Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.19 | 1.23% |
| Return on Equity (%) | ▲ | 15.59% | +1.20 | 14.39% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.41 | 2.37% |
| Efficiency Ratio (%) | ▲ | 46.81% | -1.18 | 48.00% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.86 | $11 |
| Cost of Funds (%) | ▲ | 1.51% | -0.27 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,184 | +143.77 | $3,041 |
| Gross Loans ($M) | ▲ | $1,754 | +126.03 | $1,628 |
| Loan Growth YoY (%) | ▲ | 63.45% | +3.27 | 60.18% |
| Total Deposits ($M) | ▲ | $2,729 | +58.31 | $2,671 |
| Shareholders Equity ($M) | ▲ | $293 | +34.62 | $258 |
| Tang. Book Value ($M) | ▲ | $293 | +34.62 | $258 |
| TBV excl. AOCI ($M)** | ▲ | $352 | +36.88 | $315 |
| Loan / Deposit Ratio (%) | ▲ | 63.45% | +3.27 | 60.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.02 | 0.10% |
| Allowance / Loans (%) | — | 1.25% | 0.01% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.04 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.85% | +0.46 | 15.39% |
Noninterest income ($3.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 1.98% | 2.01% | 2.35% | 2.37% | 2.42% | 2.46% | 2.72% | 2.78% |
| ▁▁▄▅▅▆██ | Return on Assets (%) | 0.97% | 1.00% | 1.15% | 1.23% | 1.24% | 1.27% | 1.37% | 1.42% |
| █▇▁▂▁▁▁▁ | Efficiency Ratio (%) | 56.3% | 54.6% | 46.7% | 48.0% | 47.4% | 46.9% | 47.2% | 46.8% |
| ██▄▅▅▅▁▁ | Cost of Funds (%) | 1.96% | 2.00% | 1.74% | 1.78% | 1.77% | 1.80% | 1.53% | 1.51% |
| ▇█▁▁▄▂▁▆ | NPA / Assets (%) | 0.13% | 0.14% | 0.10% | 0.10% | 0.12% | 0.10% | 0.10% | 0.12% |
| ▇█▁▂▄▂▁▅ | Net Charge-Off Ratio (%) | 0.24% | 0.26% | 0.18% | 0.19% | 0.21% | 0.19% | 0.18% | 0.23% |
| ▁▁▃▃▄▆██ | Tang. Book Value ($M) | $246 | $250 | $262 | $258 | $269 | $280 | $292 | $293 |
| ▁▂▄▄▆▆██ | Gross Loans ($M) | $1,502 | $1,552 | $1,620 | $1,628 | $1,671 | $1,687 | $1,748 | $1,754 |
| ▁▁▆▆█▅█▇ | Total Deposits ($M) | $2,507 | $2,486 | $2,672 | $2,671 | $2,753 | $2,651 | $2,779 | $2,729 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 4% |