Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.12 | 0.75% |
| Return on Equity (%) | ▼ | 8.71% | -0.87 | 9.58% |
| Net Interest Margin (%) | ▼ | 4.38% | -0.63 | 5.01% |
| Efficiency Ratio (%) | ▼ | 80.00% | +3.90 | 76.10% |
| Pre-Provision Profit ($M) | ▼ | $10 | -3.06 | $13 |
| Cost of Funds (%) | ▼ | 0.75% | +0.36 | 0.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,236 | +552.28 | $2,684 |
| Gross Loans ($M) | ▲ | $1,778 | +121.19 | $1,657 |
| Loan Growth YoY (%) | ▼ | 58.98% | -8.09 | 67.07% |
| Total Deposits ($M) | ▲ | $2,960 | +538.56 | $2,421 |
| Shareholders Equity ($M) | ▲ | $229 | +11.51 | $217 |
| Tang. Book Value ($M) | ▲ | $227 | +11.64 | $215 |
| TBV excl. AOCI ($M)** | ▲ | $269 | +17.38 | $251 |
| Loan / Deposit Ratio (%) | ▼ | 58.98% | -8.09 | 67.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.04% | -0.85 | 1.89% |
| Allowance / Loans (%) | — | 1.79% | -0.17% | 1.96% |
| Net Charge-Off Ratio (%) | ▲ | 1.89% | -1.17 | 3.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.01% | -0.73 | 14.74% |
Noninterest income ($11.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▇▇▆▁▁ | Net Interest Margin (%) | 5.15% | 5.08% | 4.64% | 5.01% | 4.98% | 4.87% | 4.38% | 4.38% |
| ██▁▅▅▆▅▄ | Return on Assets (%) | 1.01% | 0.95% | 0.31% | 0.75% | 0.70% | 0.83% | 0.72% | 0.63% |
| ▂▃▇▁▂▂█▆ | Efficiency Ratio (%) | 76.8% | 77.7% | 80.3% | 76.1% | 76.9% | 76.8% | 81.5% | 80.0% |
| ▁▁▂▃▄▆██ | Cost of Funds (%) | 0.17% | 0.20% | 0.24% | 0.38% | 0.44% | 0.55% | 0.71% | 0.75% |
| ▃▅█▄▅▂▁▁ | NPA / Assets (%) | 1.42% | 1.92% | 2.96% | 1.89% | 1.96% | 1.11% | 0.84% | 1.04% |
| ▂▄█▄▄▁▁▁ | Net Charge-Off Ratio (%) | 2.28% | 3.00% | 4.85% | 3.06% | 3.14% | 1.94% | 1.54% | 1.89% |
| ▂▁▃▅▇▇██ | Tang. Book Value ($M) | $203 | $198 | $205 | $215 | $221 | $222 | $225 | $227 |
| ▁▂▃▃▅▆▆█ | Gross Loans ($M) | $1,607 | $1,646 | $1,666 | $1,657 | $1,714 | $1,727 | $1,724 | $1,778 |
| ▁▁▂▂▂▆▇█ | Total Deposits ($M) | $2,340 | $2,317 | $2,475 | $2,421 | $2,469 | $2,740 | $2,868 | $2,960 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Consumer | 15% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 22% |
| Brokered / Other | 27% |