Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.14 | 0.18% |
| Return on Equity (%) | ▲ | 2.97% | +1.18 | 1.79% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.23 | 2.65% |
| Efficiency Ratio (%) | ▲ | 82.10% | -3.10 | 85.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.23 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,148 | +23.04 | $1,125 |
| Gross Loans ($M) | ▼ | $641 | -34.79 | $675 |
| Loan Growth YoY (%) | ▼ | 63.96% | -3.92 | 67.89% |
| Total Deposits ($M) | ▲ | $992 | +6.49 | $985 |
| Shareholders Equity ($M) | ▲ | $126 | +7.59 | $118 |
| Tang. Book Value ($M) | ▲ | $124 | +7.60 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +7.70 | $132 |
| Loan / Deposit Ratio (%) | ▼ | 63.96% | -3.92 | 67.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.52% | -0.13 | 1.65% |
| Allowance / Loans (%) | — | 1.01% | 0.01% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -2.52 | 2.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.41% | +1.11 | 20.30% |
Noninterest income ($1.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▆█ | Net Interest Margin (%) | 2.58% | 2.58% | 2.56% | 2.65% | 2.68% | 2.71% | 2.79% | 2.88% |
| ▇▆▇▁▄▅█▆ | Return on Assets (%) | 0.35% | 0.33% | 0.35% | 0.18% | 0.28% | 0.30% | 0.38% | 0.32% |
| ▆▆█▅▅▅▆▁ | Efficiency Ratio (%) | 85.6% | 85.4% | 87.1% | 85.2% | 84.9% | 84.9% | 85.4% | 82.1% |
| ██▆█▆▇▂▁ | Cost of Funds (%) | 1.81% | 1.80% | 1.73% | 1.79% | 1.73% | 1.75% | 1.60% | 1.57% |
| ▇▇▅███▁▁ | NPA / Assets (%) | 1.64% | 1.62% | 1.59% | 1.65% | 1.64% | 1.67% | 1.50% | 1.52% |
| ██████▁▁ | Net Charge-Off Ratio (%) | 2.73% | 2.73% | 2.71% | 2.69% | 2.77% | 2.83% | 0.17% | 0.17% |
| ▃▁▃▃▇███ | Tang. Book Value ($M) | $116 | $112 | $116 | $116 | $121 | $123 | $123 | $124 |
| ▇▆▇██▅▁▁ | Gross Loans ($M) | $671 | $666 | $668 | $675 | $671 | $660 | $638 | $641 |
| ▁▅█▂▃▁█▃ | Total Deposits ($M) | $976 | $1,001 | $1,021 | $985 | $988 | $976 | $1,019 | $992 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |