59% |
| ▃▆▆▅▇█▁▁ | NPA / Assets (%) | 2.23% | 2.84% | 2.89% | 2.74% | 2.96% | 3.31% | 1.90% | 1.85% |
| ▆██▁▁▃▂▂ | Net Charge-Off Ratio (%) | 3.13% | 4.00% | 4.22% | 0.58% | 0.85% | 1.69% | 1.32% | 1.27% |
| ▁▁▃▅▇█▁▂ | Tang. Book Value ($M) | $315 | $317 | $327 | $337 | $348 | $358 | $315 | $322 |
| █▅▅▂▃▃▁▂ | Gross Loans ($M) | $1,854 | $1,758 | $1,755 | $1,685 | $1,687 | $1,687 | $1,629 | $1,677 |
| ▇▂▅▄▂█▁▄ | Total Deposits ($M) | $2,311 | $2,229 | $2,275 | $2,256 | $2,218 | $2,334 | $2,194 | $2,264 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 40% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 10% |