Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.17 | 1.09% |
| Return on Equity (%) | ▲ | 11.56% | +1.37 | 10.19% |
| Net Interest Margin (%) | ▲ | 4.62% | +0.19 | 4.42% |
| Efficiency Ratio (%) | ▲ | 60.73% | -4.03 | 64.75% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.34 | $8 |
| Cost of Funds (%) | ▲ | 2.34% | -0.13 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,854 | +58.83 | $1,795 |
| Gross Loans ($M) | ▲ | $1,333 | +46.44 | $1,286 |
| Loan Growth YoY (%) | ▼ | 81.45% | -0.76 | 82.21% |
| Total Deposits ($M) | ▲ | $1,618 | +71.13 | $1,547 |
| Shareholders Equity ($M) | ▲ | $195 | +8.52 | $187 |
| Tang. Book Value ($M) | ▲ | $180 | +8.49 | $172 |
| Loan / Deposit Ratio (%) | ▼ | 81.45% | -0.76 | 82.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.15% | +0.41 | 0.74% |
| Allowance / Loans (%) | — | 1.10% | -0.02% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.49 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.22% | +0.40 | 9.82% |
Noninterest income ($6.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▁▄▅▆██ | Net Interest Margin (%) | 4.54% | 4.49% | 4.27% | 4.42% | 4.48% | 4.52% | 4.63% | 4.62% |
| █▇▁▄▇███ | Return on Assets (%) | 1.25% | 1.22% | 0.94% | 1.09% | 1.22% | 1.23% | 1.26% | 1.26% |
| ▆▅█▅▁▁▂▁ | Efficiency Ratio (%) | 65.2% | 64.7% | 67.5% | 64.8% | 60.8% | 60.9% | 61.7% | 60.7% |
| █▅▄▂▆▄▃▁ | Cost of Funds (%) | 2.96% | 2.71% | 2.57% | 2.47% | 2.76% | 2.58% | 2.50% | 2.34% |
| ▂▁▂▃▂▃▄█ | NPA / Assets (%) | 0.65% | 0.52% | 0.67% | 0.74% | 0.65% | 0.71% | 0.81% | 1.15% |
| ▁▁▂▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.28% | 0.20% | 0.31% | 0.36% | 0.27% | 0.25% | 0.28% | 0.85% |
| ▁▁▂▆▆█▆█ | Tang. Book Value ($M) | $157 | $158 | $160 | $172 | $172 | $178 | $174 | $180 |
| ▁▁▁▅▆▇▇█ | Gross Loans ($M) | $1,235 | $1,236 | $1,235 | $1,286 | $1,304 | $1,310 | $1,315 | $1,333 |
| ▁▁▁▇▄▅▄█ | Total Deposits ($M) | $1,308 | $1,326 | $1,322 | $1,547 | $1,449 | $1,473 | $1,426 | $1,618 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 30% |
| C&I / Commercial | 11% |
| Consumer | 44% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 38% |