Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.36 | 0.48% |
| Return on Equity (%) | ▲ | 9.30% | +3.81 | 5.49% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.39 | 3.31% |
| Efficiency Ratio (%) | ▲ | 74.56% | -7.23 | 81.79% |
| Pre-Provision Profit ($M) | ▲ | $13 | +3.86 | $9 |
| Cost of Funds (%) | ▲ | 1.11% | -0.16 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,043 | +292.92 | $3,750 |
| Gross Loans ($M) | ▲ | $3,000 | +34.30 | $2,966 |
| Loan Growth YoY (%) | ▼ | 82.50% | -5.86 | 88.36% |
| Total Deposits ($M) | ▲ | $3,612 | +277.29 | $3,334 |
| Shareholders Equity ($M) | ▲ | $374 | +33.97 | $340 |
| Tang. Book Value ($M) | ▲ | $352 | +33.22 | $319 |
| TBV excl. AOCI ($M)** | ▲ | $382 | +43.35 | $338 |
| Loan / Deposit Ratio (%) | ▼ | 82.50% | -5.86 | 88.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.04 | 0.57% |
| Allowance / Loans (%) | — | 0.70% | 0.03% | 0.67% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.03 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($14.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 2.91% | 2.96% | 3.13% | 3.31% | 3.38% | 3.44% | 3.62% | 3.70% |
| ▁▁▃▃▅▅██ | Return on Assets (%) | 0.27% | 0.32% | 0.44% | 0.48% | 0.56% | 0.60% | 0.82% | 0.85% |
| ██▅▄▄▃▁▁ | Efficiency Ratio (%) | 89.5% | 87.8% | 83.6% | 81.8% | 80.3% | 80.1% | 75.2% | 74.6% |
| ██▆▅▄▂▁▁ | Cost of Funds (%) | 1.43% | 1.39% | 1.33% | 1.27% | 1.24% | 1.18% | 1.10% | 1.11% |
| ▄█▇▄▃▁▁▁ | NPA / Assets (%) | 0.57% | 0.62% | 0.60% | 0.57% | 0.56% | 0.54% | 0.54% | 0.53% |
| ▃██▃▃▃▃▁ | Net Charge-Off Ratio (%) | 0.71% | 0.79% | 0.78% | 0.72% | 0.72% | 0.72% | 0.72% | 0.69% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $306 | $303 | $312 | $319 | $329 | $338 | $343 | $352 |
| ▁▁▁▆▅▅▅█ | Gross Loans ($M) | $2,907 | $2,898 | $2,894 | $2,966 | $2,948 | $2,959 | $2,954 | $3,000 |
| ▁▂▄▃▅███ | Total Deposits ($M) | $3,179 | $3,274 | $3,376 | $3,334 | $3,406 | $3,562 | $3,609 | $3,612 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 4% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |