Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.22% | +0.59 | 1.63% |
| Return on Equity (%) | ▲ | 23.54% | +4.90 | 18.64% |
| Net Interest Margin (%) | ▲ | 4.77% | +0.38 | 4.39% |
| Efficiency Ratio (%) | ▲ | 45.44% | -7.54 | 52.98% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.74 | $14 |
| Cost of Funds (%) | ▲ | 1.95% | -0.27 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,454 | +196.13 | $2,258 |
| Gross Loans ($M) | ▲ | $1,826 | +76.78 | $1,750 |
| Loan Growth YoY (%) | ▼ | 82.52% | -2.02 | 84.54% |
| Total Deposits ($M) | ▲ | $2,189 | +140.57 | $2,048 |
| Shareholders Equity ($M) | ▲ | $243 | +47.74 | $196 |
| Tang. Book Value ($M) | ▲ | $239 | +46.77 | $193 |
| TBV excl. AOCI ($M)** | ▲ | $262 | +48.91 | $213 |
| Loan / Deposit Ratio (%) | ▼ | 82.52% | -2.02 | 84.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.15 | 0.14% |
| Allowance / Loans (%) | — | 1.12% | 0.08% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.21 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.95% | +1.35 | 10.60% |
Noninterest income ($5.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▄▅▆▇█ | Net Interest Margin (%) | 4.02% | 4.17% | 4.44% | 4.39% | 4.41% | 4.53% | 4.63% | 4.77% |
| ▁▁▂▃▂▄██ | Return on Assets (%) | 1.38% | 1.36% | 1.54% | 1.63% | 1.56% | 1.70% | 2.11% | 2.22% |
| ██▇▅▄▃▂▁ | Efficiency Ratio (%) | 57.9% | 58.2% | 56.5% | 53.0% | 51.2% | 49.9% | 47.2% | 45.4% |
| █▅▂▃▃▂▁▁ | Cost of Funds (%) | 2.85% | 2.50% | 2.15% | 2.22% | 2.21% | 2.10% | 2.00% | 1.95% |
| █▁▁▁▄▁▂▅ | NPA / Assets (%) | 0.39% | 0.13% | 0.12% | 0.14% | 0.25% | 0.15% | 0.19% | 0.29% |
| █▁▁▁▄▁▃▆ | Net Charge-Off Ratio (%) | 0.49% | 0.17% | 0.16% | 0.18% | 0.32% | 0.19% | 0.24% | 0.39% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $168 | $173 | $183 | $193 | $202 | $214 | $226 | $239 |
| ▁▁▃▅███▇ | Gross Loans ($M) | $1,532 | $1,553 | $1,636 | $1,750 | $1,885 | $1,907 | $1,899 | $1,826 |
| ▁▁▄▆▇███ | Total Deposits ($M) | $1,745 | $1,785 | $1,930 | $2,048 | $2,118 | $2,176 | $2,150 | $2,189 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 40% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |