Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.10 | 1.64% |
| Return on Equity (%) | ▲ | 20.71% | +1.17 | 19.54% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.49 | 3.59% |
| Efficiency Ratio (%) | ▼ | 52.57% | +2.27 | 50.30% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.26 | $12 |
| Cost of Funds (%) | ▲ | 1.37% | -0.24 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,554 | +179.86 | $2,374 |
| Gross Loans ($M) | ▲ | $1,634 | +93.83 | $1,540 |
| Loan Growth YoY (%) | ▼ | 72.74% | -1.44 | 74.18% |
| Total Deposits ($M) | ▲ | $2,208 | +168.49 | $2,039 |
| Shareholders Equity ($M) | ▼ | $204 | -0.36 | $205 |
| Tang. Book Value ($M) | ▼ | $202 | -0.36 | $203 |
| TBV excl. AOCI ($M)** | ▲ | $236 | +5.03 | $231 |
| Loan / Deposit Ratio (%) | ▼ | 72.74% | -1.44 | 74.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.69% | -0.06% | 1.75% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.99% | -0.90 | 12.89% |
Noninterest income ($4.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▃▅██ | Net Interest Margin (%) | 3.41% | 3.53% | 3.55% | 3.59% | 3.66% | 3.82% | 4.09% | 4.08% |
| ▁▁▅▆▆▆██ | Return on Assets (%) | 1.45% | 1.42% | 1.62% | 1.64% | 1.63% | 1.67% | 1.76% | 1.74% |
| █▇▁▂▃▅▆▇ | Efficiency Ratio (%) | 53.3% | 52.8% | 49.7% | 50.3% | 50.8% | 51.5% | 52.2% | 52.6% |
| █▅▅▆▆▃▁▂ | Cost of Funds (%) | 1.80% | 1.55% | 1.58% | 1.61% | 1.64% | 1.47% | 1.29% | 1.37% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▃▁▅▄█▇▃▄ | Tang. Book Value ($M) | $202 | $198 | $204 | $203 | $209 | $206 | $202 | $202 |
| ▁▂▂▃▄▆██ | Gross Loans ($M) | $1,505 | $1,527 | $1,521 | $1,540 | $1,564 | $1,590 | $1,621 | $1,634 |
| ▃█▄▁▂▁▂▇ | Total Deposits ($M) | $2,099 | $2,245 | $2,133 | $2,039 | $2,085 | $2,063 | $2,077 | $2,208 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |