Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.23 | 0.47% |
| Return on Equity (%) | ▲ | 7.13% | +2.15 | 4.98% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.39 | 2.58% |
| Efficiency Ratio (%) | ▲ | 71.27% | -6.87 | 78.14% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.05 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.27 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,538 | +41.35 | $1,497 |
| Gross Loans ($M) | ▲ | $1,306 | +20.43 | $1,286 |
| Loan Growth YoY (%) | ▼ | 103.51% | -3.48 | 106.99% |
| Total Deposits ($M) | ▲ | $1,246 | +59.60 | $1,187 |
| Shareholders Equity ($M) | ▲ | $156 | +12.12 | $144 |
| Tang. Book Value ($M) | ▲ | $151 | +11.97 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +12.94 | $146 |
| Loan / Deposit Ratio (%) | ▼ | 103.51% | -3.48 | 106.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.00 | 0.20% |
| Allowance / Loans (%) | — | 1.23% | -0.02% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.01 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.10% | +0.20 | 11.91% |
Noninterest income ($1.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆▇█ | Net Interest Margin (%) | 2.27% | 2.30% | 2.54% | 2.58% | 2.63% | 2.74% | 2.87% | 2.98% |
| ▁▂▃▄▅▆▅█ | Return on Assets (%) | 0.28% | 0.34% | 0.44% | 0.47% | 0.51% | 0.56% | 0.54% | 0.71% |
| ██▅▅▄▄▄▁ | Efficiency Ratio (%) | 83.9% | 83.3% | 78.5% | 78.1% | 77.2% | 76.3% | 76.8% | 71.3% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.44% | 2.22% | 2.10% | 2.07% | 2.05% | 1.88% | 1.86% | 1.80% |
| ▁▁▁█▇███ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.20% | 0.19% | 0.20% | 0.21% | 0.20% |
| ▁▁▁█▇███ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.03% | 0.23% | 0.22% | 0.24% | 0.26% | 0.24% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $134 | $133 | $136 | $139 | $142 | $146 | $148 | $151 |
| ▂▁▂▄▆█▃▇ | Gross Loans ($M) | $1,268 | $1,259 | $1,273 | $1,286 | $1,299 | $1,317 | $1,280 | $1,306 |
| ▁▂▄▃▄█▆▆ | Total Deposits ($M) | $1,144 | $1,176 | $1,212 | $1,187 | $1,206 | $1,294 | $1,248 | $1,246 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |