Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.07 | 0.91% |
| Return on Equity (%) | ▲ | 9.72% | +0.57 | 9.15% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.34 | 2.93% |
| Efficiency Ratio (%) | ▼ | 68.32% | +0.42 | 67.89% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.40 | $8 |
| Cost of Funds (%) | ▲ | 2.56% | -0.29 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,536 | +212.39 | $2,324 |
| Gross Loans ($M) | ▲ | $1,927 | +142.20 | $1,785 |
| Loan Growth YoY (%) | ▼ | 84.81% | -0.90 | 85.71% |
| Total Deposits ($M) | ▲ | $2,248 | +187.32 | $2,060 |
| Shareholders Equity ($M) | ▲ | $258 | +19.53 | $238 |
| Tang. Book Value ($M) | ▲ | $251 | +19.85 | $231 |
| TBV excl. AOCI ($M)** | ▲ | $258 | +20.90 | $237 |
| Loan / Deposit Ratio (%) | ▼ | 84.81% | -0.90 | 85.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.80% | -0.13 | 0.93% |
| Allowance / Loans (%) | — | 1.08% | 0.02% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.88% | -0.33 | 1.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.66% | -0.01 | 12.68% |
Noninterest income ($8.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▇█ | Net Interest Margin (%) | 2.66% | 2.71% | 2.80% | 2.93% | 2.99% | 3.04% | 3.18% | 3.27% |
| ▁▁▅▆▆▆▆█ | Return on Assets (%) | 0.72% | 0.72% | 0.86% | 0.91% | 0.90% | 0.90% | 0.89% | 0.99% |
| ██▃▁▂▄▅▁ | Efficiency Ratio (%) | 72.2% | 72.2% | 69.1% | 67.9% | 68.8% | 69.6% | 70.2% | 68.3% |
| █▇▄▄▄▃▁▁ | Cost of Funds (%) | 3.21% | 3.10% | 2.81% | 2.85% | 2.87% | 2.71% | 2.54% | 2.56% |
| ▂▃▂███▁▂ | NPA / Assets (%) | 0.80% | 0.82% | 0.79% | 0.93% | 0.93% | 0.91% | 0.77% | 0.80% |
| ▅▅▆██▄▁▁ | Net Charge-Off Ratio (%) | 1.02% | 1.06% | 1.07% | 1.21% | 1.21% | 1.01% | 0.84% | 0.88% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $217 | $221 | $225 | $231 | $235 | $241 | $244 | $251 |
| ▁▂▁▂▃▇▇█ | Gross Loans ($M) | $1,766 | $1,779 | $1,753 | $1,785 | $1,814 | $1,887 | $1,888 | $1,927 |
| ▁▁▄▂▃▆▇█ | Total Deposits ($M) | $2,009 | $2,035 | $2,113 | $2,060 | $2,071 | $2,176 | $2,191 | $2,248 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 28% |