Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.02% | -0.55 | 2.57% |
| Return on Equity (%) | ▼ | 20.70% | -4.73 | 25.43% |
| Net Interest Margin (%) | ▼ | 4.75% | -0.56 | 5.31% |
| Efficiency Ratio (%) | ▼ | 58.38% | +3.84 | 54.54% |
| Pre-Provision Profit ($M) | ▼ | $9 | -1.10 | $10 |
| Cost of Funds (%) | ▲ | 2.15% | -0.30 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,384 | -1.41 | $1,385 |
| Gross Loans ($M) | ▲ | $1,142 | +18.08 | $1,124 |
| Loan Growth YoY (%) | ▲ | 94.49% | +0.75 | 93.74% |
| Total Deposits ($M) | ▲ | $1,197 | +7.35 | $1,189 |
| Shareholders Equity ($M) | ▲ | $138 | +4.43 | $133 |
| Tang. Book Value ($M) | ▲ | $136 | +5.09 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 94.49% | +0.75 | 93.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.72% | -0.15 | 2.87% |
| Allowance / Loans (%) | — | 0.94% | 0.18% | 0.76% |
| Net Charge-Off Ratio (%) | ▼ | 1.43% | +0.20 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.06 | 11.06% |
Noninterest income ($3.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▅▅▅▁▂ | Net Interest Margin (%) | 5.78% | 5.87% | 5.18% | 5.31% | 5.34% | 5.24% | 4.58% | 4.75% |
| ▇█▅▆▆▅▁▃ | Return on Assets (%) | 2.65% | 2.89% | 2.42% | 2.57% | 2.55% | 2.35% | 1.69% | 2.02% |
| ▃▁▄▁▁▂█▅ | Efficiency Ratio (%) | 57.1% | 54.3% | 57.8% | 54.5% | 54.9% | 56.0% | 62.3% | 58.4% |
| █▆▃▄▅▃▁▁ | Cost of Funds (%) | 2.92% | 2.71% | 2.41% | 2.45% | 2.54% | 2.41% | 2.19% | 2.15% |
| ▁▄█▅▄█▇▄ | NPA / Assets (%) | 2.28% | 2.81% | 3.29% | 2.87% | 2.82% | 3.42% | 3.25% | 2.72% |
| █▃▅▄▁▅▅▄ | Net Charge-Off Ratio (%) | 2.44% | 0.96% | 1.55% | 1.23% | 0.43% | 1.47% | 1.57% | 1.43% |
| ▁▂▃▅▆▆▇█ | Tang. Book Value ($M) | $125 | $127 | $129 | $131 | $133 | $132 | $133 | $136 |
| ▁▁▃▇▅▅▆█ | Gross Loans ($M) | $1,011 | $999 | $1,045 | $1,124 | $1,087 | $1,086 | $1,104 | $1,142 |
| ▂▁▃▆██▇▇ | Total Deposits ($M) | $1,116 | $1,088 | $1,126 | $1,189 | $1,229 | $1,215 | $1,201 | $1,197 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 25% |