Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.03% | +0.22 | 1.81% |
| Return on Equity (%) | ▲ | 17.02% | +0.80 | 16.22% |
| Net Interest Margin (%) | ▲ | 4.91% | +0.29 | 4.62% |
| Efficiency Ratio (%) | ▲ | 60.30% | -2.63 | 62.93% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.54 | $6 |
| Cost of Funds (%) | ▲ | 1.62% | -0.12 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,184 | +42.85 | $1,141 |
| Gross Loans ($M) | ▲ | $929 | +46.09 | $883 |
| Loan Growth YoY (%) | ▼ | 88.88% | -0.94 | 89.83% |
| Total Deposits ($M) | ▲ | $1,030 | +62.05 | $968 |
| Shareholders Equity ($M) | ▲ | $141 | +10.57 | $130 |
| Tang. Book Value ($M) | ▲ | $140 | +10.57 | $130 |
| TBV excl. AOCI ($M)** | ▲ | $149 | +10.98 | $138 |
| Loan / Deposit Ratio (%) | ▼ | 88.88% | -0.94 | 89.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.43% | +1.07 | 0.36% |
| Allowance / Loans (%) | — | 1.45% | -0.07% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 1.58% | +1.13 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▆▇██ | Net Interest Margin (%) | 4.09% | 4.20% | 4.45% | 4.62% | 4.68% | 4.72% | 4.86% | 4.91% |
| ▁▁▂▆▆▅▇█ | Return on Assets (%) | 1.44% | 1.44% | 1.54% | 1.81% | 1.82% | 1.80% | 1.91% | 2.03% |
| █▇█▄▄▃▂▁ | Efficiency Ratio (%) | 67.1% | 66.2% | 66.6% | 62.9% | 63.5% | 62.1% | 61.7% | 60.3% |
| █▇▄▃▄▃▁▁ | Cost of Funds (%) | 2.10% | 2.01% | 1.83% | 1.74% | 1.80% | 1.75% | 1.58% | 1.62% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.44% | 0.48% | 0.39% | 0.36% | 0.45% | 0.50% | 0.55% | 1.43% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.44% | 0.53% | 0.43% | 0.46% | 0.56% | 0.51% | 0.46% | 1.58% |
| ▁▂▄▄▆███ | Tang. Book Value ($M) | $121 | $124 | $129 | $130 | $134 | $139 | $141 | $140 |
| ▃▃▁▁▁▄██ | Gross Loans ($M) | $896 | $897 | $888 | $883 | $887 | $906 | $925 | $929 |
| ▃▃▇▄▃▁██ | Total Deposits ($M) | $955 | $945 | $1,006 | $968 | $943 | $914 | $1,016 | $1,030 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |