Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.95% | -0.28 | 1.23% |
| Return on Equity (%) | ▼ | 12.96% | -6.13 | 19.09% |
| Net Interest Margin (%) | ▼ | 3.09% | -0.05 | 3.15% |
| Efficiency Ratio (%) | ▼ | 71.82% | +6.71 | 65.12% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.27 | $3 |
| Cost of Funds (%) | ▲ | 1.92% | -0.11 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,161 | +128.37 | $1,033 |
| Gross Loans ($M) | ▲ | $592 | +39.26 | $553 |
| Loan Growth YoY (%) | ▼ | 60.17% | -2.91 | 63.08% |
| Total Deposits ($M) | ▲ | $968 | +105.47 | $863 |
| Shareholders Equity ($M) | ▲ | $83 | +15.65 | $67 |
| Tang. Book Value ($M) | ▲ | $83 | +15.65 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +19.81 | $89 |
| Loan / Deposit Ratio (%) | ▼ | 60.17% | -2.91 | 63.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.85 | 0.05% |
| Allowance / Loans (%) | — | 1.59% | 0.05% | 1.54% |
| Net Charge-Off Ratio (%) | ▼ | 1.77% | +1.66 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.10% | -0.40 | 15.50% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇█▇██▇ | Net Interest Margin (%) | 2.69% | 2.76% | 3.11% | 3.15% | 3.13% | 3.21% | 3.15% | 3.09% |
| ▂▄███▇▁▂ | Return on Assets (%) | 0.94% | 1.04% | 1.25% | 1.23% | 1.20% | 1.17% | 0.88% | 0.95% |
| ▄▂▁▁▁▂█▇ | Efficiency Ratio (%) | 68.8% | 66.6% | 65.0% | 65.1% | 65.0% | 66.3% | 74.0% | 71.8% |
| █▅▄▄▄▂▁▂ | Cost of Funds (%) | 2.29% | 2.10% | 2.03% | 2.04% | 1.99% | 1.90% | 1.81% | 1.92% |
| ▂▁▁▁▁▁██ | NPA / Assets (%) | 0.14% | 0.02% | 0.01% | 0.05% | 0.06% | 0.05% | 0.97% | 0.90% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.26% | 0.03% | 0.03% | 0.10% | 0.12% | 0.10% | 1.98% | 1.77% |
| ▄▁▃▂▆███ | Tang. Book Value ($M) | $73 | $63 | $69 | $67 | $79 | $82 | $84 | $83 |
| ▂▁▁▃▄▅▃█ | Gross Loans ($M) | $547 | $545 | $539 | $553 | $564 | $571 | $559 | $592 |
| ▄▅▃▁▃██▇ | Total Deposits ($M) | $928 | $937 | $901 | $863 | $905 | $994 | $993 | $968 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 12% |