Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.31 | 0.97% |
| Return on Equity (%) | ▲ | 8.57% | +2.04 | 6.53% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.43 | 2.63% |
| Efficiency Ratio (%) | ▲ | 75.19% | -5.51 | 80.70% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.23 | $10 |
| Cost of Funds (%) | ▲ | 2.41% | -0.24 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,253 | -2.92 | $2,256 |
| Gross Loans ($M) | ▲ | $1,836 | +9.47 | $1,826 |
| Loan Growth YoY (%) | ▼ | 123.66% | -3.04 | 126.70% |
| Total Deposits ($M) | ▲ | $1,470 | +42.63 | $1,427 |
| Shareholders Equity ($M) | ▲ | $332 | +4.53 | $327 |
| Tang. Book Value ($M) | ▲ | $330 | +4.35 | $325 |
| TBV excl. AOCI ($M)** | ▲ | $342 | +5.28 | $336 |
| Loan / Deposit Ratio (%) | ▼ | 123.66% | -3.04 | 126.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.06 | 0.37% |
| Allowance / Loans (%) | — | 0.97% | -0.00% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.09 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.66% | -0.32 | 18.98% |
Noninterest income ($23.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.18% | 2.27% | 2.56% | 2.63% | 2.70% | 2.80% | 2.99% | 3.06% |
| ▃▃▁▅▇▇▆█ | Return on Assets (%) | 0.79% | 0.82% | 0.55% | 0.97% | 1.11% | 1.17% | 1.06% | 1.28% |
| ▅▅█▄▂▂▂▁ | Efficiency Ratio (%) | 83.6% | 82.7% | 88.7% | 80.7% | 78.4% | 77.4% | 77.9% | 75.2% |
| █▆▅▃▃▂▁▁ | Cost of Funds (%) | 3.16% | 2.94% | 2.80% | 2.66% | 2.62% | 2.55% | 2.41% | 2.41% |
| ▁▃▇█▂▄▇▄ | NPA / Assets (%) | 0.25% | 0.28% | 0.35% | 0.37% | 0.27% | 0.29% | 0.35% | 0.30% |
| ▁▂▇█▂▃▇▄ | Net Charge-Off Ratio (%) | 0.29% | 0.31% | 0.42% | 0.45% | 0.32% | 0.34% | 0.41% | 0.36% |
| ▁▁▂▁▅██▃ | Tang. Book Value ($M) | $326 | $327 | $327 | $325 | $331 | $336 | $337 | $330 |
| █▅▁▆█▅▆▇ | Gross Loans ($M) | $1,851 | $1,816 | $1,780 | $1,826 | $1,851 | $1,821 | $1,829 | $1,836 |
| ▁▅▅▆▆███ | Total Deposits ($M) | $1,315 | $1,399 | $1,414 | $1,427 | $1,434 | $1,476 | $1,465 | $1,470 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 16% |