Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.27 | 1.28% |
| Return on Equity (%) | ▲ | 13.50% | +1.45 | 12.05% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.11 | 3.15% |
| Efficiency Ratio (%) | ▲ | 48.39% | -3.48 | 51.87% |
| Pre-Provision Profit ($M) | ▲ | $18 | +2.77 | $15 |
| Cost of Funds (%) | ▲ | 1.36% | -0.14 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,858 | +241.26 | $3,617 |
| Gross Loans ($M) | ▲ | $2,104 | +104.53 | $1,999 |
| Loan Growth YoY (%) | ▼ | 64.96% | -1.21 | 66.17% |
| Total Deposits ($M) | ▲ | $3,187 | +213.47 | $2,973 |
| Shareholders Equity ($M) | ▲ | $444 | +43.05 | $401 |
| Tang. Book Value ($M) | ▲ | $372 | +43.05 | $329 |
| TBV excl. AOCI ($M)** | ▲ | $443 | +46.84 | $396 |
| Loan / Deposit Ratio (%) | ▼ | 64.96% | -1.21 | 66.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.58% | 0.00% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.02 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆▇██ | Net Interest Margin (%) | 3.04% | 3.08% | 3.11% | 3.15% | 3.20% | 3.22% | 3.24% | 3.26% |
| ▁▂▃▃▄▅▅█ | Return on Assets (%) | 1.14% | 1.22% | 1.26% | 1.28% | 1.33% | 1.37% | 1.39% | 1.56% |
| ▇▆█▇▆▄▁▁ | Efficiency Ratio (%) | 51.8% | 51.4% | 52.5% | 51.9% | 51.0% | 49.9% | 48.5% | 48.4% |
| █▅▃▃▃▂▁▁ | Cost of Funds (%) | 1.77% | 1.58% | 1.50% | 1.50% | 1.47% | 1.43% | 1.38% | 1.36% |
| █▇▇▇▁▁▁▄ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▆▂▂▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.03% |
| ▃▁▄▄▇███ | Tang. Book Value ($M) | $318 | $289 | $321 | $329 | $355 | $363 | $371 | $372 |
| ▁▁▃▃▅▆█▇ | Gross Loans ($M) | $1,946 | $1,954 | $2,012 | $1,999 | $2,064 | $2,096 | $2,146 | $2,104 |
| ▂▁▃▃▅▇██ | Total Deposits ($M) | $2,940 | $2,892 | $2,973 | $2,973 | $3,066 | $3,128 | $3,178 | $3,187 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 11% |