Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.52 | 0.91% |
| Return on Equity (%) | ▲ | 14.24% | +5.61 | 8.63% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.26 | 3.86% |
| Efficiency Ratio (%) | ▲ | 64.29% | -7.19 | 71.48% |
| Pre-Provision Profit ($M) | ▲ | $15 | +6.27 | $9 |
| Cost of Funds (%) | ▲ | 1.79% | -0.20 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,497 | +316.50 | $3,181 |
| Gross Loans ($M) | ▲ | $2,476 | +323.08 | $2,153 |
| Loan Growth YoY (%) | ▲ | 78.55% | +2.65 | 75.89% |
| Total Deposits ($M) | ▲ | $3,117 | +306.96 | $2,810 |
| Shareholders Equity ($M) | ▲ | $332 | +10.70 | $322 |
| Tang. Book Value ($M) | ▲ | $330 | +11.00 | $319 |
| TBV excl. AOCI ($M)** | ▲ | $352 | +12.80 | $339 |
| Loan / Deposit Ratio (%) | ▲ | 78.55% | +2.65 | 75.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.86% | -0.42 | 1.28% |
| Allowance / Loans (%) | — | 1.14% | 0.17% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 1.18% | -0.63 | 1.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▃▃▄▆█ | Net Interest Margin (%) | 3.76% | 3.72% | 4.00% | 3.86% | 3.86% | 3.89% | 3.98% | 4.11% |
| ▁▃▅▁█▇▂▇ | Return on Assets (%) | 0.90% | 1.09% | 1.24% | 0.91% | 1.55% | 1.46% | 1.00% | 1.43% |
| █▇██▁▂▆▅ | Efficiency Ratio (%) | 70.8% | 68.5% | 69.5% | 71.5% | 55.9% | 59.3% | 66.1% | 64.3% |
| ██▆▄▆▄▂▁ | Cost of Funds (%) | 2.28% | 2.25% | 2.12% | 1.99% | 2.12% | 1.98% | 1.87% | 1.79% |
| ▁▁█▇▁▂▄▁ | NPA / Assets (%) | 0.87% | 0.89% | 1.38% | 1.28% | 0.84% | 0.96% | 1.08% | 0.86% |
| ▂▁██▁▂▄▁ | Net Charge-Off Ratio (%) | 1.32% | 1.17% | 1.85% | 1.81% | 1.16% | 1.31% | 1.45% | 1.18% |
| ▂▁▃▁▇█▂▄ | Tang. Book Value ($M) | $321 | $316 | $327 | $319 | $341 | $349 | $324 | $330 |
| ▃▁▁▂▄▆▇█ | Gross Loans ($M) | $2,171 | $2,100 | $2,063 | $2,153 | $2,259 | $2,343 | $2,404 | $2,476 |
| ▇▂▁▄▃▄▅█ | Total Deposits ($M) | $3,009 | $2,706 | $2,589 | $2,810 | $2,781 | $2,849 | $2,902 | $3,117 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 19% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 10% |