Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.31% | +0.23 | 2.07% |
| Return on Equity (%) | ▲ | 25.13% | +2.29 | 22.84% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.03 | 3.57% |
| Efficiency Ratio (%) | ▼ | 68.82% | +3.39 | 65.43% |
| Pre-Provision Profit ($M) | ▼ | $5 | -1.74 | $7 |
| Cost of Funds (%) | ▼ | 0.27% | +0.03 | 0.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,082 | +28.57 | $1,053 |
| Gross Loans ($M) | ▲ | $494 | +2.53 | $492 |
| Loan Growth YoY (%) | ▼ | 50.55% | -1.18 | 51.73% |
| Total Deposits ($M) | ▲ | $966 | +25.60 | $941 |
| Shareholders Equity ($M) | ▲ | $105 | +3.13 | $102 |
| Tang. Book Value ($M) | ▲ | $105 | +3.13 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +2.25 | $123 |
| Loan / Deposit Ratio (%) | ▼ | 50.55% | -1.18 | 51.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.15 | 0.04% |
| Allowance / Loans (%) | — | 1.18% | 0.13% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.34 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.08% | +0.58 | 17.50% |
Noninterest income ($6.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▇█ | Net Interest Margin (%) | 3.24% | 3.30% | 3.50% | 3.57% | 3.59% | 3.60% | 3.53% | 3.59% |
| ▁▅▂▁▄▁▁█ | Return on Assets (%) | 2.07% | 2.19% | 2.13% | 2.07% | 2.18% | 2.08% | 2.07% | 2.31% |
| ▁▁▇▄▄▄▇█ | Efficiency Ratio (%) | 63.0% | 62.4% | 67.5% | 65.4% | 64.8% | 65.3% | 67.6% | 68.8% |
| ▃█▁▁▃▄▇█ | Cost of Funds (%) | 0.24% | 0.27% | 0.24% | 0.24% | 0.25% | 0.25% | 0.26% | 0.27% |
| ▁▁▁▁▂█▇█ | NPA / Assets (%) | 0.02% | 0.02% | 0.03% | 0.04% | 0.05% | 0.18% | 0.16% | 0.19% |
| ▁▁▁▁▂█▇█ | Net Charge-Off Ratio (%) | 0.06% | 0.04% | 0.07% | 0.08% | 0.11% | 0.40% | 0.36% | 0.42% |
| ▆▁▃▆█▂▄▇ | Tang. Book Value ($M) | $104 | $91 | $97 | $102 | $109 | $94 | $99 | $105 |
| ▁▂▅▆▇██▇ | Gross Loans ($M) | $466 | $470 | $487 | $492 | $496 | $500 | $497 | $494 |
| ▁▇█▃▂██▇ | Total Deposits ($M) | $923 | $964 | $971 | $941 | $936 | $971 | $977 | $966 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 19% |
| C&I / Commercial | 23% |
| Consumer | 58% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 98% |