Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +1.52 | -0.57% |
| Return on Equity (%) | ▲ | 10.84% | +18.34 | -7.50% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.14 | 4.17% |
| Efficiency Ratio (%) | ▼ | 78.44% | +9.38 | 69.06% |
| Pre-Provision Profit ($M) | ▼ | $4 | -2.05 | $6 |
| Cost of Funds (%) | ▲ | 0.91% | -0.13 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,360 | -68.82 | $1,429 |
| Gross Loans ($M) | ▲ | $845 | +1.02 | $844 |
| Loan Growth YoY (%) | ▲ | 67.99% | +5.62 | 62.37% |
| Total Deposits ($M) | ▼ | $1,228 | -83.93 | $1,312 |
| Shareholders Equity ($M) | ▲ | $120 | +13.98 | $106 |
| Tang. Book Value ($M) | ▲ | $120 | +13.98 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +11.46 | $124 |
| Loan / Deposit Ratio (%) | ▲ | 67.99% | +5.62 | 62.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.55% | -1.42 | 2.97% |
| Allowance / Loans (%) | — | 1.17% | -1.86% | 3.03% |
| Net Charge-Off Ratio (%) | ▲ | 1.07% | -2.52 | 3.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.85% | +1.27 | 11.58% |
Noninterest income ($2.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▄██▆▇ | Net Interest Margin (%) | 4.12% | 4.11% | 4.05% | 4.17% | 4.35% | 4.39% | 4.27% | 4.31% |
| ▇▅█▁▅▆▇▇ | Return on Assets (%) | 0.79% | 0.52% | 1.20% | -0.57% | 0.52% | 0.62% | 0.88% | 0.95% |
| ▁▁▄▁▂▃██ | Efficiency Ratio (%) | 68.2% | 67.8% | 72.1% | 69.1% | 70.3% | 70.9% | 79.2% | 78.4% |
| █▇▄▂▂▁▁▁ | Cost of Funds (%) | 1.60% | 1.50% | 1.17% | 1.04% | 1.04% | 0.95% | 0.91% | 0.91% |
| ▇▄▄█▁▁▁▁ | NPA / Assets (%) | 2.67% | 2.09% | 2.13% | 2.97% | 1.52% | 1.61% | 1.64% | 1.55% |
| ▇▄▄█▁▁▁▁ | Net Charge-Off Ratio (%) | 3.24% | 2.29% | 2.25% | 3.59% | 1.05% | 1.13% | 1.22% | 1.07% |
| ▅▁▆▁▇▇██ | Tang. Book Value ($M) | $114 | $107 | $115 | $106 | $117 | $117 | $119 | $120 |
| █▁▁▆▂▄▃▆ | Gross Loans ($M) | $856 | $813 | $817 | $844 | $819 | $829 | $826 | $845 |
| ██▆▆▂▁▁▁ | Total Deposits ($M) | $1,361 | $1,351 | $1,306 | $1,312 | $1,234 | $1,210 | $1,219 | $1,228 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 42% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |