Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.13% | -0.11 | 0.23% |
| Return on Equity (%) | ▼ | 0.65% | -0.54 | 1.19% |
| Net Interest Margin (%) | ▼ | 4.40% | -0.11 | 4.50% |
| Efficiency Ratio (%) | ▲ | 91.78% | -1.02 | 92.80% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▼ | 1.56% | +0.17 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,226 | -20.53 | $1,247 |
| Gross Loans ($M) | ▼ | $746 | -55.91 | $802 |
| Loan Growth YoY (%) | ▼ | 86.20% | -0.38 | 86.58% |
| Total Deposits ($M) | ▼ | $858 | -61.56 | $919 |
| Shareholders Equity ($M) | ▲ | $244 | +0.38 | $243 |
| Tang. Book Value ($M) | ▲ | $243 | +0.43 | $242 |
| TBV excl. AOCI ($M)** | ▲ | $260 | +4.32 | $255 |
| Loan / Deposit Ratio (%) | ▼ | 86.20% | -0.38 | 86.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.37% | +0.20 | 1.18% |
| Allowance / Loans (%) | — | 0.91% | 0.15% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 1.85% | +0.22 | 1.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 29.16% | -0.24 | 29.40% |
Noninterest income ($3.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃█▆█▇▆▄ | Net Interest Margin (%) | 4.10% | 4.28% | 4.63% | 4.50% | 4.70% | 4.62% | 4.48% | 4.40% |
| ▅▁███▇▇▇ | Return on Assets (%) | -0.09% | -0.52% | 0.20% | 0.23% | 0.27% | 0.09% | 0.11% | 0.13% |
| █▇▂▁▁▁▁▁ | Efficiency Ratio (%) | 101.1% | 99.2% | 93.4% | 92.8% | 92.2% | 92.1% | 92.9% | 91.8% |
| █▇▁▃▅▆▄█ | Cost of Funds (%) | 1.56% | 1.51% | 1.33% | 1.40% | 1.48% | 1.49% | 1.44% | 1.56% |
| ▁▃▆▄▆█▆▇ | NPA / Assets (%) | 0.96% | 1.11% | 1.30% | 1.18% | 1.33% | 1.45% | 1.30% | 1.37% |
| ▁▃▆▂▄█▆▅ | Net Charge-Off Ratio (%) | 1.46% | 1.66% | 1.95% | 1.63% | 1.82% | 2.18% | 1.94% | 1.85% |
| ▁███████ | Tang. Book Value ($M) | $155 | $237 | $242 | $242 | $248 | $246 | $244 | $243 |
| ▄▆▇██▄▅▁ | Gross Loans ($M) | $767 | $784 | $792 | $802 | $802 | $773 | $776 | $746 |
| █▃▄▄▅▃▃▁ | Total Deposits ($M) | $1,013 | $901 | $918 | $919 | $937 | $915 | $911 | $858 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |