Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.65 | 1.22% |
| Return on Equity (%) | ▲ | 16.19% | +4.37 | 11.82% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.18 | 3.35% |
| Efficiency Ratio (%) | ▲ | 43.23% | -11.97 | 55.20% |
| Pre-Provision Profit ($M) | ▲ | $12 | +5.98 | $6 |
| Cost of Funds (%) | ▲ | 1.39% | -0.15 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,636 | +2.71 | $1,633 |
| Gross Loans ($M) | ▼ | $1,234 | -7.73 | $1,242 |
| Loan Growth YoY (%) | ▼ | 86.93% | -1.80 | 88.74% |
| Total Deposits ($M) | ▲ | $1,410 | +20.19 | $1,390 |
| Shareholders Equity ($M) | ▲ | $195 | +23.30 | $172 |
| Tang. Book Value ($M) | ▲ | $185 | +24.31 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $197 | +23.30 | $174 |
| Loan / Deposit Ratio (%) | ▼ | 86.93% | -1.80 | 88.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.12 | 0.48% |
| Allowance / Loans (%) | — | 0.66% | -0.01% | 0.67% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.16 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.52% | +2.09 | 18.43% |
Noninterest income ($6.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇▆█ | Net Interest Margin (%) | 3.08% | 3.14% | 3.29% | 3.35% | 3.40% | 3.43% | 3.38% | 3.52% |
| ▁▁▂▁▂▂▄█ | Return on Assets (%) | 1.13% | 1.16% | 1.25% | 1.22% | 1.22% | 1.29% | 1.40% | 1.86% |
| ████▇▆▅▁ | Efficiency Ratio (%) | 56.7% | 56.2% | 55.9% | 55.2% | 54.5% | 52.1% | 50.9% | 43.2% |
| █▇▅▃▄▃▁▁ | Cost of Funds (%) | 1.81% | 1.73% | 1.63% | 1.53% | 1.58% | 1.51% | 1.43% | 1.39% |
| ▄▁▃▇▆█▄▄ | NPA / Assets (%) | 0.33% | 0.19% | 0.31% | 0.48% | 0.42% | 0.56% | 0.36% | 0.35% |
| ▄▁▃▇▅█▄▄ | Net Charge-Off Ratio (%) | 0.44% | 0.24% | 0.41% | 0.63% | 0.55% | 0.75% | 0.48% | 0.47% |
| ▂▁▂▃▄▆▇█ | Tang. Book Value ($M) | $155 | $150 | $157 | $161 | $167 | $174 | $177 | $185 |
| ▁▇██▆▇▇▆ | Gross Loans ($M) | $1,216 | $1,236 | $1,242 | $1,242 | $1,235 | $1,238 | $1,238 | $1,234 |
| ▁▇█▂▁█▇▅ | Total Deposits ($M) | $1,381 | $1,425 | $1,435 | $1,390 | $1,386 | $1,433 | $1,428 | $1,410 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |