Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.08 | 0.96% |
| Return on Equity (%) | ▼ | 15.18% | -1.04 | 16.22% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.22 | 3.32% |
| Efficiency Ratio (%) | ▲ | 62.67% | -2.08 | 64.75% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.08 | $6 |
| Cost of Funds (%) | ▲ | 1.76% | -0.31 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,993 | +168.85 | $1,825 |
| Gross Loans ($M) | ▲ | $1,239 | +34.16 | $1,205 |
| Loan Growth YoY (%) | ▼ | 67.06% | -3.49 | 70.55% |
| Total Deposits ($M) | ▲ | $1,825 | +137.07 | $1,688 |
| Shareholders Equity ($M) | ▲ | $144 | +30.47 | $114 |
| Tang. Book Value ($M) | ▲ | $142 | +29.94 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $164 | +28.36 | $135 |
| Loan / Deposit Ratio (%) | ▼ | 67.06% | -3.49 | 70.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.06 | 0.24% |
| Allowance / Loans (%) | — | 1.18% | 0.06% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.11 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.86% | +1.05 | 10.81% |
Noninterest income ($4.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇▇▇██ | Net Interest Margin (%) | 2.60% | 2.71% | 3.21% | 3.32% | 3.38% | 3.42% | 3.46% | 3.54% |
| ▁▄▃▅▆█▆▇ | Return on Assets (%) | 0.80% | 0.94% | 0.89% | 0.96% | 1.00% | 1.08% | 1.00% | 1.03% |
| █▅▅▄▄▃▁▂ | Efficiency Ratio (%) | 70.0% | 65.9% | 65.8% | 64.7% | 65.0% | 63.7% | 61.5% | 62.7% |
| █▆▄▄▄▂▂▁ | Cost of Funds (%) | 2.46% | 2.22% | 2.07% | 2.07% | 2.04% | 1.90% | 1.91% | 1.76% |
| ▆▇▁▆▃▃▂█ | NPA / Assets (%) | 0.26% | 0.26% | 0.14% | 0.24% | 0.19% | 0.19% | 0.17% | 0.30% |
| ▆▇▁▅▃▃▂█ | Net Charge-Off Ratio (%) | 0.40% | 0.43% | 0.21% | 0.36% | 0.29% | 0.31% | 0.27% | 0.47% |
| ▂▁▂▂▅▇▇█ | Tang. Book Value ($M) | $110 | $102 | $107 | $112 | $123 | $132 | $135 | $142 |
| ▁▂▃▅███▇ | Gross Loans ($M) | $1,125 | $1,148 | $1,163 | $1,205 | $1,262 | $1,272 | $1,273 | $1,239 |
| ▁▄▂▂▃█▆▆ | Total Deposits ($M) | $1,611 | $1,735 | $1,687 | $1,688 | $1,720 | $1,932 | $1,844 | $1,825 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 16% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |