Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.57 | 1.22% |
| Return on Equity (%) | ▼ | 5.50% | -5.33 | 10.83% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.13 | 3.65% |
| Efficiency Ratio (%) | ▼ | 58.62% | +1.38 | 57.24% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.41 | $7 |
| Cost of Funds (%) | ▲ | 1.31% | -0.14 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,599 | +20.85 | $1,579 |
| Gross Loans ($M) | ▲ | $1,281 | +40.42 | $1,241 |
| Loan Growth YoY (%) | ▲ | 92.56% | +1.74 | 90.82% |
| Total Deposits ($M) | ▲ | $1,365 | +12.67 | $1,352 |
| Shareholders Equity ($M) | ▲ | $189 | +10.11 | $179 |
| Tang. Book Value ($M) | ▲ | $177 | +10.36 | $167 |
| TBV excl. AOCI ($M)** | ▲ | $186 | +10.68 | $175 |
| Loan / Deposit Ratio (%) | ▲ | 92.56% | +1.74 | 90.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.54% | +2.27 | 0.27% |
| Allowance / Loans (%) | — | 1.39% | 0.38% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 2.74% | +2.40 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.08% | +0.19 | 13.89% |
Noninterest income ($2.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▄▅▇▇█ | Net Interest Margin (%) | 3.61% | 3.60% | 3.57% | 3.65% | 3.69% | 3.74% | 3.74% | 3.78% |
| ▇▇▇██▇▇▁ | Return on Assets (%) | 1.19% | 1.20% | 1.18% | 1.22% | 1.29% | 1.14% | 1.16% | 0.65% |
| ▇██▅▁▁▄█ | Efficiency Ratio (%) | 58.2% | 58.4% | 58.6% | 57.2% | 55.6% | 55.2% | 56.5% | 58.6% |
| ██▇▄▃▃▁▁ | Cost of Funds (%) | 1.61% | 1.59% | 1.54% | 1.45% | 1.40% | 1.41% | 1.29% | 1.31% |
| ▁▁▁▁▁▇▇█ | NPA / Assets (%) | 0.25% | 0.25% | 0.25% | 0.27% | 0.28% | 2.13% | 2.04% | 2.54% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.30% | 0.31% | 0.32% | 0.35% | 0.34% | 2.60% | 2.64% | 2.74% |
| ▁▁▃▅▆▇██ | Tang. Book Value ($M) | $156 | $158 | $163 | $167 | $172 | $175 | $178 | $177 |
| ▁▂▄▄██▅█ | Gross Loans ($M) | $1,209 | $1,222 | $1,242 | $1,241 | $1,282 | $1,285 | $1,252 | $1,281 |
| ▁▁▆▆▆▅█▇ | Total Deposits ($M) | $1,275 | $1,285 | $1,345 | $1,352 | $1,356 | $1,333 | $1,383 | $1,365 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |