Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.05% | -0.48 | 0.53% |
| Return on Equity (%) | ▼ | 0.35% | -3.69 | 4.04% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.20 | 3.21% |
| Efficiency Ratio (%) | ▼ | 99.72% | +4.96 | 94.76% |
| Pre-Provision Profit ($M) | ▼ | $1 | -4.96 | $6 |
| Cost of Funds (%) | ▲ | 2.98% | -0.06 | 3.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,081 | -144.56 | $1,225 |
| Gross Loans ($M) | ▼ | $968 | -120.70 | $1,089 |
| Loan Growth YoY (%) | ▼ | 129.86% | -7.59 | 137.44% |
| Total Deposits ($M) | ▼ | $741 | -45.44 | $787 |
| Shareholders Equity ($M) | ▲ | $165 | +4.86 | $160 |
| Tang. Book Value ($M) | ▲ | $161 | +34.28 | $127 |
| Loan / Deposit Ratio (%) | ▼ | 129.86% | -7.59 | 137.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.59% | +1.00 | 1.60% |
| Allowance / Loans (%) | — | 0.61% | -0.12% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 2.69% | +0.93 | 1.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.97% | +2.39 | 17.58% |
Noninterest income ($40.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆▇▆█ | Net Interest Margin (%) | 3.04% | 3.10% | 3.16% | 3.21% | 3.31% | 3.37% | 3.31% | 3.42% |
| ▃▆▁▇██▂▃ | Return on Assets (%) | -0.05% | 0.39% | -0.33% | 0.53% | 0.72% | 0.69% | -0.17% | 0.05% |
| ▅▂█▁▁▁█▆ | Efficiency Ratio (%) | 98.8% | 95.6% | 101.8% | 94.8% | 94.3% | 94.2% | 102.1% | 99.7% |
| ██▇▂▅▇▅▁ | Cost of Funds (%) | 3.31% | 3.35% | 3.26% | 3.04% | 3.19% | 3.29% | 3.19% | 2.98% |
| ▁▁▁▁▃▇█▆ | NPA / Assets (%) | 1.48% | 1.52% | 1.64% | 1.60% | 2.05% | 2.99% | 3.23% | 2.59% |
| ▁▁▁▁▃██▅ | Net Charge-Off Ratio (%) | 1.67% | 1.80% | 1.85% | 1.76% | 2.24% | 3.35% | 3.47% | 2.69% |
| ▁▁▁▄▄▇▇█ | Tang. Book Value ($M) | $102 | $104 | $106 | $127 | $129 | $151 | $150 | $161 |
| ▆▂▅█▇▄▁▁ | Gross Loans ($M) | $1,057 | $988 | $1,032 | $1,089 | $1,059 | $1,011 | $961 | $968 |
| ▅▄▅▅▄█▂▁ | Total Deposits ($M) | $791 | $775 | $785 | $787 | $777 | $828 | $760 | $741 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 45% |