Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.49% | -0.14 | 0.62% |
| Return on Equity (%) | ▼ | 5.49% | -1.51 | 7.00% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.15 | 3.20% |
| Efficiency Ratio (%) | ▼ | 87.91% | +3.25 | 84.66% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.54 | $3 |
| Cost of Funds (%) | ▲ | 2.44% | -0.31 | 2.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,012 | -6.46 | $1,018 |
| Gross Loans ($M) | ▼ | $783 | -55.70 | $839 |
| Loan Growth YoY (%) | ▼ | 86.48% | -5.71 | 92.19% |
| Total Deposits ($M) | ▼ | $897 | -5.02 | $902 |
| Shareholders Equity ($M) | ▲ | $93 | +3.42 | $90 |
| Tang. Book Value ($M) | ▲ | $93 | +3.42 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +3.10 | $93 |
| Loan / Deposit Ratio (%) | ▼ | 86.48% | -5.71 | 92.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.52% | +0.60 | 0.92% |
| Allowance / Loans (%) | — | 0.97% | 0.09% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.52 | 1.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.50% | +1.15 | 12.34% |
Noninterest income ($9.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▃▅█ | Net Interest Margin (%) | 3.06% | 3.09% | 3.17% | 3.20% | 3.20% | 3.17% | 3.24% | 3.35% |
| ▁▂▄█▆▆▁▇ | Return on Assets (%) | 0.07% | 0.15% | 0.29% | 0.62% | 0.46% | 0.44% | 0.13% | 0.49% |
| ██▅▁▃▄▇▄ | Efficiency Ratio (%) | 91.6% | 92.0% | 88.8% | 84.7% | 87.2% | 87.8% | 90.9% | 87.9% |
| █▇▅▄▇▆▂▁ | Cost of Funds (%) | 3.06% | 2.96% | 2.76% | 2.74% | 2.97% | 2.89% | 2.58% | 2.44% |
| ▁▂▄▃▅▇██ | NPA / Assets (%) | 0.61% | 0.75% | 0.98% | 0.92% | 1.10% | 1.38% | 1.49% | 1.52% |
| ▁▂▅▄▄███ | Net Charge-Off Ratio (%) | 0.77% | 0.95% | 1.22% | 1.11% | 1.12% | 1.54% | 1.60% | 1.64% |
| ▁▁▂▅▅▆▆█ | Tang. Book Value ($M) | $86 | $86 | $87 | $90 | $90 | $91 | $91 | $93 |
| ▃▁▁█▄▂▃▂ | Gross Loans ($M) | $794 | $769 | $770 | $839 | $800 | $786 | $794 | $783 |
| ▁▂▄▇██▇▆ | Total Deposits ($M) | $762 | $798 | $848 | $902 | $927 | $945 | $908 | $897 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 12% |