Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.71 | 0.12% |
| Return on Equity (%) | ▲ | 11.55% | +9.86 | 1.69% |
| Net Interest Margin (%) | ▼ | 3.21% | -0.19 | 3.40% |
| Efficiency Ratio (%) | ▲ | 62.64% | -14.46 | 77.10% |
| Pre-Provision Profit ($M) | ▲ | $9 | +3.82 | $5 |
| Cost of Funds (%) | ▲ | 3.63% | -0.15 | 3.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,336 | +466.26 | $1,870 |
| Gross Loans ($M) | ▲ | $2,175 | +372.50 | $1,802 |
| Loan Growth YoY (%) | ▼ | 106.57% | -8.22 | 114.79% |
| Total Deposits ($M) | ▲ | $2,027 | +466.08 | $1,561 |
| Shareholders Equity ($M) | ▲ | $170 | +32.22 | $138 |
| Tang. Book Value ($M) | ▲ | $165 | +29.32 | $135 |
| Loan / Deposit Ratio (%) | ▼ | 106.57% | -8.22 | 114.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.44% | +0.12 | 3.33% |
| Allowance / Loans (%) | — | 0.67% | 0.09% | 0.58% |
| Net Charge-Off Ratio (%) | ▼ | 3.70% | +0.25 | 3.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.90% | +0.04 | 15.86% |
Noninterest income ($5.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▂▃▃▂▁ | Net Interest Margin (%) | 4.13% | 4.03% | 3.22% | 3.40% | 3.49% | 3.48% | 3.39% | 3.21% |
| ██▁▄▆▆▇█ | Return on Assets (%) | 0.98% | 0.90% | -0.55% | 0.12% | 0.45% | 0.55% | 0.69% | 0.83% |
| ▁▂█▅▃▁▁▁ | Efficiency Ratio (%) | 63.6% | 66.0% | 88.3% | 77.1% | 69.6% | 65.4% | 65.2% | 62.6% |
| █▇▄▄▃▁▁▂ | Cost of Funds (%) | 4.22% | 4.05% | 3.81% | 3.78% | 3.69% | 3.51% | 3.49% | 3.63% |
| ▁▂█▇▆▃██ | NPA / Assets (%) | 2.51% | 2.75% | 3.42% | 3.33% | 3.23% | 2.82% | 3.55% | 3.44% |
| ▁▂▇▆▆▄██ | Net Charge-Off Ratio (%) | 2.60% | 2.87% | 3.56% | 3.45% | 3.45% | 3.07% | 3.76% | 3.70% |
| ▁▂▃▅▇███ | Tang. Book Value ($M) | $101 | $111 | $123 | $135 | $152 | $158 | $164 | $165 |
| ▁▂▃▅▅███ | Gross Loans ($M) | $1,409 | $1,508 | $1,662 | $1,802 | $1,888 | $2,085 | $2,175 | $2,175 |
| ▁▃▃▄▆███ | Total Deposits ($M) | $1,177 | $1,401 | $1,466 | $1,561 | $1,743 | $1,936 | $1,978 | $2,027 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 45% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 62% |