Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.37 | 1.33% |
| Return on Equity (%) | ▲ | 13.41% | +2.88 | 10.53% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.21 | 3.95% |
| Efficiency Ratio (%) | ▲ | 65.56% | -5.10 | 70.66% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.40 | $7 |
| Cost of Funds (%) | ▲ | 0.88% | -0.16 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,423 | -4.02 | $1,427 |
| Gross Loans ($M) | ▼ | $735 | -43.05 | $778 |
| Loan Growth YoY (%) | ▼ | 59.33% | -3.39 | 62.72% |
| Total Deposits ($M) | ▼ | $1,218 | -3.53 | $1,222 |
| Shareholders Equity ($M) | ▼ | $184 | -1.22 | $185 |
| Tang. Book Value ($M) | ▼ | $170 | -1.22 | $171 |
| TBV excl. AOCI ($M)** | ▲ | $191 | +2.44 | $189 |
| Loan / Deposit Ratio (%) | ▼ | 59.33% | -3.39 | 62.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.55 | 0.07% |
| Allowance / Loans (%) | — | 1.62% | 0.14% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 1.21% | +1.07 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.61% | +0.29 | 24.31% |
Noninterest income ($11.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▆█ | Net Interest Margin (%) | 3.87% | 3.86% | 3.90% | 3.95% | 4.05% | 4.06% | 4.09% | 4.17% |
| ▃▃▁▁▂▃██ | Return on Assets (%) | 1.46% | 1.43% | 1.31% | 1.33% | 1.39% | 1.47% | 1.74% | 1.70% |
| ▄▅██▆▄▁▁ | Efficiency Ratio (%) | 67.2% | 68.1% | 70.3% | 70.7% | 69.0% | 67.7% | 65.0% | 65.6% |
| █▇▅▅▄▃▁▁ | Cost of Funds (%) | 1.16% | 1.10% | 1.05% | 1.04% | 1.00% | 0.98% | 0.89% | 0.88% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.06% | 0.05% | 0.04% | 0.07% | 0.05% | 0.08% | 0.59% | 0.62% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.10% | 0.09% | 0.08% | 0.13% | 0.09% | 0.14% | 1.08% | 1.21% |
| ▃▁▄▆█▄▄▅ | Tang. Book Value ($M) | $162 | $156 | $166 | $171 | $178 | $164 | $166 | $170 |
| █▇▄▄▇▆▄▁ | Gross Loans ($M) | $846 | $823 | $785 | $778 | $826 | $808 | $781 | $735 |
| ▁▄▆▇▆▇█▆ | Total Deposits ($M) | $1,170 | $1,200 | $1,217 | $1,222 | $1,218 | $1,225 | $1,237 | $1,218 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 21% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |