Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.11 | 0.62% |
| Return on Equity (%) | ▲ | 7.13% | +1.44 | 5.69% |
| Net Interest Margin (%) | ▼ | 5.20% | -0.04 | 5.24% |
| Efficiency Ratio (%) | ▲ | 92.12% | -1.95 | 94.07% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.15 | $3 |
| Cost of Funds (%) | ▲ | 2.80% | -0.03 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $944 | +130.09 | $814 |
| Gross Loans ($M) | ▲ | $707 | +92.04 | $615 |
| Loan Growth YoY (%) | ▲ | 100.29% | +1.64 | 98.65% |
| Total Deposits ($M) | ▲ | $702 | +81.48 | $621 |
| Shareholders Equity ($M) | ▲ | $89 | +2.22 | $87 |
| Tang. Book Value ($M) | ▲ | $86 | +2.65 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +2.57 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 100.29% | +1.64 | 98.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.71% | -0.22 | 0.93% |
| Allowance / Loans (%) | — | 0.47% | -0.04% | 0.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.75% | -0.16 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.78% | -1.10 | 15.88% |
Noninterest income ($19.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▁███▄█ | Net Interest Margin (%) | 4.98% | 5.06% | 4.68% | 5.24% | 5.22% | 5.26% | 4.93% | 5.20% |
| ▅▄▁▇██▅█ | Return on Assets (%) | 0.44% | 0.30% | -0.01% | 0.62% | 0.72% | 0.73% | 0.39% | 0.73% |
| ▅▇█▂▁▁▄▁ | Efficiency Ratio (%) | 96.4% | 99.0% | 100.1% | 94.1% | 93.1% | 92.6% | 95.6% | 92.1% |
| ██▁▃▅▂▁▃ | Cost of Funds (%) | 3.42% | 3.34% | 2.53% | 2.83% | 2.99% | 2.75% | 2.53% | 2.80% |
| ▅▃▃▃█▆▄▁ | NPA / Assets (%) | 1.13% | 1.00% | 0.97% | 0.93% | 1.47% | 1.22% | 1.09% | 0.71% |
| ▆▃▁▂█▆▄▁ | Net Charge-Off Ratio (%) | 1.40% | 0.99% | 0.85% | 0.91% | 1.66% | 1.35% | 1.16% | 0.75% |
| ▁▆▆▇▇███ | Tang. Book Value ($M) | $71 | $81 | $82 | $84 | $84 | $87 | $87 | $86 |
| ▂▁▁▃▃▅▆█ | Gross Loans ($M) | $609 | $581 | $578 | $615 | $614 | $648 | $674 | $707 |
| ▁▁▂▃▃▄▅█ | Total Deposits ($M) | $589 | $582 | $602 | $621 | $621 | $640 | $650 | $702 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 40% |