Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.01 | 1.24% |
| Return on Equity (%) | ▼ | 12.02% | -0.75 | 12.77% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.28 | 3.68% |
| Efficiency Ratio (%) | ▼ | 60.95% | +2.59 | 58.36% |
| Pre-Provision Profit ($M) | ▼ | $8 | -0.62 | $9 |
| Cost of Funds (%) | ▲ | 1.38% | -0.18 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,055 | +73.04 | $1,982 |
| Gross Loans ($M) | ▲ | $1,572 | +69.54 | $1,503 |
| Loan Growth YoY (%) | ▼ | 88.98% | -2.40 | 91.38% |
| Total Deposits ($M) | ▲ | $1,744 | +120.22 | $1,624 |
| Shareholders Equity ($M) | ▲ | $218 | +21.38 | $196 |
| Tang. Book Value ($M) | ▲ | $206 | +21.78 | $184 |
| TBV excl. AOCI ($M)** | ▲ | $219 | +21.72 | $197 |
| Loan / Deposit Ratio (%) | ▼ | 88.98% | -2.40 | 91.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.13 | 0.37% |
| Allowance / Loans (%) | — | 1.31% | 0.04% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.02 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.96% | +0.23 | 13.74% |
Noninterest income ($5.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.46% | 3.49% | 3.62% | 3.68% | 3.74% | 3.78% | 3.90% | 3.96% |
| ▁▂▅▆▇▆█▆ | Return on Assets (%) | 1.05% | 1.12% | 1.22% | 1.24% | 1.31% | 1.27% | 1.35% | 1.25% |
| █▆▃▂▁▂▁▆ | Efficiency Ratio (%) | 62.3% | 60.9% | 58.8% | 58.4% | 57.6% | 58.2% | 57.3% | 61.0% |
| █▇▇▇█▅▂▁ | Cost of Funds (%) | 1.60% | 1.55% | 1.56% | 1.56% | 1.59% | 1.50% | 1.43% | 1.38% |
| █▅▃▃▃▁▂▁ | NPA / Assets (%) | 0.61% | 0.46% | 0.37% | 0.37% | 0.37% | 0.28% | 0.29% | 0.24% |
| █▃▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.59% | 0.39% | 0.29% | 0.29% | 0.31% | 0.31% | 0.31% | 0.31% |
| ▁▂▃▄▆▆▇█ | Tang. Book Value ($M) | $168 | $174 | $178 | $184 | $192 | $196 | $199 | $206 |
| ▁▃▃▄▄▅▅█ | Gross Loans ($M) | $1,448 | $1,482 | $1,480 | $1,503 | $1,498 | $1,522 | $1,526 | $1,572 |
| ▁▂▄▃▆███ | Total Deposits ($M) | $1,547 | $1,582 | $1,632 | $1,624 | $1,687 | $1,744 | $1,758 | $1,744 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 15% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 4% |