Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.43% | +0.17 | 0.26% |
| Return on Equity (%) | ▲ | 5.02% | +1.51 | 3.51% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.34 | 2.91% |
| Efficiency Ratio (%) | ▲ | 83.84% | -5.60 | 89.44% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.87 | $2 |
| Cost of Funds (%) | ▲ | 1.55% | -0.15 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,040 | -17.89 | $2,058 |
| Gross Loans ($M) | ▲ | $1,505 | +19.76 | $1,485 |
| Loan Growth YoY (%) | ▲ | 85.80% | +2.26 | 83.53% |
| Total Deposits ($M) | ▼ | $1,733 | -22.75 | $1,756 |
| Shareholders Equity ($M) | ▲ | $177 | +23.79 | $153 |
| Tang. Book Value ($M) | ▲ | $153 | +24.34 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $169 | +23.46 | $145 |
| Loan / Deposit Ratio (%) | ▲ | 85.80% | +2.26 | 83.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.16 | 0.74% |
| Allowance / Loans (%) | — | 1.18% | -0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 1.10% | +0.18 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.81% | +0.51 | 11.30% |
Noninterest income ($2.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.51% | 2.55% | 2.85% | 2.91% | 2.97% | 3.04% | 3.26% | 3.26% |
| ██▁▃▅▅▆▅ | Return on Assets (%) | 0.64% | 0.59% | 0.09% | 0.26% | 0.40% | 0.40% | 0.45% | 0.43% |
| ▁▂█▇▆▅▄▄ | Efficiency Ratio (%) | 77.4% | 79.2% | 91.5% | 89.4% | 86.3% | 84.9% | 83.8% | 83.8% |
| █▇▅▃▄▃▁▁ | Cost of Funds (%) | 2.02% | 1.94% | 1.77% | 1.70% | 1.73% | 1.66% | 1.52% | 1.55% |
| ▂▂▁▃▃▁▁█ | NPA / Assets (%) | 0.73% | 0.73% | 0.69% | 0.74% | 0.76% | 0.69% | 0.71% | 0.90% |
| ▃▃▁▃▄▁▁█ | Net Charge-Off Ratio (%) | 0.91% | 0.91% | 0.84% | 0.92% | 0.94% | 0.82% | 0.85% | 1.10% |
| ▃▁▁▂▅▇▇█ | Tang. Book Value ($M) | $132 | $125 | $126 | $129 | $140 | $149 | $147 | $153 |
| ██▆▅▄▁▁█ | Gross Loans ($M) | $1,511 | $1,510 | $1,495 | $1,485 | $1,476 | $1,451 | $1,455 | $1,505 |
| ▆█▇▇▆▂▁▃ | Total Deposits ($M) | $1,753 | $1,764 | $1,754 | $1,756 | $1,752 | $1,727 | $1,720 | $1,733 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |