Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.38 | 1.13% |
| Return on Equity (%) | ▼ | 5.89% | -3.09 | 8.98% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.17 | 3.92% |
| Efficiency Ratio (%) | ▼ | 76.35% | +13.63 | 62.72% |
| Pre-Provision Profit ($M) | ▼ | $5 | -3.87 | $9 |
| Cost of Funds (%) | ▼ | 1.58% | +0.07 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,341 | +243.82 | $2,097 |
| Gross Loans ($M) | ▲ | $1,899 | +332.27 | $1,567 |
| Loan Growth YoY (%) | ▲ | 93.14% | +7.09 | 86.05% |
| Total Deposits ($M) | ▲ | $2,009 | +215.65 | $1,793 |
| Shareholders Equity ($M) | ▲ | $286 | +21.89 | $264 |
| Tang. Book Value ($M) | ▼ | $247 | -3.60 | $250 |
| TBV excl. AOCI ($M)** | ▼ | $259 | -7.85 | $267 |
| Loan / Deposit Ratio (%) | ▲ | 93.14% | +7.09 | 86.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.16 | 0.55% |
| Allowance / Loans (%) | — | 1.48% | -0.04% | 1.52% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.22 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.22% | -4.06 | 17.28% |
Noninterest income ($4.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▃▄▃▃▆█ | Net Interest Margin (%) | 3.85% | 3.81% | 3.92% | 3.92% | 3.90% | 3.92% | 3.99% | 4.10% |
| ▆▄▇█▆▄▆▁ | Return on Assets (%) | 0.99% | 0.89% | 1.07% | 1.13% | 1.00% | 0.92% | 1.00% | 0.74% |
| ▅▆▂▁▃▃▆█ | Efficiency Ratio (%) | 70.9% | 72.3% | 64.7% | 62.7% | 66.2% | 66.9% | 72.5% | 76.4% |
| ▁▆▂▆▆█▃█ | Cost of Funds (%) | 1.36% | 1.51% | 1.41% | 1.51% | 1.53% | 1.59% | 1.42% | 1.58% |
| ▁▁████▄▄ | NPA / Assets (%) | 0.27% | 0.27% | 0.52% | 0.55% | 0.53% | 0.52% | 0.41% | 0.39% |
| ▁▁████▄▃ | Net Charge-Off Ratio (%) | 0.38% | 0.36% | 0.71% | 0.69% | 0.69% | 0.67% | 0.52% | 0.48% |
| ▁▁▃▄▅▇█▃ | Tang. Book Value ($M) | $234 | $237 | $244 | $250 | $256 | $266 | $271 | $247 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $1,421 | $1,456 | $1,510 | $1,567 | $1,639 | $1,672 | $1,727 | $1,899 |
| ▂▁▃▄▇▄▆█ | Total Deposits ($M) | $1,723 | $1,638 | $1,771 | $1,793 | $1,933 | $1,783 | $1,891 | $2,009 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 16% |