Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.13% | +1.02 | 1.11% |
| Return on Equity (%) | ▲ | 32.00% | +11.52 | 20.48% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.94 | 2.14% |
| Efficiency Ratio (%) | ▲ | 49.73% | -11.90 | 61.63% |
| Pre-Provision Profit ($M) | ▲ | $9 | +4.26 | $5 |
| Cost of Funds (%) | ▲ | 1.65% | -0.55 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,474 | +77.60 | $1,396 |
| Gross Loans ($M) | ▲ | $783 | +22.83 | $760 |
| Loan Growth YoY (%) | ▲ | 71.26% | +4.77 | 66.49% |
| Total Deposits ($M) | ▼ | $1,086 | -43.50 | $1,129 |
| Shareholders Equity ($M) | ▲ | $100 | +16.29 | $84 |
| Tang. Book Value ($M) | ▲ | $100 | +16.29 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +17.41 | $106 |
| Loan / Deposit Ratio (%) | ▲ | 71.26% | +4.77 | 66.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.07 | 0.38% |
| Allowance / Loans (%) | — | 1.20% | -0.04% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.05 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.63% | +0.89 | 13.73% |
Noninterest income ($6.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▅██ | Net Interest Margin (%) | 1.45% | 1.67% | 2.06% | 2.14% | 2.28% | 2.43% | 2.95% | 3.08% |
| ▁▂▂▃▄▅▇█ | Return on Assets (%) | 0.58% | 0.79% | 0.96% | 1.11% | 1.34% | 1.52% | 1.90% | 2.13% |
| █▇▅▄▃▃▁▁ | Efficiency Ratio (%) | 75.7% | 70.9% | 63.4% | 61.6% | 58.1% | 56.6% | 51.4% | 49.7% |
| █▆▅▅▄▂▁▁ | Cost of Funds (%) | 2.75% | 2.39% | 2.26% | 2.20% | 2.11% | 1.86% | 1.70% | 1.65% |
| █▁▅▅▄▂▃▃ | NPA / Assets (%) | 0.59% | 0.18% | 0.40% | 0.38% | 0.38% | 0.26% | 0.31% | 0.31% |
| █▁▄▄▄▄▅▄ | Net Charge-Off Ratio (%) | 0.98% | 0.07% | 0.49% | 0.46% | 0.46% | 0.44% | 0.53% | 0.51% |
| ▂▁▃▅▇█▇█ | Tang. Book Value ($M) | $71 | $64 | $75 | $84 | $93 | $98 | $95 | $100 |
| ▁▃▃▆▆▆▇█ | Gross Loans ($M) | $710 | $736 | $735 | $760 | $762 | $763 | $768 | $783 |
| ▂██▄▄▃▄▁ | Total Deposits ($M) | $1,112 | $1,191 | $1,190 | $1,129 | $1,131 | $1,113 | $1,138 | $1,086 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 18% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 12% |