Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.05 | 0.90% |
| Return on Equity (%) | ▼ | 10.43% | -0.33 | 10.76% |
| Net Interest Margin (%) | ▲ | 2.74% | +0.12 | 2.62% |
| Efficiency Ratio (%) | ▲ | 67.99% | -1.03 | 69.01% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.00 | $4 |
| Cost of Funds (%) | ▲ | 1.45% | -0.12 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,484 | -3.50 | $1,488 |
| Gross Loans ($M) | ▼ | $503 | -8.47 | $512 |
| Loan Growth YoY (%) | ▲ | 42.76% | +0.18 | 42.59% |
| Total Deposits ($M) | ▼ | $1,160 | -25.18 | $1,185 |
| Shareholders Equity ($M) | ▲ | $137 | +12.96 | $124 |
| Tang. Book Value ($M) | ▲ | $124 | +13.08 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +14.73 | $149 |
| Loan / Deposit Ratio (%) | ▲ | 42.76% | +0.18 | 42.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.48% | 0.06% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.05 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 23.48% | -0.16 | 23.65% |
Noninterest income ($2.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇███ | Net Interest Margin (%) | 2.36% | 2.39% | 2.51% | 2.62% | 2.68% | 2.70% | 2.69% | 2.74% |
| ▁▁▂▆██▇█ | Return on Assets (%) | 0.79% | 0.78% | 0.80% | 0.90% | 0.94% | 0.96% | 0.92% | 0.95% |
| ▄▆█▃▁▁▂▁ | Efficiency Ratio (%) | 69.3% | 70.1% | 70.9% | 69.0% | 68.3% | 68.0% | 68.4% | 68.0% |
| █▆▅▄▄▂▁▁ | Cost of Funds (%) | 1.69% | 1.61% | 1.58% | 1.56% | 1.56% | 1.50% | 1.46% | 1.45% |
| ▁▁▃▆▅▄▃█ | NPA / Assets (%) | 0.02% | 0.02% | 0.03% | 0.05% | 0.05% | 0.04% | 0.03% | 0.07% |
| ▁▁▃▆▅▄▃█ | Net Charge-Off Ratio (%) | 0.04% | 0.06% | 0.10% | 0.16% | 0.13% | 0.12% | 0.09% | 0.21% |
| ▄▂▂▁▇▅▇█ | Tang. Book Value ($M) | $116 | $113 | $114 | $111 | $121 | $118 | $121 | $124 |
| ▁▃▄█▇▆▄▄ | Gross Loans ($M) | $495 | $500 | $502 | $512 | $510 | $506 | $503 | $503 |
| ▆██▅▁▂▃▂ | Total Deposits ($M) | $1,190 | $1,211 | $1,204 | $1,185 | $1,151 | $1,164 | $1,167 | $1,160 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |