Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.22 | 1.03% |
| Return on Equity (%) | ▲ | 13.39% | +0.36 | 13.03% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.40 | 3.21% |
| Efficiency Ratio (%) | ▲ | 63.34% | -0.67 | 64.01% |
| Pre-Provision Profit ($M) | ▲ | $11 | +3.51 | $7 |
| Cost of Funds (%) | ▲ | 1.58% | -0.09 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,381 | +335.86 | $2,045 |
| Gross Loans ($M) | ▲ | $1,590 | +319.21 | $1,271 |
| Loan Growth YoY (%) | ▲ | 77.39% | +5.89 | 71.51% |
| Total Deposits ($M) | ▲ | $2,031 | +271.99 | $1,759 |
| Shareholders Equity ($M) | ▲ | $236 | +71.04 | $165 |
| Tang. Book Value ($M) | ▲ | $204 | +53.96 | $150 |
| TBV excl. AOCI ($M)** | ▲ | $229 | +54.12 | $175 |
| Loan / Deposit Ratio (%) | ▲ | 77.39% | +5.89 | 71.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.16% | 0.12% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.98% | -0.06 | 13.04% |
Noninterest income ($5.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 2.97% | 3.01% | 3.13% | 3.21% | 3.27% | 3.31% | 3.57% | 3.61% |
| ▁▁▃▅▅▅▆█ | Return on Assets (%) | 0.80% | 0.84% | 0.94% | 1.03% | 1.06% | 1.07% | 1.09% | 1.25% |
| █▆▂▁▁▁█▁ | Efficiency Ratio (%) | 69.3% | 68.0% | 64.7% | 64.0% | 63.8% | 63.4% | 69.8% | 63.3% |
| █▆▂▃▃▂▁▁ | Cost of Funds (%) | 1.94% | 1.82% | 1.65% | 1.68% | 1.67% | 1.62% | 1.57% | 1.58% |
| █▇▅▂█▁▆▆ | NPA / Assets (%) | 0.04% | 0.04% | 0.03% | 0.02% | 0.04% | 0.02% | 0.04% | 0.04% |
| ▃▂▁▂█▁▇▇ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.02% | 0.02% | 0.05% | 0.02% | 0.04% | 0.05% |
| ▁▁▁▂▃▃██ | Tang. Book Value ($M) | $138 | $139 | $145 | $150 | $155 | $161 | $197 | $204 |
| ▁▁▂▂▂▃██ | Gross Loans ($M) | $1,201 | $1,230 | $1,259 | $1,271 | $1,288 | $1,322 | $1,556 | $1,590 |
| ▁▁▂▃▃▃██ | Total Deposits ($M) | $1,649 | $1,681 | $1,730 | $1,759 | $1,777 | $1,756 | $2,053 | $2,031 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |