Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.23% | -0.76 | 2.99% |
| Return on Equity (%) | ▼ | 13.46% | -4.95 | 18.41% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.01 | 3.78% |
| Efficiency Ratio (%) | ▼ | 77.21% | +5.24 | 71.97% |
| Pre-Provision Profit ($M) | ▼ | $9 | -2.97 | $12 |
| Cost of Funds (%) | ▲ | 1.67% | -0.17 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,241 | +94.31 | $1,147 |
| Gross Loans ($M) | ▲ | $916 | +83.95 | $832 |
| Loan Growth YoY (%) | ▲ | 89.82% | +1.00 | 88.82% |
| Total Deposits ($M) | ▲ | $1,006 | +82.74 | $923 |
| Shareholders Equity ($M) | ▲ | $209 | +14.65 | $194 |
| Tang. Book Value ($M) | ▲ | $163 | +3.67 | $160 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +5.06 | $165 |
| Loan / Deposit Ratio (%) | ▲ | 89.82% | +1.00 | 88.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.41 | 0.65% |
| Allowance / Loans (%) | — | 1.29% | -0.08% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.59 | 0.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.05% | -1.35 | 23.39% |
Noninterest income ($22.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▄▇█▂▄ | Net Interest Margin (%) | 3.93% | 3.87% | 3.65% | 3.78% | 3.89% | 3.90% | 3.72% | 3.79% |
| ▅█▂█▇▇▁▄ | Return on Assets (%) | 2.37% | 3.07% | 1.85% | 2.99% | 2.77% | 2.74% | 1.66% | 2.23% |
| ▄▁█▁▂▃█▅ | Efficiency Ratio (%) | 76.1% | 70.7% | 80.8% | 72.0% | 73.2% | 73.7% | 82.0% | 77.2% |
| ▆█▇█▁▅▂▁ | Cost of Funds (%) | 1.80% | 1.85% | 1.82% | 1.84% | 1.69% | 1.76% | 1.70% | 1.67% |
| ▁▂▃▄▇▅▇█ | NPA / Assets (%) | 0.32% | 0.47% | 0.58% | 0.65% | 0.90% | 0.79% | 0.93% | 1.07% |
| ▁▂▃▄▆▆▇█ | Net Charge-Off Ratio (%) | 0.45% | 0.62% | 0.75% | 0.86% | 1.19% | 1.11% | 1.28% | 1.45% |
| ▃▁▃▆▇▆▇█ | Tang. Book Value ($M) | $153 | $149 | $153 | $160 | $161 | $159 | $160 | $163 |
| ▁▁▂▂▄▇▇█ | Gross Loans ($M) | $809 | $807 | $826 | $832 | $857 | $892 | $897 | $916 |
| ▁▂▂▂▃█▇▇ | Total Deposits ($M) | $898 | $927 | $917 | $923 | $940 | $1,026 | $997 | $1,006 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 15% |