Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.31 | 1.11% |
| Return on Equity (%) | ▲ | 14.72% | +2.65 | 12.07% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.33 | 2.98% |
| Efficiency Ratio (%) | ▲ | 47.88% | -5.03 | 52.91% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.75 | $8 |
| Cost of Funds (%) | ▲ | 1.06% | -0.07 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,997 | +92.18 | $1,905 |
| Gross Loans ($M) | ▲ | $866 | +30.33 | $835 |
| Loan Growth YoY (%) | ▲ | 51.29% | +0.03 | 51.26% |
| Total Deposits ($M) | ▲ | $1,669 | +56.77 | $1,613 |
| Shareholders Equity ($M) | ▲ | $195 | +15.62 | $179 |
| Tang. Book Value ($M) | ▲ | $195 | +15.62 | $179 |
| TBV excl. AOCI ($M)** | ▲ | $239 | +16.71 | $223 |
| Loan / Deposit Ratio (%) | ▲ | 51.29% | +0.03 | 51.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.10% | 0.05% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.03 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.18% | +0.91 | 18.27% |
Noninterest income ($2.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 2.64% | 2.73% | 2.87% | 2.98% | 3.12% | 3.16% | 3.23% | 3.31% |
| ▁▁▁▃▄▅██ | Return on Assets (%) | 0.98% | 1.01% | 1.03% | 1.11% | 1.19% | 1.23% | 1.40% | 1.42% |
| ██▆▅▄▄▁▁ | Efficiency Ratio (%) | 57.1% | 57.0% | 53.8% | 52.9% | 51.5% | 51.8% | 47.4% | 47.9% |
| ▂█▆▇▇▇▁▁ | Cost of Funds (%) | 1.08% | 1.15% | 1.12% | 1.13% | 1.13% | 1.13% | 1.06% | 1.06% |
| ██▇▇▃▃▄▁ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.04% | 0.02% | 0.02% | 0.03% | 0.01% |
| █▇▇▃▃▃▄▁ | Net Charge-Off Ratio (%) | 0.12% | 0.11% | 0.10% | 0.05% | 0.05% | 0.05% | 0.06% | 0.02% |
| ▂▁▂▄▇▆▇█ | Tang. Book Value ($M) | $169 | $164 | $171 | $179 | $188 | $184 | $189 | $195 |
| ▁▁▃▅▅▅▇█ | Gross Loans ($M) | $793 | $792 | $815 | $835 | $832 | $835 | $855 | $866 |
| ▂▁▃▅▅▅▅█ | Total Deposits ($M) | $1,563 | $1,543 | $1,580 | $1,613 | $1,619 | $1,621 | $1,618 | $1,669 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |