Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.20 | 1.26% |
| Return on Equity (%) | ▲ | 12.42% | +1.09 | 11.33% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.29 | 3.66% |
| Efficiency Ratio (%) | ▲ | 54.08% | -5.34 | 59.42% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.14 | $5 |
| Cost of Funds (%) | ▲ | 2.60% | -0.38 | 2.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,392 | +91.43 | $1,300 |
| Gross Loans ($M) | ▲ | $1,184 | +81.74 | $1,102 |
| Loan Growth YoY (%) | ▲ | 96.44% | +0.57 | 95.87% |
| Total Deposits ($M) | ▲ | $1,213 | +76.84 | $1,136 |
| Shareholders Equity ($M) | ▲ | $170 | +26.80 | $143 |
| Tang. Book Value ($M) | ▲ | $170 | +26.80 | $143 |
| TBV excl. AOCI ($M)** | ▲ | $172 | +26.90 | $145 |
| Loan / Deposit Ratio (%) | ▲ | 96.44% | +0.57 | 95.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.22 | 0.14% |
| Allowance / Loans (%) | — | 1.19% | 0.01% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.26 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.54% | +1.22 | 13.31% |
Noninterest income ($2.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇██ | Net Interest Margin (%) | 3.08% | 3.20% | 3.55% | 3.66% | 3.74% | 3.76% | 3.85% | 3.96% |
| ▁▁▃▅▅▆▆█ | Return on Assets (%) | 1.04% | 1.08% | 1.17% | 1.26% | 1.29% | 1.33% | 1.30% | 1.46% |
| ██▆▆▆▅▁▁ | Efficiency Ratio (%) | 62.3% | 62.4% | 60.1% | 59.4% | 60.2% | 59.1% | 55.1% | 54.1% |
| █▆▃▄▅▂▁▁ | Cost of Funds (%) | 3.38% | 3.15% | 2.88% | 2.98% | 3.01% | 2.79% | 2.67% | 2.60% |
| ▃▁▁▃▄███ | NPA / Assets (%) | 0.11% | 0.04% | 0.02% | 0.14% | 0.17% | 0.32% | 0.35% | 0.35% |
| ▃▁▁▃▄███ | Net Charge-Off Ratio (%) | 0.14% | 0.04% | 0.02% | 0.16% | 0.20% | 0.40% | 0.43% | 0.42% |
| ▁▁▁▂▃▅▇█ | Tang. Book Value ($M) | $135 | $137 | $139 | $143 | $148 | $153 | $165 | $170 |
| ▁▂▄▅▆▆▆█ | Gross Loans ($M) | $984 | $1,027 | $1,062 | $1,102 | $1,116 | $1,129 | $1,126 | $1,184 |
| ▂▁▃▅▄███ | Total Deposits ($M) | $1,078 | $1,047 | $1,100 | $1,136 | $1,128 | $1,215 | $1,213 | $1,213 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 26% |