Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.31% | +0.21 | 0.10% |
| Return on Equity (%) | ▲ | 1.87% | +1.25 | 0.62% |
| Net Interest Margin (%) | ▲ | 2.34% | +0.42 | 1.92% |
| Efficiency Ratio (%) | ▲ | 83.69% | -10.43 | 94.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.39 | $1 |
| Cost of Funds (%) | ▲ | 1.21% | -0.08 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,726 | +8.78 | $2,717 |
| Gross Loans ($M) | ▲ | $1,494 | +180.48 | $1,313 |
| Loan Growth YoY (%) | ▲ | 69.80% | +8.42 | 61.38% |
| Total Deposits ($M) | ▲ | $2,121 | +2.42 | $2,119 |
| Shareholders Equity ($M) | ▲ | $459 | +5.86 | $453 |
| Tang. Book Value ($M) | ▲ | $459 | +5.86 | $453 |
| TBV excl. AOCI ($M)** | ▼ | $515 | -3.35 | $518 |
| Loan / Deposit Ratio (%) | ▲ | 69.80% | +8.42 | 61.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.15% | +1.96 | 0.19% |
| Allowance / Loans (%) | — | 0.89% | -0.09% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 3.92% | +3.52 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 1.50% | 1.51% | 1.86% | 1.92% | 2.01% | 2.07% | 2.25% | 2.34% |
| ▁▁▂▃▄▆▆█ | Return on Assets (%) | 0.04% | 0.03% | 0.06% | 0.10% | 0.16% | 0.21% | 0.24% | 0.31% |
| ██▇▆▄▃▂▁ | Efficiency Ratio (%) | 98.4% | 99.3% | 96.2% | 94.1% | 91.2% | 89.2% | 86.8% | 83.7% |
| █▃▁▁▁▁▁▁ | Cost of Funds (%) | 2.47% | 1.58% | 1.26% | 1.29% | 1.23% | 1.23% | 1.19% | 1.21% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.25% | 0.19% | 0.18% | 0.19% | 0.24% | 2.10% | 2.15% | 2.15% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.58% | 0.41% | 0.40% | 0.40% | 0.48% | 4.07% | 4.09% | 3.92% |
| ▁▂▂▃▅▅▆█ | Tang. Book Value ($M) | $450 | $451 | $452 | $453 | $455 | $455 | $457 | $459 |
| ▁▁▁▂▄▅▆█ | Gross Loans ($M) | $1,267 | $1,272 | $1,274 | $1,313 | $1,369 | $1,407 | $1,435 | $1,494 |
| ▄█▃▁▅██▁ | Total Deposits ($M) | $2,140 | $2,160 | $2,135 | $2,119 | $2,143 | $2,163 | $2,163 | $2,121 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |