Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -0.15 | 1.07% |
| Return on Equity (%) | ▼ | 8.29% | -1.76 | 10.05% |
| Net Interest Margin (%) | ▼ | 4.14% | -0.00 | 4.14% |
| Efficiency Ratio (%) | ▲ | 70.94% | -0.11 | 71.04% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.21 | $4 |
| Cost of Funds (%) | ▲ | 1.07% | -0.09 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,129 | +19.45 | $1,110 |
| Gross Loans ($M) | ▲ | $636 | +16.50 | $620 |
| Loan Growth YoY (%) | ▲ | 63.91% | +0.72 | 63.19% |
| Total Deposits ($M) | ▲ | $984 | +15.54 | $969 |
| Shareholders Equity ($M) | ▲ | $125 | +2.73 | $122 |
| Tang. Book Value ($M) | ▲ | $125 | +2.77 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +3.66 | $138 |
| Loan / Deposit Ratio (%) | ▲ | 63.91% | +0.72 | 63.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.19 | 0.60% |
| Allowance / Loans (%) | — | 1.14% | -0.10% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.08 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.25% | -0.68 | 19.92% |
Noninterest income ($2.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▁███▅█ | Net Interest Margin (%) | 4.02% | 4.06% | 4.01% | 4.14% | 4.14% | 4.15% | 4.08% | 4.14% |
| ██▆▅▄▁▁▂ | Return on Assets (%) | 1.25% | 1.22% | 1.14% | 1.07% | 1.03% | 0.86% | 0.90% | 0.92% |
| ▁▁█▄▄█▄▄ | Efficiency Ratio (%) | 68.3% | 68.2% | 73.7% | 71.0% | 70.4% | 74.0% | 70.7% | 70.9% |
| ▅█▅▅▆▂▁▁ | Cost of Funds (%) | 1.15% | 1.22% | 1.16% | 1.15% | 1.17% | 1.10% | 1.07% | 1.07% |
| █▁▁▁▁▃▇▆ | NPA / Assets (%) | 0.89% | 0.58% | 0.61% | 0.60% | 0.57% | 0.67% | 0.84% | 0.80% |
| █▁▂▁▁▃▆▃ | Net Charge-Off Ratio (%) | 1.28% | 0.76% | 0.82% | 0.81% | 0.74% | 0.90% | 1.11% | 0.89% |
| ▄▁▄▆█▆▇█ | Tang. Book Value ($M) | $118 | $111 | $117 | $122 | $126 | $122 | $123 | $125 |
| █▄▄▁▁▁▃▆ | Gross Loans ($M) | $643 | $630 | $628 | $620 | $621 | $622 | $626 | $636 |
| ▂▁▆▆▆▄▅█ | Total Deposits ($M) | $949 | $940 | $969 | $969 | $971 | $957 | $964 | $984 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 19% |