Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.57% | +0.70 | -0.12% |
| Return on Equity (%) | ▲ | 7.30% | +8.97 | -1.67% |
| Net Interest Margin (%) | ▲ | 2.30% | +0.12 | 2.18% |
| Efficiency Ratio (%) | ▲ | 87.56% | -20.45 | 108.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +7.63 | $-5 |
| Cost of Funds (%) | ▲ | 2.19% | -0.12 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,942 | +2.32 | $2,940 |
| Gross Loans ($M) | ▼ | $2,423 | -43.49 | $2,466 |
| Loan Growth YoY (%) | ▼ | 107.70% | -8.07 | 115.77% |
| Total Deposits ($M) | ▲ | $2,232 | +118.65 | $2,113 |
| Shareholders Equity ($M) | ▲ | $235 | +17.01 | $218 |
| Tang. Book Value ($M) | ▲ | $204 | +16.72 | $187 |
| TBV excl. AOCI ($M)** | ▲ | $212 | +16.90 | $195 |
| Loan / Deposit Ratio (%) | ▼ | 107.70% | -8.07 | 115.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.04 | 0.33% |
| Allowance / Loans (%) | — | 0.80% | -0.02% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.04 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.93% | +0.31 | 11.62% |
Noninterest income ($2.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆██ | Net Interest Margin (%) | 2.08% | 2.09% | 2.12% | 2.18% | 2.21% | 2.24% | 2.30% | 2.30% |
| ▃▃▄▁▂▂█▆ | Return on Assets (%) | 0.25% | 0.25% | 0.27% | -0.12% | 0.02% | 0.11% | 0.88% | 0.57% |
| ▁▁▁█▆▁▁▁ | Efficiency Ratio (%) | 85.3% | 85.4% | 85.9% | 108.0% | 101.1% | 85.8% | 87.9% | 87.6% |
| ██▃▃▃▃▁▁ | Cost of Funds (%) | 2.57% | 2.59% | 2.34% | 2.31% | 2.30% | 2.31% | 2.19% | 2.19% |
| ▅▅█▁▁▁▂▂ | NPA / Assets (%) | 0.51% | 0.51% | 0.63% | 0.33% | 0.33% | 0.37% | 0.38% | 0.37% |
| ▅▅█▁▁▂▂▂ | Net Charge-Off Ratio (%) | 0.62% | 0.62% | 0.76% | 0.40% | 0.39% | 0.44% | 0.45% | 0.44% |
| ▂▃▄▁▂▄▇█ | Tang. Book Value ($M) | $190 | $192 | $194 | $187 | $191 | $194 | $200 | $204 |
| ███▇▂▁▁▂ | Gross Loans ($M) | $2,484 | $2,475 | $2,475 | $2,466 | $2,422 | $2,405 | $2,409 | $2,423 |
| ▆██▁▄▅▅█ | Total Deposits ($M) | $2,197 | $2,224 | $2,237 | $2,113 | $2,170 | $2,176 | $2,180 | $2,232 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 15% |