Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.19 | 0.85% |
| Return on Equity (%) | ▲ | 13.01% | +1.00 | 12.01% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.32 | 3.28% |
| Efficiency Ratio (%) | ▲ | 67.36% | -4.10 | 71.46% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.24 | $4 |
| Cost of Funds (%) | ▲ | 1.82% | -0.35 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,372 | -23.57 | $1,395 |
| Gross Loans ($M) | ▼ | $978 | -8.32 | $987 |
| Loan Growth YoY (%) | ▲ | 78.72% | +0.99 | 77.72% |
| Total Deposits ($M) | ▼ | $1,227 | -24.33 | $1,251 |
| Shareholders Equity ($M) | ▲ | $113 | +17.78 | $96 |
| Tang. Book Value ($M) | ▲ | $113 | +18.04 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +17.61 | $109 |
| Loan / Deposit Ratio (%) | ▲ | 78.72% | +0.99 | 77.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.35 | 0.66% |
| Allowance / Loans (%) | — | 1.32% | -0.15% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.51 | 0.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.52% | +0.60 | 12.92% |
Noninterest income ($3.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇▇██ | Net Interest Margin (%) | 2.76% | 2.86% | 3.18% | 3.28% | 3.41% | 3.45% | 3.50% | 3.61% |
| ▁▂▅▅██▇█ | Return on Assets (%) | 0.44% | 0.55% | 0.80% | 0.85% | 1.11% | 1.09% | 0.94% | 1.04% |
| █▇▄▄▁▁▃▂ | Efficiency Ratio (%) | 81.6% | 78.8% | 72.3% | 71.5% | 63.1% | 63.4% | 69.5% | 67.4% |
| █▇▇▄▄▃▂▁ | Cost of Funds (%) | 2.55% | 2.42% | 2.37% | 2.16% | 2.15% | 2.01% | 1.92% | 1.82% |
| ▃▃▇█▅▁▃▁ | NPA / Assets (%) | 0.41% | 0.40% | 0.59% | 0.66% | 0.49% | 0.32% | 0.40% | 0.30% |
| ▃▃▇█▅▁▃▁ | Net Charge-Off Ratio (%) | 0.59% | 0.59% | 0.83% | 0.93% | 0.70% | 0.46% | 0.57% | 0.42% |
| ▄▃▃▁▆▇▆█ | Tang. Book Value ($M) | $103 | $102 | $101 | $95 | $107 | $109 | $107 | $113 |
| ▂▂▅█▇▁▃▅ | Gross Loans ($M) | $973 | $971 | $980 | $987 | $983 | $968 | $973 | $978 |
| ▄█▄▃▃▅▁▁ | Total Deposits ($M) | $1,266 | $1,312 | $1,260 | $1,251 | $1,255 | $1,275 | $1,236 | $1,227 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 12% |
| Consumer | 20% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |