Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.26 | 1.15% |
| Return on Equity (%) | ▼ | 8.81% | -2.72 | 11.53% |
| Net Interest Margin (%) | ▼ | 3.88% | -0.02 | 3.89% |
| Efficiency Ratio (%) | ▲ | 60.61% | -2.06 | 62.67% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.59 | $7 |
| Cost of Funds (%) | ▼ | 1.93% | +0.23 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,646 | +149.88 | $1,496 |
| Gross Loans ($M) | ▲ | $1,234 | +144.38 | $1,089 |
| Loan Growth YoY (%) | ▲ | 86.15% | +1.97 | 84.18% |
| Total Deposits ($M) | ▲ | $1,413 | +131.62 | $1,281 |
| Shareholders Equity ($M) | ▲ | $165 | +11.71 | $154 |
| Tang. Book Value ($M) | ▲ | $158 | +11.75 | $146 |
| TBV excl. AOCI ($M)** | ▲ | $171 | +10.96 | $160 |
| Loan / Deposit Ratio (%) | ▲ | 86.15% | +1.97 | 84.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.76 | 0.32% |
| Allowance / Loans (%) | — | 1.32% | 0.35% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +1.00 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇█▅▆ | Net Interest Margin (%) | 3.60% | 3.62% | 3.69% | 3.89% | 3.92% | 3.97% | 3.82% | 3.88% |
| ▂▁██▆▆▆▃ | Return on Assets (%) | 0.84% | 0.79% | 1.11% | 1.15% | 1.05% | 1.03% | 1.02% | 0.89% |
| ▇█▃▂▂▁▁▁ | Efficiency Ratio (%) | 71.2% | 73.0% | 64.3% | 62.7% | 62.8% | 61.2% | 61.8% | 60.6% |
| ▄▅▂▁▂▆▄█ | Cost of Funds (%) | 1.80% | 1.82% | 1.73% | 1.70% | 1.75% | 1.84% | 1.79% | 1.93% |
| ▁▁▁▁▁▇██ | NPA / Assets (%) | 0.31% | 0.33% | 0.33% | 0.32% | 0.30% | 1.06% | 1.19% | 1.08% |
| ▁▁▁▁▁▇█▇ | Net Charge-Off Ratio (%) | 0.44% | 0.46% | 0.48% | 0.44% | 0.42% | 1.40% | 1.64% | 1.45% |
| ▁▁▂▄▅▇██ | Tang. Book Value ($M) | $139 | $137 | $141 | $146 | $150 | $155 | $156 | $158 |
| ▁▁▁▃▄▆▇█ | Gross Loans ($M) | $1,037 | $1,049 | $1,032 | $1,089 | $1,118 | $1,183 | $1,203 | $1,234 |
| ▁▁▂▁▄▄██ | Total Deposits ($M) | $1,267 | $1,278 | $1,289 | $1,281 | $1,337 | $1,334 | $1,429 | $1,413 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 8% |
| Consumer | 6% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |