Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.23 | 0.82% |
| Return on Equity (%) | ▲ | 9.46% | +1.13 | 8.33% |
| Net Interest Margin (%) | ▼ | 6.60% | -0.39 | 6.98% |
| Efficiency Ratio (%) | ▼ | 61.08% | +4.12 | 56.96% |
| Pre-Provision Profit ($M) | ▼ | $12 | -0.42 | $12 |
| Cost of Funds (%) | ▲ | 2.93% | -0.55 | 3.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,592 | -53.01 | $1,645 |
| Gross Loans ($M) | ▼ | $1,251 | -58.15 | $1,309 |
| Loan Growth YoY (%) | ▼ | 89.54% | -4.06 | 93.59% |
| Total Deposits ($M) | ▲ | $1,377 | +5.15 | $1,371 |
| Shareholders Equity ($M) | ▲ | $180 | +16.66 | $163 |
| Tang. Book Value ($M) | ▲ | $180 | +16.66 | $163 |
| TBV excl. AOCI ($M)** | ▲ | $188 | +17.43 | $170 |
| Loan / Deposit Ratio (%) | ▼ | 89.54% | -4.06 | 93.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.41% | -0.95 | 2.36% |
| Allowance / Loans (%) | — | 1.49% | -0.48% | 1.97% |
| Net Charge-Off Ratio (%) | ▲ | 1.79% | -0.94 | 2.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▅▅▄▁▁ | Net Interest Margin (%) | 7.41% | 7.40% | 7.09% | 6.98% | 6.99% | 6.94% | 6.51% | 6.60% |
| ▁▁█▅▆▆▂▇ | Return on Assets (%) | 0.44% | 0.44% | 1.14% | 0.82% | 0.88% | 0.94% | 0.59% | 1.05% |
| ▇▇▁▄▄▄█▇ | Efficiency Ratio (%) | 61.5% | 60.7% | 52.6% | 57.0% | 56.6% | 57.0% | 62.8% | 61.1% |
| ██▆▆▆▅▁▁ | Cost of Funds (%) | 3.70% | 3.71% | 3.46% | 3.48% | 3.50% | 3.34% | 3.02% | 2.93% |
| ▄▅█▅▇▃▁▁ | NPA / Assets (%) | 2.08% | 2.23% | 3.03% | 2.36% | 2.63% | 1.94% | 1.56% | 1.41% |
| ▂▄█▅▇▄▂▁ | Net Charge-Off Ratio (%) | 2.13% | 2.44% | 3.39% | 2.73% | 3.10% | 2.52% | 2.03% | 1.79% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $156 | $155 | $161 | $163 | $169 | $174 | $175 | $180 |
| ▄▃██▆▁▁▃ | Gross Loans ($M) | $1,270 | $1,248 | $1,317 | $1,309 | $1,292 | $1,228 | $1,225 | $1,251 |
| ▁▂▂▂█▅▄▃ | Total Deposits ($M) | $1,359 | $1,368 | $1,374 | $1,371 | $1,426 | $1,394 | $1,385 | $1,377 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 25% |
| C&I / Commercial | 59% |
| Consumer | 7% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 65% |
| Brokered / Other | 34% |