Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.18 | 0.88% |
| Return on Equity (%) | ▲ | 13.87% | +1.27 | 12.60% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.22 | 3.70% |
| Efficiency Ratio (%) | ▲ | 63.02% | -5.07 | 68.10% |
| Pre-Provision Profit ($M) | ▲ | $9 | +0.78 | $8 |
| Cost of Funds (%) | ▲ | 1.88% | -0.26 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,104 | +60.68 | $2,043 |
| Gross Loans ($M) | ▲ | $1,600 | +85.18 | $1,515 |
| Loan Growth YoY (%) | ▲ | 88.96% | +4.89 | 84.07% |
| Total Deposits ($M) | ▼ | $1,780 | -4.13 | $1,784 |
| Shareholders Equity ($M) | ▲ | $162 | +18.80 | $143 |
| Tang. Book Value ($M) | ▲ | $140 | +19.31 | $121 |
| TBV excl. AOCI ($M)** | ▲ | $157 | +18.37 | $138 |
| Loan / Deposit Ratio (%) | ▲ | 88.96% | +4.89 | 84.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.00 | 0.76% |
| Allowance / Loans (%) | — | 1.07% | 0.05% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.89% | -0.02 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.32% | +0.34 | 9.97% |
Noninterest income ($3.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇██ | Net Interest Margin (%) | 3.32% | 3.36% | 3.57% | 3.70% | 3.80% | 3.84% | 3.91% | 3.92% |
| ▁▂▃▅▆█▇█ | Return on Assets (%) | 0.64% | 0.71% | 0.76% | 0.88% | 0.93% | 1.01% | 1.00% | 1.06% |
| ▇▆█▅▄▃▂▁ | Efficiency Ratio (%) | 71.0% | 70.1% | 72.7% | 68.1% | 66.7% | 65.6% | 64.3% | 63.0% |
| █▆▅▄▄▂▁▁ | Cost of Funds (%) | 2.48% | 2.28% | 2.19% | 2.14% | 2.13% | 1.98% | 1.91% | 1.88% |
| █▆▃▃▃▁▄▃ | NPA / Assets (%) | 1.14% | 0.92% | 0.71% | 0.76% | 0.72% | 0.55% | 0.81% | 0.77% |
| █▅▂▃▃▁▄▃ | Net Charge-Off Ratio (%) | 1.45% | 1.10% | 0.82% | 0.91% | 0.87% | 0.66% | 1.00% | 0.89% |
| ▃▁▂▃▅▇▇█ | Tang. Book Value ($M) | $122 | $113 | $118 | $121 | $128 | $134 | $136 | $140 |
| ▁▁▁▃▁▅▄█ | Gross Loans ($M) | $1,495 | $1,492 | $1,487 | $1,515 | $1,490 | $1,546 | $1,534 | $1,600 |
| ▁▁█▇▁▁▆▆ | Total Deposits ($M) | $1,741 | $1,743 | $1,794 | $1,784 | $1,743 | $1,743 | $1,775 | $1,780 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 37% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |