Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.22 | 0.94% |
| Return on Equity (%) | ▲ | 11.90% | +2.15 | 9.75% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.35 | 3.64% |
| Efficiency Ratio (%) | ▲ | 63.73% | -3.79 | 67.52% |
| Pre-Provision Profit ($M) | ▲ | $14 | +3.18 | $11 |
| Cost of Funds (%) | ▲ | 1.98% | -0.41 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,299 | +37.22 | $3,261 |
| Gross Loans ($M) | ▲ | $2,597 | +55.12 | $2,542 |
| Loan Growth YoY (%) | ▲ | 99.12% | +5.46 | 93.66% |
| Total Deposits ($M) | ▼ | $2,586 | -93.81 | $2,680 |
| Shareholders Equity ($M) | ▲ | $324 | +9.78 | $314 |
| Tang. Book Value ($M) | ▲ | $295 | +11.29 | $284 |
| TBV excl. AOCI ($M)** | ▲ | $310 | +13.71 | $297 |
| Loan / Deposit Ratio (%) | ▲ | 99.12% | +5.46 | 93.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.32% | +0.28 | 1.05% |
| Allowance / Loans (%) | — | 1.32% | 0.04% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.43 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.97% | +0.11 | 10.86% |
Noninterest income ($4.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆▇█ | Net Interest Margin (%) | 3.17% | 3.24% | 3.53% | 3.64% | 3.67% | 3.72% | 3.88% | 3.99% |
| ▁▂▅▆▆▇▇█ | Return on Assets (%) | 0.48% | 0.58% | 0.90% | 0.94% | 0.91% | 0.99% | 1.05% | 1.16% |
| █▇▄▃▃▃▃▁ | Efficiency Ratio (%) | 74.3% | 72.9% | 68.4% | 67.5% | 67.5% | 66.4% | 67.3% | 63.7% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.80% | 2.58% | 2.32% | 2.39% | 2.32% | 2.18% | 2.00% | 1.98% |
| ▂▄▂▁▄▄██ | NPA / Assets (%) | 1.11% | 1.15% | 1.09% | 1.05% | 1.19% | 1.17% | 1.33% | 1.32% |
| █▁▁▁▂▂▅▄ | Net Charge-Off Ratio (%) | 1.23% | 0.42% | 0.36% | 0.32% | 0.52% | 0.49% | 0.82% | 0.75% |
| ▁▁▃▅▆███ | Tang. Book Value ($M) | $271 | $271 | $278 | $284 | $288 | $294 | $295 | $295 |
| ▂▁▃▄▇██▇ | Gross Loans ($M) | $2,482 | $2,459 | $2,509 | $2,542 | $2,602 | $2,629 | $2,637 | $2,597 |
| ▁▅▆█▃▆█▅ | Total Deposits ($M) | $2,452 | $2,566 | $2,608 | $2,680 | $2,534 | $2,601 | $2,656 | $2,586 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 17% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 8% |