Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.39 | 1.15% |
| Return on Equity (%) | ▲ | 16.69% | +2.34 | 14.35% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.29 | 2.89% |
| Efficiency Ratio (%) | ▲ | 52.71% | -5.14 | 57.84% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.32 | $6 |
| Cost of Funds (%) | ▲ | 2.06% | -0.43 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,310 | +27.36 | $1,282 |
| Gross Loans ($M) | ▲ | $910 | +3.97 | $906 |
| Loan Growth YoY (%) | ▼ | 83.45% | -7.87 | 91.31% |
| Total Deposits ($M) | ▲ | $1,076 | +96.14 | $980 |
| Shareholders Equity ($M) | ▲ | $125 | +19.68 | $105 |
| Tang. Book Value ($M) | ▲ | $121 | +18.74 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $131 | +19.31 | $112 |
| Loan / Deposit Ratio (%) | ▼ | 83.45% | -7.87 | 91.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.05 | 0.49% |
| Allowance / Loans (%) | — | 1.38% | 0.08% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.10 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇██ | Net Interest Margin (%) | 2.47% | 2.55% | 2.86% | 2.89% | 2.97% | 3.02% | 3.11% | 3.19% |
| ▁▁▃▅▄▅▆█ | Return on Assets (%) | 0.72% | 0.81% | 0.95% | 1.15% | 1.12% | 1.19% | 1.30% | 1.54% |
| ███▅▃▄▂▁ | Efficiency Ratio (%) | 61.6% | 61.0% | 61.7% | 57.8% | 55.4% | 56.2% | 54.1% | 52.7% |
| █▇▅▄▄▃▁▁ | Cost of Funds (%) | 2.98% | 2.82% | 2.60% | 2.49% | 2.41% | 2.35% | 2.15% | 2.06% |
| ▁▁▁████▇ | NPA / Assets (%) | 0.05% | 0.08% | 0.04% | 0.49% | 0.46% | 0.51% | 0.47% | 0.44% |
| ▁▁▁███▇▇ | Net Charge-Off Ratio (%) | 0.07% | 0.11% | 0.06% | 0.70% | 0.65% | 0.72% | 0.63% | 0.59% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $95 | $93 | $98 | $102 | $109 | $113 | $117 | $121 |
| ▁▆▁▂█▆▃▃ | Gross Loans ($M) | $899 | $933 | $898 | $906 | $945 | $932 | $913 | $910 |
| ▁▃▂▃▄▇▇█ | Total Deposits ($M) | $935 | $980 | $968 | $980 | $1,004 | $1,048 | $1,056 | $1,076 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 23% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |