Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.24 | 1.26% |
| Return on Equity (%) | ▲ | 13.89% | +2.30 | 11.59% |
| Net Interest Margin (%) | ▼ | 2.90% | -0.10 | 3.00% |
| Efficiency Ratio (%) | ▲ | 53.38% | -0.92 | 54.30% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.28 | $11 |
| Cost of Funds (%) | ▲ | 2.56% | -0.14 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,775 | +127.20 | $2,648 |
| Gross Loans ($M) | ▼ | $1,896 | -136.33 | $2,032 |
| Loan Growth YoY (%) | ▼ | 78.27% | -8.54 | 86.81% |
| Total Deposits ($M) | ▲ | $2,394 | +83.84 | $2,310 |
| Shareholders Equity ($M) | ▲ | $315 | +17.54 | $298 |
| Tang. Book Value ($M) | ▲ | $313 | +17.54 | $295 |
| TBV excl. AOCI ($M)** | ▲ | $330 | +19.13 | $311 |
| Loan / Deposit Ratio (%) | ▼ | 78.27% | -8.54 | 86.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.21 | 0.56% |
| Allowance / Loans (%) | — | 1.17% | -0.15% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.22 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.29% | +1.19 | 13.10% |
Noninterest income ($6.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▅▆▆█▁▂ | Net Interest Margin (%) | 3.00% | 3.04% | 2.97% | 3.00% | 3.01% | 3.06% | 2.86% | 2.90% |
| ▁▁▆▆▆▆▇█ | Return on Assets (%) | 0.81% | 0.89% | 1.28% | 1.26% | 1.25% | 1.30% | 1.34% | 1.50% |
| ██▁▁▂▂▁▁ | Efficiency Ratio (%) | 62.5% | 61.6% | 54.5% | 54.3% | 55.0% | 55.3% | 54.0% | 53.4% |
| █▆▃▅▅▆▁▄ | Cost of Funds (%) | 3.13% | 2.80% | 2.51% | 2.70% | 2.74% | 2.86% | 2.21% | 2.56% |
| ▆█▇▅▃▄▁▁ | NPA / Assets (%) | 0.60% | 0.72% | 0.67% | 0.56% | 0.47% | 0.50% | 0.37% | 0.35% |
| ▅██▅▃▄▂▁ | Net Charge-Off Ratio (%) | 0.73% | 0.90% | 0.90% | 0.72% | 0.62% | 0.67% | 0.56% | 0.51% |
| ▁▁▃▅▅▆▇█ | Tang. Book Value ($M) | $274 | $278 | $287 | $295 | $296 | $301 | $305 | $313 |
| ▇▆▆▅█▅▆▁ | Gross Loans ($M) | $2,091 | $2,049 | $2,041 | $2,032 | $2,119 | $2,031 | $2,048 | $1,896 |
| ▂▁▄▃▄▃█▄ | Total Deposits ($M) | $2,205 | $2,127 | $2,397 | $2,310 | $2,407 | $2,302 | $2,727 | $2,394 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 19% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 10% |