Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.53% | -0.03 | 1.56% |
| Return on Equity (%) | ▼ | 12.73% | -1.01 | 13.74% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.04 | 3.92% |
| Efficiency Ratio (%) | ▼ | 54.99% | +0.33 | 54.67% |
| Pre-Provision Profit ($M) | ▲ | $12 | +0.71 | $11 |
| Cost of Funds (%) | ▲ | 1.77% | -0.00 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,250 | +130.20 | $2,119 |
| Gross Loans ($M) | ▲ | $1,461 | +88.89 | $1,372 |
| Loan Growth YoY (%) | ▲ | 73.70% | +0.75 | 72.94% |
| Total Deposits ($M) | ▲ | $1,961 | +99.44 | $1,862 |
| Shareholders Equity ($M) | ▲ | $275 | +30.83 | $244 |
| Tang. Book Value ($M) | ▲ | $275 | +30.83 | $244 |
| TBV excl. AOCI ($M)** | ▲ | $293 | +29.49 | $264 |
| Loan / Deposit Ratio (%) | ▲ | 73.70% | +0.75 | 72.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.17 | 0.18% |
| Allowance / Loans (%) | — | 1.07% | 0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.27 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.86% | +0.61 | 19.25% |
Noninterest income ($4.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▂▆▇▇▄█ | Net Interest Margin (%) | 3.83% | 3.87% | 3.85% | 3.92% | 3.93% | 3.93% | 3.89% | 3.96% |
| ██▂▅▆▆▁▄ | Return on Assets (%) | 1.62% | 1.63% | 1.49% | 1.56% | 1.57% | 1.56% | 1.45% | 1.53% |
| ▂▁█▄▃▃▇▄ | Efficiency Ratio (%) | 54.0% | 53.0% | 57.5% | 54.7% | 54.6% | 54.2% | 56.7% | 55.0% |
| █▄▂▃▂▁▁▃ | Cost of Funds (%) | 1.97% | 1.83% | 1.75% | 1.78% | 1.76% | 1.74% | 1.71% | 1.77% |
| ██▇▇▇▁▁▁ | NPA / Assets (%) | 0.21% | 0.20% | 0.18% | 0.18% | 0.17% | 0.02% | 0.00% | 0.00% |
| ██▇▇▇▁▁▁ | Net Charge-Off Ratio (%) | 0.34% | 0.31% | 0.28% | 0.27% | 0.27% | 0.03% | 0.01% | 0.00% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $231 | $228 | $237 | $244 | $254 | $263 | $268 | $275 |
| ▁▃▄▅▆▇██ | Gross Loans ($M) | $1,234 | $1,294 | $1,334 | $1,372 | $1,392 | $1,420 | $1,452 | $1,461 |
| ▁▂▅▅▅▆█▇ | Total Deposits ($M) | $1,725 | $1,774 | $1,871 | $1,862 | $1,885 | $1,905 | $1,997 | $1,961 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 25% |