Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.03 | 1.45% |
| Return on Equity (%) | — | 11.13% | 0.00 | 11.13% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.02 | 3.83% |
| Efficiency Ratio (%) | ▲ | 53.75% | -1.00 | 54.75% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.86 | $9 |
| Cost of Funds (%) | ▲ | 1.53% | -0.09 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,061 | +104.14 | $1,957 |
| Gross Loans ($M) | ▲ | $1,518 | +56.54 | $1,461 |
| Loan Growth YoY (%) | ▼ | 84.92% | -1.47 | 86.39% |
| Total Deposits ($M) | ▲ | $1,765 | +93.79 | $1,671 |
| Shareholders Equity ($M) | ▲ | $272 | +17.40 | $255 |
| Tang. Book Value ($M) | ▲ | $256 | +17.85 | $239 |
| TBV excl. AOCI ($M)** | ▲ | $267 | +16.88 | $250 |
| Loan / Deposit Ratio (%) | ▼ | 84.92% | -1.47 | 86.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.22 | 0.21% |
| Allowance / Loans (%) | — | 1.27% | 0.04% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.30 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.54% | +0.38 | 19.16% |
Noninterest income ($3.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇██▆▇ | Net Interest Margin (%) | 3.57% | 3.62% | 3.81% | 3.83% | 3.85% | 3.89% | 3.80% | 3.85% |
| ▁▂▅▅██▅▆ | Return on Assets (%) | 1.27% | 1.31% | 1.42% | 1.45% | 1.54% | 1.57% | 1.42% | 1.47% |
| █▇▄▃▁▁▃▁ | Efficiency Ratio (%) | 58.0% | 57.4% | 55.6% | 54.8% | 54.0% | 53.5% | 54.7% | 53.8% |
| ██▃▄▄▅▁▁ | Cost of Funds (%) | 1.77% | 1.74% | 1.58% | 1.62% | 1.63% | 1.64% | 1.51% | 1.53% |
| ▂▁▁▂▃▃█▇ | NPA / Assets (%) | 0.20% | 0.16% | 0.13% | 0.21% | 0.23% | 0.23% | 0.47% | 0.43% |
| ▂▁▁▂▃▃█▇ | Net Charge-Off Ratio (%) | 0.27% | 0.19% | 0.16% | 0.26% | 0.30% | 0.29% | 0.64% | 0.56% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $227 | $230 | $235 | $239 | $245 | $250 | $255 | $256 |
| ▁▁▁▃▅▅▄█ | Gross Loans ($M) | $1,439 | $1,430 | $1,439 | $1,461 | $1,483 | $1,481 | $1,471 | $1,518 |
| ▂▁▂▃▆▅▇█ | Total Deposits ($M) | $1,649 | $1,632 | $1,651 | $1,671 | $1,718 | $1,706 | $1,744 | $1,765 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |