Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.20 | 1.37% |
| Return on Equity (%) | ▼ | 12.27% | -1.90 | 14.17% |
| Net Interest Margin (%) | ▼ | 4.50% | -0.05 | 4.55% |
| Efficiency Ratio (%) | ▼ | 65.12% | +2.78 | 62.34% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.53 | $4 |
| Cost of Funds (%) | ▲ | 2.05% | -0.05 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,216 | +236.22 | $980 |
| Gross Loans ($M) | ▲ | $758 | +86.92 | $671 |
| Loan Growth YoY (%) | ▼ | 69.84% | -7.81 | 77.64% |
| Total Deposits ($M) | ▲ | $1,070 | +218.43 | $851 |
| Shareholders Equity ($M) | ▲ | $115 | +17.53 | $97 |
| Tang. Book Value ($M) | ▲ | $114 | +16.40 | $97 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +23.38 | $103 |
| Loan / Deposit Ratio (%) | ▼ | 69.84% | -7.81 | 77.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.08 | 0.31% |
| Allowance / Loans (%) | — | 1.39% | -0.05% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.08 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.07% | -0.07 | 15.14% |
Noninterest income ($2.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▇██▇▇ | Net Interest Margin (%) | 4.14% | 4.29% | 4.41% | 4.55% | 4.61% | 4.59% | 4.51% | 4.50% |
| ▁▁▇███▄▄ | Return on Assets (%) | 0.96% | 0.98% | 1.33% | 1.37% | 1.38% | 1.41% | 1.13% | 1.16% |
| ▇█▁▁▁▂▅▅ | Efficiency Ratio (%) | 66.2% | 67.2% | 62.3% | 62.3% | 62.2% | 62.9% | 64.8% | 65.1% |
| █▅▅▅▃▁▂▄ | Cost of Funds (%) | 2.29% | 2.12% | 2.13% | 2.10% | 2.04% | 1.89% | 1.96% | 2.05% |
| █▇▄▃▄▁▁▁ | NPA / Assets (%) | 0.50% | 0.44% | 0.36% | 0.31% | 0.35% | 0.25% | 0.25% | 0.24% |
| █▇▁▄▄▃▃▃ | Net Charge-Off Ratio (%) | 0.61% | 0.53% | 0.13% | 0.35% | 0.35% | 0.29% | 0.28% | 0.28% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $89 | $89 | $94 | $97 | $102 | $109 | $112 | $114 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $620 | $628 | $644 | $671 | $689 | $736 | $742 | $758 |
| ▁▁▃▃▄▇▇█ | Total Deposits ($M) | $767 | $804 | $844 | $851 | $910 | $1,008 | $1,029 | $1,070 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 20% |