Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.42% | -0.60 | 2.02% |
| Return on Equity (%) | ▼ | 8.14% | -2.90 | 11.04% |
| Net Interest Margin (%) | ▲ | 13.58% | +5.68 | 7.90% |
| Efficiency Ratio (%) | ▲ | 56.77% | -1.83 | 58.61% |
| Pre-Provision Profit ($M) | ▲ | $27 | +15.93 | $11 |
| Cost of Funds (%) | ▲ | 2.29% | -0.12 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $915 | +82.33 | $833 |
| Gross Loans ($M) | ▲ | $737 | +67.12 | $670 |
| Loan Growth YoY (%) | ▼ | 95.40% | -3.13 | 98.53% |
| Total Deposits ($M) | ▲ | $723 | +59.45 | $664 |
| Shareholders Equity ($M) | ▲ | $164 | +16.13 | $148 |
| Tang. Book Value ($M) | ▲ | $160 | +16.12 | $144 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +15.87 | $146 |
| Loan / Deposit Ratio (%) | ▼ | 95.40% | -3.13 | 98.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.12% | -0.59 | 4.71% |
| Allowance / Loans (%) | — | 6.43% | 4.01% | 2.42% |
| Net Charge-Off Ratio (%) | ▲ | 5.11% | -0.75 | 5.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($26.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▁▁▁▂██ | Net Interest Margin (%) | 10.13% | 9.93% | 8.01% | 7.90% | 8.39% | 9.21% | 13.26% | 13.58% |
| █▇▃▃▄▄▁▁ | Return on Assets (%) | 3.03% | 2.81% | 1.82% | 2.02% | 2.16% | 2.07% | 1.54% | 1.42% |
| ▅▅▇▆▂▁█▅ | Efficiency Ratio (%) | 55.9% | 56.4% | 61.4% | 58.6% | 51.7% | 47.8% | 63.7% | 56.8% |
| █▁▁▇▇▆█▄ | Cost of Funds (%) | 2.48% | 2.09% | 2.14% | 2.41% | 2.39% | 2.34% | 2.45% | 2.29% |
| ▄▆▁▅▅▄█▂ | NPA / Assets (%) | 4.46% | 4.89% | 3.71% | 4.71% | 4.72% | 4.46% | 5.59% | 4.12% |
| ▄▇▁▄▄▄█▁ | Net Charge-Off Ratio (%) | 5.82% | 6.49% | 4.88% | 5.86% | 5.92% | 5.87% | 7.00% | 5.11% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $132 | $136 | $139 | $144 | $149 | $153 | $157 | $160 |
| ▁▂▄▆████ | Gross Loans ($M) | $515 | $553 | $605 | $670 | $716 | $735 | $711 | $737 |
| ▁▂▄▅▇█▆▇ | Total Deposits ($M) | $519 | $571 | $632 | $664 | $719 | $780 | $708 | $723 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 41% |
| C&I / Commercial | 8% |
| Consumer | 41% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 18% |
| Brokered / Other | 63% |