Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.10 | 0.92% |
| Return on Equity (%) | ▲ | 6.72% | +0.42 | 6.30% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.23 | 3.72% |
| Efficiency Ratio (%) | ▲ | 69.75% | -2.22 | 71.97% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.44 | $8 |
| Cost of Funds (%) | ▲ | 1.20% | -0.01 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,609 | +105.74 | $2,503 |
| Gross Loans ($M) | ▲ | $2,066 | +137.18 | $1,929 |
| Loan Growth YoY (%) | ▲ | 94.46% | +3.02 | 91.44% |
| Total Deposits ($M) | ▲ | $2,172 | +77.91 | $2,094 |
| Shareholders Equity ($M) | ▲ | $399 | +23.61 | $376 |
| Tang. Book Value ($M) | ▲ | $372 | +24.00 | $348 |
| TBV excl. AOCI ($M)** | ▲ | $383 | +23.86 | $359 |
| Loan / Deposit Ratio (%) | ▲ | 94.46% | +3.02 | 91.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.04 | 0.12% |
| Allowance / Loans (%) | — | 0.67% | -0.03% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.05 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 3.63% | 3.65% | 3.67% | 3.72% | 3.77% | 3.83% | 3.88% | 3.94% |
| ▃▃▄▅▁▃▇█ | Return on Assets (%) | 0.86% | 0.87% | 0.90% | 0.92% | 0.80% | 0.87% | 0.98% | 1.02% |
| ▃▃▃▃█▆▁▁ | Efficiency Ratio (%) | 72.3% | 72.1% | 72.3% | 72.0% | 77.0% | 74.8% | 70.3% | 69.8% |
| ██▅▂▄▄▁▁ | Cost of Funds (%) | 1.30% | 1.31% | 1.26% | 1.21% | 1.24% | 1.25% | 1.19% | 1.20% |
| ███▇▁▁▁▂ | NPA / Assets (%) | 0.13% | 0.12% | 0.12% | 0.12% | 0.07% | 0.07% | 0.07% | 0.08% |
| ██▇▇▁▁▁▁ | Net Charge-Off Ratio (%) | 0.17% | 0.17% | 0.16% | 0.15% | 0.10% | 0.09% | 0.09% | 0.10% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $330 | $336 | $342 | $348 | $351 | $358 | $365 | $372 |
| ▂▁▂▁▂▃▆█ | Gross Loans ($M) | $1,939 | $1,916 | $1,936 | $1,929 | $1,935 | $1,964 | $2,015 | $2,066 |
| ▁▁▁▁▅▆██ | Total Deposits ($M) | $2,084 | $2,093 | $2,089 | $2,094 | $2,136 | $2,143 | $2,163 | $2,172 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 3% |
| Consumer | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |