Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.25 | 0.12% |
| Return on Equity (%) | ▲ | 4.49% | +2.93 | 1.56% |
| Net Interest Margin (%) | ▲ | 2.67% | +0.58 | 2.08% |
| Efficiency Ratio (%) | ▲ | 85.16% | -9.36 | 94.53% |
| Pre-Provision Profit ($M) | ▲ | $5 | +3.69 | $1 |
| Cost of Funds (%) | ▲ | 2.31% | -0.84 | 3.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,703 | +120.90 | $3,582 |
| Gross Loans ($M) | ▼ | $2,720 | -200.76 | $2,920 |
| Loan Growth YoY (%) | ▼ | 80.12% | -12.79 | 92.91% |
| Total Deposits ($M) | ▲ | $3,350 | +248.68 | $3,101 |
| Shareholders Equity ($M) | ▲ | $310 | +32.17 | $277 |
| Tang. Book Value ($M) | ▲ | $310 | +32.17 | $277 |
| TBV excl. AOCI ($M)** | ▲ | $332 | +33.74 | $299 |
| Loan / Deposit Ratio (%) | ▼ | 80.12% | -12.79 | 92.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.01 | 0.13% |
| Allowance / Loans (%) | — | 1.30% | -0.03% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.02 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.83% | +0.94 | 10.90% |
Noninterest income ($3.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 1.70% | 1.78% | 2.00% | 2.08% | 2.14% | 2.25% | 2.55% | 2.67% |
| ▁▁▂▂▂▄▇█ | Return on Assets (%) | 0.07% | 0.11% | 0.13% | 0.12% | 0.15% | 0.19% | 0.31% | 0.37% |
| █▇▆▇▅▃▂▁ | Efficiency Ratio (%) | 97.4% | 95.0% | 94.4% | 94.5% | 92.4% | 89.2% | 88.0% | 85.2% |
| █▇▅▅▄▂▁▁ | Cost of Funds (%) | 3.91% | 3.54% | 3.23% | 3.15% | 2.96% | 2.61% | 2.39% | 2.31% |
| █▅▁▁█▅▄▂ | NPA / Assets (%) | 0.25% | 0.19% | 0.11% | 0.13% | 0.26% | 0.20% | 0.18% | 0.14% |
| █▅▁▁▇▅▅▃ | Net Charge-Off Ratio (%) | 0.30% | 0.23% | 0.13% | 0.15% | 0.28% | 0.22% | 0.23% | 0.17% |
| ▃▁▁▁▄▆▆█ | Tang. Book Value ($M) | $286 | $280 | $281 | $277 | $291 | $300 | $298 | $310 |
| █▇▆▄▂▁▁▁ | Gross Loans ($M) | $3,147 | $3,070 | $2,996 | $2,920 | $2,797 | $2,732 | $2,745 | $2,720 |
| ▃▁▁▄▆▇▆█ | Total Deposits ($M) | $3,062 | $2,949 | $2,932 | $3,101 | $3,234 | $3,268 | $3,238 | $3,350 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 3% |