Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.40% | +0.06 | 2.34% |
| Return on Equity (%) | ▼ | 23.80% | -0.42 | 24.22% |
| Net Interest Margin (%) | ▼ | 4.12% | -0.04 | 4.16% |
| Efficiency Ratio (%) | ▲ | 38.27% | -0.64 | 38.91% |
| Pre-Provision Profit ($M) | ▲ | $17 | +1.34 | $16 |
| Cost of Funds (%) | ▲ | 2.02% | -0.23 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,181 | +253.65 | $1,928 |
| Gross Loans ($M) | ▲ | $1,855 | +204.36 | $1,650 |
| Loan Growth YoY (%) | ▼ | 97.22% | -2.16 | 99.38% |
| Total Deposits ($M) | ▲ | $1,868 | +241.12 | $1,627 |
| Shareholders Equity ($M) | ▲ | $227 | +30.78 | $196 |
| Tang. Book Value ($M) | ▲ | $223 | +30.78 | $192 |
| TBV excl. AOCI ($M)** | ▲ | $226 | +31.11 | $194 |
| Loan / Deposit Ratio (%) | ▼ | 97.22% | -2.16 | 99.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.06 | 0.15% |
| Allowance / Loans (%) | — | 2.08% | 0.05% | 2.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.05 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.60% | +1.07 | 11.53% |
Noninterest income ($6.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇██▅▆ | Net Interest Margin (%) | 3.95% | 3.99% | 3.99% | 4.16% | 4.20% | 4.20% | 4.09% | 4.12% |
| ▁▁▁▆▇▃▇█ | Return on Assets (%) | 2.21% | 2.22% | 2.22% | 2.34% | 2.36% | 2.28% | 2.37% | 2.40% |
| █▇▄▂▂▂▁▁ | Efficiency Ratio (%) | 42.1% | 41.2% | 39.8% | 38.9% | 38.6% | 38.8% | 37.9% | 38.3% |
| █▇▄▃▄▂▂▁ | Cost of Funds (%) | 2.76% | 2.58% | 2.39% | 2.25% | 2.33% | 2.20% | 2.12% | 2.02% |
| ▃▁▁▄█▇█▇ | NPA / Assets (%) | 0.12% | 0.07% | 0.09% | 0.15% | 0.26% | 0.21% | 0.26% | 0.21% |
| ▃▁▁▄█▆█▆ | Net Charge-Off Ratio (%) | 0.14% | 0.08% | 0.11% | 0.17% | 0.30% | 0.23% | 0.30% | 0.22% |
| ▁▁▂▄▅▅▇█ | Tang. Book Value ($M) | $167 | $169 | $180 | $192 | $195 | $197 | $210 | $223 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $1,515 | $1,539 | $1,593 | $1,650 | $1,711 | $1,765 | $1,789 | $1,855 |
| ▁▃▂▂▃▇▆█ | Total Deposits ($M) | $1,573 | $1,648 | $1,643 | $1,627 | $1,674 | $1,797 | $1,791 | $1,868 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |