Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.14 | 1.49% |
| Return on Equity (%) | ▲ | 17.45% | +0.93 | 16.52% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.13 | 4.61% |
| Efficiency Ratio (%) | ▲ | 59.58% | -0.38 | 59.97% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.25 | $6 |
| Cost of Funds (%) | ▲ | 1.09% | -0.13 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,414 | +120.54 | $1,293 |
| Gross Loans ($M) | ▲ | $1,142 | +78.14 | $1,064 |
| Loan Growth YoY (%) | ▼ | 88.88% | -1.59 | 90.48% |
| Total Deposits ($M) | ▲ | $1,275 | +108.42 | $1,167 |
| Shareholders Equity ($M) | ▲ | $134 | +16.63 | $117 |
| Tang. Book Value ($M) | ▲ | $133 | +16.90 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +16.52 | $121 |
| Loan / Deposit Ratio (%) | ▼ | 88.88% | -1.59 | 90.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.14 | 0.29% |
| Allowance / Loans (%) | — | 0.77% | -0.02% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.18 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.02% | +0.79 | 12.22% |
Noninterest income ($2.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇██ | Net Interest Margin (%) | 4.30% | 4.37% | 4.54% | 4.61% | 4.64% | 4.66% | 4.69% | 4.74% |
| ▁▂▅▅▆▆▆█ | Return on Assets (%) | 1.30% | 1.34% | 1.48% | 1.49% | 1.54% | 1.54% | 1.52% | 1.63% |
| █▇▁▂▂▂▃▁ | Efficiency Ratio (%) | 64.8% | 64.0% | 59.3% | 60.0% | 60.2% | 60.6% | 60.9% | 59.6% |
| █▇▃▅▇▃▁▁ | Cost of Funds (%) | 1.33% | 1.29% | 1.15% | 1.22% | 1.28% | 1.15% | 1.09% | 1.09% |
| ██▁▇▂▂▃▂ | NPA / Assets (%) | 0.32% | 0.31% | 0.13% | 0.29% | 0.16% | 0.16% | 0.19% | 0.16% |
| █▆▁▇▁▂▃▁ | Net Charge-Off Ratio (%) | 0.39% | 0.33% | 0.16% | 0.36% | 0.19% | 0.19% | 0.22% | 0.17% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $109 | $109 | $114 | $116 | $122 | $126 | $129 | $133 |
| ▁▁▂▄▆███ | Gross Loans ($M) | $980 | $997 | $1,021 | $1,064 | $1,091 | $1,131 | $1,151 | $1,142 |
| ▁▁▃▄▅▆██ | Total Deposits ($M) | $1,087 | $1,105 | $1,154 | $1,167 | $1,191 | $1,226 | $1,265 | $1,275 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 3% |