Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.05 | 1.15% |
| Return on Equity (%) | ▲ | 12.75% | +0.34 | 12.41% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.18 | 3.03% |
| Efficiency Ratio (%) | ▲ | 63.82% | -0.85 | 64.67% |
| Pre-Provision Profit ($M) | ▲ | $9 | +0.98 | $8 |
| Cost of Funds (%) | ▲ | 2.09% | -0.36 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,684 | +235.71 | $2,448 |
| Gross Loans ($M) | ▼ | $1,960 | -33.78 | $1,993 |
| Loan Growth YoY (%) | ▼ | 80.07% | -9.53 | 89.60% |
| Total Deposits ($M) | ▲ | $2,421 | +219.61 | $2,202 |
| Shareholders Equity ($M) | ▲ | $243 | +14.26 | $229 |
| Tang. Book Value ($M) | ▲ | $235 | +14.17 | $221 |
| TBV excl. AOCI ($M)** | ▲ | $240 | +13.62 | $227 |
| Loan / Deposit Ratio (%) | ▼ | 80.07% | -9.53 | 89.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.20 | 0.68% |
| Allowance / Loans (%) | — | 1.07% | 0.03% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.10% | +0.26 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.19% | +0.71 | 11.48% |
Noninterest income ($5.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆██ | Net Interest Margin (%) | 2.74% | 2.80% | 2.97% | 3.03% | 3.07% | 3.10% | 3.23% | 3.21% |
| ▁▂▇▇████ | Return on Assets (%) | 0.72% | 0.84% | 1.12% | 1.15% | 1.22% | 1.18% | 1.18% | 1.20% |
| █▆▄▂▁▃▂▁ | Efficiency Ratio (%) | 69.5% | 67.8% | 65.8% | 64.7% | 63.6% | 65.2% | 64.6% | 63.8% |
| █▆▅▄▅▄▁▁ | Cost of Funds (%) | 2.83% | 2.64% | 2.50% | 2.45% | 2.53% | 2.40% | 2.10% | 2.09% |
| ▁▁▁▆█▆▅█ | NPA / Assets (%) | 0.35% | 0.32% | 0.38% | 0.68% | 0.86% | 0.69% | 0.64% | 0.88% |
| ▁▁▁▆█▆▄█ | Net Charge-Off Ratio (%) | 0.43% | 0.39% | 0.45% | 0.84% | 1.10% | 0.87% | 0.72% | 1.10% |
| ▁▂▄▅▆███ | Tang. Book Value ($M) | $203 | $209 | $217 | $221 | $227 | $234 | $235 | $235 |
| ▁▃▆█▃▇▄▃ | Gross Loans ($M) | $1,940 | $1,959 | $1,980 | $1,993 | $1,957 | $1,984 | $1,965 | $1,960 |
| ▁▂▂▃▄▄▅█ | Total Deposits ($M) | $2,099 | $2,177 | $2,152 | $2,202 | $2,237 | $2,257 | $2,282 | $2,421 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 19% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 39% |