Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.22 | 0.65% |
| Return on Equity (%) | ▲ | 9.08% | +1.68 | 7.40% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.28 | 3.02% |
| Efficiency Ratio (%) | ▲ | 70.44% | -4.91 | 75.35% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.58 | $3 |
| Cost of Funds (%) | ▲ | 1.63% | -0.40 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,540 | -18.84 | $1,558 |
| Gross Loans ($M) | ▼ | $691 | -10.34 | $702 |
| Loan Growth YoY (%) | ▲ | 49.78% | +0.12 | 49.65% |
| Total Deposits ($M) | ▼ | $1,361 | -23.56 | $1,385 |
| Shareholders Equity ($M) | ▲ | $151 | +11.23 | $140 |
| Tang. Book Value ($M) | ▲ | $150 | +11.23 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $185 | +12.67 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 49.78% | +0.12 | 49.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.00 | 0.43% |
| Allowance / Loans (%) | — | 1.98% | -0.02% | 2.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.00 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.98% | +0.77 | 19.20% |
Noninterest income ($2.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▆██ | Net Interest Margin (%) | 2.88% | 2.93% | 3.02% | 3.02% | 3.09% | 3.15% | 3.26% | 3.30% |
| ▁▂▄▄▅▅▇█ | Return on Assets (%) | 0.51% | 0.58% | 0.68% | 0.65% | 0.70% | 0.72% | 0.79% | 0.86% |
| █▆▅▇▆▆▂▁ | Efficiency Ratio (%) | 77.0% | 75.3% | 74.5% | 75.3% | 74.8% | 74.7% | 71.8% | 70.4% |
| ██▆▅▅▃▁▁ | Cost of Funds (%) | 2.30% | 2.23% | 2.05% | 2.03% | 2.03% | 1.82% | 1.64% | 1.63% |
| ▆█▇▂▁▂▁▂ | NPA / Assets (%) | 0.51% | 0.55% | 0.52% | 0.43% | 0.41% | 0.42% | 0.39% | 0.43% |
| ▅█▇▂▁▂▁▂ | Net Charge-Off Ratio (%) | 0.97% | 1.09% | 1.03% | 0.85% | 0.81% | 0.84% | 0.80% | 0.85% |
| ▁▁▃▄▄▆▇█ | Tang. Book Value ($M) | $130 | $128 | $135 | $139 | $138 | $143 | $146 | $150 |
| ▇▇██▄▄▁▄ | Gross Loans ($M) | $700 | $701 | $704 | $702 | $692 | $690 | $681 | $691 |
| ▁▄▆████▇ | Total Deposits ($M) | $1,281 | $1,328 | $1,349 | $1,385 | $1,373 | $1,373 | $1,377 | $1,361 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |