Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.96% | -0.02 | 0.98% |
| Return on Equity (%) | ▼ | 6.77% | -1.94 | 8.71% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.47 | 2.97% |
| Efficiency Ratio (%) | ▲ | 67.57% | -0.26 | 67.83% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.72 | $5 |
| Cost of Funds (%) | ▲ | 1.86% | -0.47 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,544 | -88.87 | $1,632 |
| Gross Loans ($M) | ▼ | $1,136 | -42.43 | $1,179 |
| Loan Growth YoY (%) | ▲ | 85.15% | +2.85 | 82.30% |
| Total Deposits ($M) | ▼ | $1,315 | -96.44 | $1,411 |
| Shareholders Equity ($M) | ▲ | $222 | +30.78 | $191 |
| Tang. Book Value ($M) | ▲ | $222 | +30.83 | $191 |
| TBV excl. AOCI ($M)** | ▲ | $237 | +29.16 | $208 |
| Loan / Deposit Ratio (%) | ▲ | 85.15% | +2.85 | 82.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.92% | -0.07 | 0.99% |
| Allowance / Loans (%) | — | 1.49% | 0.01% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 1.03% | -0.04 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 2.55% | 2.64% | 2.89% | 2.97% | 2.98% | 3.05% | 3.34% | 3.44% |
| ▆▁▇▇██▇▇ | Return on Assets (%) | 0.59% | -1.15% | 0.85% | 0.98% | 1.29% | 1.22% | 0.77% | 0.96% |
| ▂█▁▁▁▁▂▁ | Efficiency Ratio (%) | 73.4% | 134.4% | 67.3% | 67.8% | 61.5% | 62.7% | 71.6% | 67.6% |
| █▆▅▅▆▅▁▁ | Cost of Funds (%) | 2.64% | 2.40% | 2.32% | 2.33% | 2.38% | 2.26% | 1.91% | 1.86% |
| ▁▃▁▃▄▄█▃ | NPA / Assets (%) | 0.59% | 0.98% | 0.59% | 0.99% | 1.09% | 1.17% | 1.76% | 0.92% |
| ▁▄▁▂▂▃█▂ | Net Charge-Off Ratio (%) | 0.86% | 1.35% | 0.82% | 1.07% | 1.12% | 1.27% | 2.08% | 1.03% |
| ▇▁▂▃▆▇██ | Tang. Book Value ($M) | $214 | $179 | $186 | $191 | $208 | $214 | $218 | $222 |
| ▇█▇▆▄▁▂▃ | Gross Loans ($M) | $1,190 | $1,216 | $1,185 | $1,179 | $1,147 | $1,089 | $1,111 | $1,136 |
| █▇▆▅▅▃▁▂ | Total Deposits ($M) | $1,490 | $1,443 | $1,424 | $1,411 | $1,396 | $1,346 | $1,283 | $1,315 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 12% |