Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +1.59 | -0.89% |
| Return on Equity (%) | ▲ | 8.15% | +21.39 | -13.24% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.93 | 2.09% |
| Efficiency Ratio (%) | ▲ | 86.43% | -28.15 | 114.58% |
| Pre-Provision Profit ($M) | ▲ | $2 | +2.76 | $-1 |
| Cost of Funds (%) | ▲ | 2.16% | -0.76 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,323 | +392.74 | $930 |
| Gross Loans ($M) | ▲ | $910 | +306.76 | $603 |
| Loan Growth YoY (%) | ▲ | 74.51% | +3.88 | 70.63% |
| Total Deposits ($M) | ▲ | $1,209 | +366.94 | $843 |
| Shareholders Equity ($M) | ▲ | $106 | +23.97 | $82 |
| Tang. Book Value ($M) | ▲ | $106 | +24.02 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +32.00 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 74.51% | +3.88 | 70.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.89% | -0.99 | 2.89% |
| Allowance / Loans (%) | — | 0.93% | -0.36% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 2.75% | -1.27 | 4.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.22% | -2.39 | 15.61% |
Noninterest income ($2.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▁▁▂▃▇█ | Net Interest Margin (%) | 2.45% | 2.40% | 2.04% | 2.09% | 2.21% | 2.30% | 2.78% | 3.01% |
| ▁▁▆▆▆▇██ | Return on Assets (%) | -3.66% | -3.63% | -0.75% | -0.89% | -0.53% | -0.26% | 0.52% | 0.70% |
| ▄▅██▇▅▁▁ | Efficiency Ratio (%) | 97.9% | 101.0% | 114.8% | 114.6% | 109.3% | 103.0% | 87.5% | 86.4% |
| ▆▅█▆▃▁▃▁ | Cost of Funds (%) | 2.92% | 2.77% | 3.30% | 2.92% | 2.56% | 2.20% | 2.49% | 2.16% |
| █▃▅▄▃▂▁▁ | NPA / Assets (%) | 4.45% | 2.84% | 3.38% | 2.89% | 2.73% | 2.24% | 1.94% | 1.89% |
| █▃▅▅▅▄▁▁ | Net Charge-Off Ratio (%) | 5.27% | 3.58% | 4.27% | 4.02% | 4.28% | 3.95% | 2.94% | 2.75% |
| ▂▁▅▆████ | Tang. Book Value ($M) | $46 | $34 | $78 | $82 | $99 | $102 | $101 | $106 |
| ▅▄▃▁▁▁▅█ | Gross Loans ($M) | $769 | $723 | $695 | $603 | $607 | $617 | $779 | $910 |
| ▁▃▁▁▁▄▅█ | Total Deposits ($M) | $828 | $969 | $872 | $843 | $847 | $978 | $1,061 | $1,209 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 23% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |