Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.28 | 0.48% |
| Return on Equity (%) | ▲ | 8.75% | +2.90 | 5.85% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.42 | 2.85% |
| Efficiency Ratio (%) | ▲ | 74.02% | -5.24 | 79.26% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.98 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.36 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,553 | -27.75 | $1,581 |
| Gross Loans ($M) | ▼ | $1,037 | -18.97 | $1,056 |
| Loan Growth YoY (%) | ▼ | 74.35% | -1.40 | 75.75% |
| Total Deposits ($M) | ▲ | $1,379 | +0.76 | $1,378 |
| Shareholders Equity ($M) | ▲ | $139 | +7.08 | $132 |
| Tang. Book Value ($M) | ▲ | $134 | +7.13 | $127 |
| TBV excl. AOCI ($M)** | ▲ | $152 | +9.22 | $142 |
| Loan / Deposit Ratio (%) | ▼ | 74.35% | -1.40 | 75.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.03 | 0.05% |
| Allowance / Loans (%) | — | 1.15% | -0.01% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.50% | -0.04 | 13.54% |
Noninterest income ($3.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▂▄▄██ | Net Interest Margin (%) | 2.72% | 2.72% | 2.88% | 2.85% | 2.93% | 2.96% | 3.21% | 3.27% |
| ▁▁▄▂▃▄▆█ | Return on Assets (%) | 0.42% | 0.39% | 0.56% | 0.48% | 0.52% | 0.54% | 0.63% | 0.76% |
| ▇█▄▅▅▅▂▁ | Efficiency Ratio (%) | 82.4% | 83.8% | 78.4% | 79.3% | 79.0% | 79.2% | 76.2% | 74.0% |
| █▇▄▅▅▁▁▁ | Cost of Funds (%) | 2.42% | 2.27% | 2.04% | 2.18% | 2.16% | 1.80% | 1.78% | 1.82% |
| ▆▅▅▄▁▅██ | NPA / Assets (%) | 0.07% | 0.06% | 0.06% | 0.05% | 0.03% | 0.06% | 0.09% | 0.09% |
| ▆▄▅▄▁▅██ | Net Charge-Off Ratio (%) | 0.10% | 0.08% | 0.09% | 0.08% | 0.04% | 0.10% | 0.13% | 0.13% |
| ▅▁▂▄▆█▇█ | Tang. Book Value ($M) | $129 | $120 | $123 | $127 | $130 | $134 | $131 | $134 |
| ▇▇▆▅▃▁█▃ | Gross Loans ($M) | $1,073 | $1,072 | $1,068 | $1,056 | $1,038 | $1,019 | $1,086 | $1,037 |
| ▁▃▃▆▁██▆ | Total Deposits ($M) | $1,311 | $1,346 | $1,340 | $1,378 | $1,323 | $1,416 | $1,407 | $1,379 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |