Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.75 | 1.27% |
| Return on Equity (%) | ▲ | 19.84% | +7.37 | 12.47% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.42 | 2.52% |
| Efficiency Ratio (%) | ▲ | 48.40% | -12.73 | 61.13% |
| Pre-Provision Profit ($M) | ▲ | $18 | +3.79 | $14 |
| Cost of Funds (%) | ▲ | 2.71% | -0.18 | 2.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $4,020 | -6.03 | $4,026 |
| Gross Loans ($M) | ▼ | $3,554 | -28.92 | $3,583 |
| Loan Growth YoY (%) | ▼ | 99.73% | -5.68 | 105.40% |
| Total Deposits ($M) | ▲ | $3,535 | +162.53 | $3,372 |
| Shareholders Equity ($M) | ▲ | $409 | +4.35 | $404 |
| Tang. Book Value ($M) | ▲ | $333 | +5.84 | $327 |
| Loan / Deposit Ratio (%) | ▼ | 99.73% | -5.68 | 105.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.28 | 0.35% |
| Allowance / Loans (%) | — | 0.81% | 0.02% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.31 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($10.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 1.91% | 1.99% | 2.39% | 2.52% | 2.59% | 2.67% | 2.93% | 2.94% |
| ▁▁▂▃▅▅█▇ | Return on Assets (%) | 0.85% | 0.83% | 1.08% | 1.27% | 1.69% | 1.65% | 2.24% | 2.01% |
| ██▇▆▃▃▁▁ | Efficiency Ratio (%) | 69.8% | 70.6% | 65.1% | 61.1% | 52.4% | 54.7% | 45.3% | 48.4% |
| █▆▄▂▃▂▁▁ | Cost of Funds (%) | 3.56% | 3.30% | 3.08% | 2.90% | 2.99% | 2.91% | 2.73% | 2.71% |
| ▁▂▄▃▅▅▇█ | NPA / Assets (%) | 0.23% | 0.29% | 0.38% | 0.35% | 0.46% | 0.45% | 0.57% | 0.63% |
| ▁▂▄▃▅▅▇█ | Net Charge-Off Ratio (%) | 0.26% | 0.33% | 0.43% | 0.39% | 0.52% | 0.51% | 0.64% | 0.70% |
| ▁▁▃▅██▇█ | Tang. Book Value ($M) | $318 | $318 | $322 | $327 | $335 | $333 | $331 | $333 |
| ▂▁▂▇█▆▅▆ | Gross Loans ($M) | $3,484 | $3,441 | $3,466 | $3,583 | $3,617 | $3,566 | $3,541 | $3,554 |
| ▁▅▅▃▅▇▇█ | Total Deposits ($M) | $3,282 | $3,413 | $3,429 | $3,372 | $3,409 | $3,485 | $3,485 | $3,535 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 10% |