Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.28 | 0.69% |
| Return on Equity (%) | ▲ | 9.83% | +2.32 | 7.51% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.36 | 3.25% |
| Efficiency Ratio (%) | ▲ | 68.39% | -2.82 | 71.21% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.01 | $3 |
| Cost of Funds (%) | ▲ | 2.29% | -0.47 | 2.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,025 | +38.66 | $987 |
| Gross Loans ($M) | ▲ | $896 | +20.65 | $875 |
| Loan Growth YoY (%) | ▼ | 99.68% | -1.16 | 100.84% |
| Total Deposits ($M) | ▲ | $891 | +32.00 | $859 |
| Shareholders Equity ($M) | ▲ | $99 | +8.01 | $91 |
| Tang. Book Value ($M) | ▲ | $99 | +8.05 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +7.95 | $93 |
| Loan / Deposit Ratio (%) | ▼ | 99.68% | -1.16 | 100.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.61% | +0.72 | 0.89% |
| Allowance / Loans (%) | — | 0.88% | -0.17% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.19% | +0.18 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.32% | +0.46 | 13.86% |
Noninterest income ($1.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▅██ | Net Interest Margin (%) | 2.87% | 2.90% | 3.13% | 3.25% | 3.30% | 3.33% | 3.56% | 3.61% |
| ▁▂▄▄▆▇██ | Return on Assets (%) | 0.45% | 0.55% | 0.73% | 0.69% | 0.84% | 0.90% | 1.03% | 0.97% |
| ██▆▃▂▁▁▁ | Efficiency Ratio (%) | 78.7% | 77.5% | 74.9% | 71.2% | 68.9% | 67.0% | 67.9% | 68.4% |
| █▇▅▄▄▄▂▁ | Cost of Funds (%) | 3.32% | 3.18% | 2.83% | 2.76% | 2.78% | 2.69% | 2.46% | 2.29% |
| ▁▆█▃▃█▅█ | NPA / Assets (%) | 0.49% | 1.21% | 1.62% | 0.89% | 0.84% | 1.51% | 1.12% | 1.61% |
| ▁▆█▃▃█▅▅ | Net Charge-Off Ratio (%) | 0.55% | 1.37% | 1.80% | 1.00% | 0.96% | 1.73% | 1.25% | 1.19% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $88 | $87 | $90 | $91 | $95 | $95 | $97 | $99 |
| ▆▁▇▅▅▁▃█ | Gross Loans ($M) | $883 | $853 | $884 | $875 | $873 | $847 | $861 | $896 |
| ▄▁▄▄▅▂▁█ | Total Deposits ($M) | $858 | $834 | $857 | $859 | $861 | $837 | $827 | $891 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 19% |