Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.23 | 0.92% |
| Return on Equity (%) | ▲ | 13.65% | +1.21 | 12.44% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.47 | 3.21% |
| Efficiency Ratio (%) | ▲ | 59.89% | -4.11 | 63.99% |
| Pre-Provision Profit ($M) | ▲ | $14 | +2.86 | $11 |
| Cost of Funds (%) | ▲ | 1.71% | -0.23 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,979 | +39.04 | $2,940 |
| Gross Loans ($M) | ▲ | $2,139 | +156.72 | $1,983 |
| Loan Growth YoY (%) | ▲ | 84.94% | +7.52 | 77.42% |
| Total Deposits ($M) | ▼ | $2,489 | -41.37 | $2,530 |
| Shareholders Equity ($M) | ▲ | $249 | +24.44 | $224 |
| Tang. Book Value ($M) | ▲ | $235 | +24.44 | $210 |
| TBV excl. AOCI ($M)** | ▲ | $266 | +24.24 | $242 |
| Loan / Deposit Ratio (%) | ▲ | 84.94% | +7.52 | 77.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.06 | 0.39% |
| Allowance / Loans (%) | — | 1.19% | -0.01% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.13 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 2.84% | 2.92% | 3.11% | 3.21% | 3.24% | 3.31% | 3.56% | 3.69% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.71% | 0.76% | 0.73% | 0.92% | 0.93% | 0.94% | 0.94% | 1.15% |
| █▇█▄▄▄▅▁ | Efficiency Ratio (%) | 69.7% | 68.9% | 70.2% | 64.0% | 64.8% | 64.2% | 65.8% | 59.9% |
| █▆▅▅█▃▁▁ | Cost of Funds (%) | 2.09% | 1.99% | 1.91% | 1.94% | 2.05% | 1.83% | 1.70% | 1.71% |
| ▁▁▇█▅▁▁▃ | NPA / Assets (%) | 0.31% | 0.31% | 0.38% | 0.39% | 0.36% | 0.31% | 0.31% | 0.33% |
| ▂▁▇█▄▁▁▂ | Net Charge-Off Ratio (%) | 0.46% | 0.44% | 0.55% | 0.58% | 0.51% | 0.43% | 0.43% | 0.46% |
| ▃▁▃▄▇███ | Tang. Book Value ($M) | $200 | $187 | $200 | $210 | $225 | $232 | $235 | $235 |
| ▁▂▃▃▅▇▇█ | Gross Loans ($M) | $1,920 | $1,960 | $1,993 | $1,983 | $2,041 | $2,099 | $2,095 | $2,139 |
| ▃▁▇█▆▄▇▇ | Total Deposits ($M) | $2,417 | $2,359 | $2,504 | $2,530 | $2,472 | $2,432 | $2,489 | $2,489 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 9% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |