Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.30 | 0.42% |
| Return on Equity (%) | ▲ | 7.82% | +2.79 | 5.03% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.47 | 2.68% |
| Efficiency Ratio (%) | ▲ | 77.55% | -10.01 | 87.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.16 | $1 |
| Cost of Funds (%) | ▲ | 2.28% | -0.44 | 2.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,066 | -7.09 | $1,073 |
| Gross Loans ($M) | ▼ | $879 | -54.39 | $933 |
| Loan Growth YoY (%) | ▼ | 103.93% | -1.05 | 104.97% |
| Total Deposits ($M) | ▼ | $834 | -42.78 | $877 |
| Shareholders Equity ($M) | ▲ | $102 | +7.91 | $94 |
| Tang. Book Value ($M) | ▲ | $102 | +7.92 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +10.20 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 103.93% | -1.05 | 104.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.10 | 0.19% |
| Allowance / Loans (%) | — | 1.39% | -0.00% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.10 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.17% | +1.26 | 10.91% |
Noninterest income ($2.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅▇█ | Net Interest Margin (%) | 2.25% | 2.31% | 2.63% | 2.68% | 2.71% | 2.78% | 3.02% | 3.15% |
| ▁▁▃▅▅▆██ | Return on Assets (%) | 0.12% | 0.18% | 0.32% | 0.42% | 0.44% | 0.57% | 0.70% | 0.72% |
| █▇▅▅▄▃▁▁ | Efficiency Ratio (%) | 95.5% | 92.5% | 88.8% | 87.6% | 86.3% | 83.3% | 77.9% | 77.6% |
| █▇▅▅▄▃▁▁ | Cost of Funds (%) | 3.07% | 2.89% | 2.72% | 2.72% | 2.59% | 2.55% | 2.37% | 2.28% |
| ███▅▄▅▃▁ | NPA / Assets (%) | 0.23% | 0.24% | 0.25% | 0.19% | 0.16% | 0.17% | 0.14% | 0.09% |
| ██▅▆▄▅▃▁ | Net Charge-Off Ratio (%) | 0.26% | 0.28% | 0.20% | 0.22% | 0.19% | 0.21% | 0.17% | 0.11% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $91 | $90 | $92 | $94 | $96 | $99 | $99 | $102 |
| ███▅▄▂▂▁ | Gross Loans ($M) | $969 | $959 | $960 | $933 | $915 | $897 | $899 | $879 |
| █▆▇▄▅▆▄▁ | Total Deposits ($M) | $927 | $903 | $908 | $877 | $882 | $903 | $878 | $834 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 13% |