Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.30 | 1.49% |
| Return on Equity (%) | ▲ | 21.98% | +2.89 | 19.09% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.39 | 2.92% |
| Efficiency Ratio (%) | ▲ | 50.98% | -3.55 | 54.52% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.24 | $10 |
| Cost of Funds (%) | ▲ | 2.14% | -0.16 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,641 | +41.81 | $2,600 |
| Gross Loans ($M) | ▲ | $2,050 | +108.45 | $1,941 |
| Loan Growth YoY (%) | ▲ | 89.36% | +0.04 | 89.32% |
| Total Deposits ($M) | ▲ | $2,270 | +119.15 | $2,150 |
| Shareholders Equity ($M) | ▲ | $215 | +14.09 | $201 |
| Tang. Book Value ($M) | ▲ | $212 | +14.15 | $198 |
| TBV excl. AOCI ($M)** | ▲ | $235 | +19.23 | $216 |
| Loan / Deposit Ratio (%) | ▲ | 89.36% | +0.04 | 89.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.28 | 0.31% |
| Allowance / Loans (%) | — | 1.06% | 0.00% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.76% | +0.34 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.08% | -0.09 | 12.17% |
Noninterest income ($3.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▇██ | Net Interest Margin (%) | 2.57% | 2.63% | 2.82% | 2.92% | 3.03% | 3.13% | 3.27% | 3.31% |
| ▁▁▄▅▆▆██ | Return on Assets (%) | 1.10% | 1.15% | 1.43% | 1.49% | 1.58% | 1.62% | 1.74% | 1.79% |
| █▇▄▃▂▂▁▁ | Efficiency Ratio (%) | 61.7% | 60.1% | 56.0% | 54.5% | 53.1% | 52.5% | 52.0% | 51.0% |
| ▆█▇▅▄▂▁▁ | Cost of Funds (%) | 2.32% | 2.43% | 2.38% | 2.30% | 2.26% | 2.21% | 2.14% | 2.14% |
| ▃▁▂▂▁▃██ | NPA / Assets (%) | 0.37% | 0.26% | 0.32% | 0.31% | 0.30% | 0.36% | 0.63% | 0.59% |
| ▃▁▂▂▂▃██ | Net Charge-Off Ratio (%) | 0.46% | 0.33% | 0.41% | 0.41% | 0.39% | 0.46% | 0.80% | 0.76% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $188 | $187 | $196 | $198 | $204 | $208 | $210 | $212 |
| ▁▁▃▃▃▇██ | Gross Loans ($M) | $1,888 | $1,902 | $1,931 | $1,941 | $1,945 | $2,014 | $2,039 | $2,050 |
| ▁▁▄▅█▇▇█ | Total Deposits ($M) | $1,967 | $1,987 | $2,080 | $2,150 | $2,236 | $2,207 | $2,231 | $2,270 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 7% |