Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.05 | 0.72% |
| Return on Equity (%) | ▲ | 6.19% | +0.35 | 5.84% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.10 | 3.29% |
| Efficiency Ratio (%) | ▲ | 74.60% | -3.24 | 77.85% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.58 | $7 |
| Cost of Funds (%) | ▲ | 2.38% | -0.18 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,406 | +19.41 | $3,386 |
| Gross Loans ($M) | ▲ | $2,743 | +45.67 | $2,697 |
| Loan Growth YoY (%) | ▲ | 94.78% | +3.97 | 90.81% |
| Total Deposits ($M) | ▼ | $2,870 | -75.66 | $2,946 |
| Shareholders Equity ($M) | ▲ | $456 | +49.88 | $406 |
| Tang. Book Value ($M) | ▲ | $387 | +48.74 | $338 |
| TBV excl. AOCI ($M)** | ▲ | $403 | +48.91 | $354 |
| Loan / Deposit Ratio (%) | ▲ | 94.78% | +3.97 | 90.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.23 | 0.89% |
| Allowance / Loans (%) | — | 0.80% | -0.00% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.81% | -0.09 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.88% | +2.16 | 10.72% |
Noninterest income ($6.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▆▁▁▅██ | Net Interest Margin (%) | 3.36% | 3.38% | 3.37% | 3.29% | 3.30% | 3.35% | 3.40% | 3.39% |
| ██▇▆▁▂█▇ | Return on Assets (%) | 0.81% | 0.83% | 0.74% | 0.72% | 0.44% | 0.51% | 0.83% | 0.78% |
| ▁▁▅▇██▃▃ | Efficiency Ratio (%) | 72.4% | 71.9% | 76.8% | 77.8% | 79.8% | 79.6% | 74.8% | 74.6% |
| █▇▃▄▆▅▁▂ | Cost of Funds (%) | 2.87% | 2.75% | 2.43% | 2.56% | 2.68% | 2.63% | 2.25% | 2.38% |
| ▁▅▄█▂▃▃▃ | NPA / Assets (%) | 0.56% | 0.76% | 0.72% | 0.89% | 0.63% | 0.65% | 0.65% | 0.65% |
| ▁▁▁█▆▆▆▆ | Net Charge-Off Ratio (%) | 0.66% | 0.67% | 0.66% | 0.90% | 0.83% | 0.81% | 0.83% | 0.81% |
| ▃█▁▂▁▁▂█ | Tang. Book Value ($M) | $344 | $389 | $329 | $338 | $329 | $335 | $343 | $387 |
| ▂▁▄▆▆▃▅█ | Gross Loans ($M) | $2,616 | $2,594 | $2,650 | $2,697 | $2,695 | $2,648 | $2,684 | $2,743 |
| ▂▁▃▇█▅▇▆ | Total Deposits ($M) | $2,601 | $2,520 | $2,717 | $2,946 | $3,077 | $2,801 | $2,971 | $2,870 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 23% |