Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.14 | 1.07% |
| Return on Equity (%) | ▲ | 12.09% | +0.36 | 11.73% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.18 | 3.68% |
| Efficiency Ratio (%) | ▲ | 66.43% | -0.78 | 67.21% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.31 | $5 |
| Cost of Funds (%) | ▲ | 1.68% | -0.10 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,125 | +25.48 | $1,100 |
| Gross Loans ($M) | ▲ | $839 | +39.20 | $800 |
| Loan Growth YoY (%) | ▲ | 89.96% | +6.80 | 83.16% |
| Total Deposits ($M) | ▼ | $922 | -29.22 | $951 |
| Shareholders Equity ($M) | ▲ | $114 | +11.91 | $102 |
| Tang. Book Value ($M) | ▲ | $104 | +16.53 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +16.26 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 89.96% | +6.80 | 83.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.04 | 0.02% |
| Allowance / Loans (%) | — | 1.11% | 0.05% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.05 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.16% | +1.31 | 11.84% |
Noninterest income ($3.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 3.38% | 3.43% | 3.64% | 3.68% | 3.74% | 3.78% | 3.83% | 3.87% |
| ▂▁▁▅▅▆█▇ | Return on Assets (%) | 0.78% | 0.71% | 0.68% | 1.07% | 1.08% | 1.10% | 1.34% | 1.21% |
| ▇█▆▃▃▃▁▃ | Efficiency Ratio (%) | 74.1% | 75.7% | 72.5% | 67.2% | 67.5% | 67.6% | 63.2% | 66.4% |
| █▆▄▆▅▁▁▃ | Cost of Funds (%) | 1.89% | 1.80% | 1.71% | 1.78% | 1.73% | 1.60% | 1.56% | 1.68% |
| ▃▄▃▁▁█▇▂ | NPA / Assets (%) | 0.08% | 0.11% | 0.09% | 0.02% | 0.03% | 0.22% | 0.19% | 0.06% |
| ▃▄▃▁▁█▇▂ | Net Charge-Off Ratio (%) | 0.12% | 0.15% | 0.12% | 0.03% | 0.05% | 0.31% | 0.25% | 0.07% |
| ▂▁▁▂▃▄██ | Tang. Book Value ($M) | $85 | $83 | $85 | $87 | $90 | $93 | $102 | $104 |
| ▁▂▅▅▄▄▆█ | Gross Loans ($M) | $759 | $775 | $807 | $800 | $793 | $792 | $817 | $839 |
| ▅▅█▄▆▄▂▁ | Total Deposits ($M) | $957 | $956 | $984 | $951 | $961 | $950 | $931 | $922 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |