Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.04 | 0.75% |
| Return on Equity (%) | ▲ | 9.28% | +0.24 | 9.04% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.11 | 3.88% |
| Efficiency Ratio (%) | ▼ | 82.03% | +1.72 | 80.31% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.29 | $3 |
| Cost of Funds (%) | ▲ | 1.32% | -0.19 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,462 | +80.65 | $1,381 |
| Gross Loans ($M) | ▼ | $1,163 | -8.12 | $1,171 |
| Loan Growth YoY (%) | ▼ | 94.20% | -6.95 | 101.15% |
| Total Deposits ($M) | ▲ | $1,227 | +76.78 | $1,150 |
| Shareholders Equity ($M) | ▲ | $123 | +5.04 | $118 |
| Tang. Book Value ($M) | ▲ | $121 | +5.16 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +4.95 | $119 |
| Loan / Deposit Ratio (%) | ▼ | 94.20% | -6.95 | 101.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.05 | 0.20% |
| Allowance / Loans (%) | — | 0.66% | -0.04% | 0.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.07 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.34% | +0.47 | 10.87% |
Noninterest income ($2.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆██▇█ | Net Interest Margin (%) | 3.54% | 3.61% | 3.76% | 3.88% | 4.02% | 4.00% | 3.93% | 4.00% |
| ▃▂▁▂▄█▃▃ | Return on Assets (%) | 0.78% | 0.76% | 0.71% | 0.75% | 0.83% | 0.96% | 0.77% | 0.79% |
| ▁▃▇▄▅▁██ | Efficiency Ratio (%) | 78.6% | 79.8% | 81.6% | 80.3% | 80.9% | 78.5% | 82.5% | 82.0% |
| █▆▃▄▄▃▁▁ | Cost of Funds (%) | 1.80% | 1.67% | 1.46% | 1.51% | 1.52% | 1.48% | 1.31% | 1.32% |
| █▇▇▇▂▁▁▄ | NPA / Assets (%) | 0.22% | 0.20% | 0.20% | 0.20% | 0.12% | 0.10% | 0.10% | 0.15% |
| █▇▇▇▂▁▁▃ | Net Charge-Off Ratio (%) | 0.27% | 0.25% | 0.24% | 0.24% | 0.14% | 0.12% | 0.13% | 0.17% |
| ▁▂▃▄▆█▇█ | Tang. Book Value ($M) | $112 | $113 | $115 | $116 | $119 | $120 | $120 | $121 |
| ▆▅▅▇▁▁█▃ | Gross Loans ($M) | $1,170 | $1,167 | $1,167 | $1,171 | $1,159 | $1,160 | $1,175 | $1,163 |
| ▇▅▇▂▁▂██ | Total Deposits ($M) | $1,205 | $1,183 | $1,205 | $1,150 | $1,135 | $1,149 | $1,224 | $1,227 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 1% |