Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.01 | 1.58% |
| Return on Equity (%) | ▼ | 15.54% | -0.33 | 15.87% |
| Net Interest Margin (%) | ▼ | 3.42% | -0.03 | 3.45% |
| Efficiency Ratio (%) | ▼ | 65.01% | +1.32 | 63.69% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.25 | $8 |
| Cost of Funds (%) | ▼ | 1.70% | +0.07 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,889 | +126.34 | $1,762 |
| Gross Loans ($M) | ▲ | $1,322 | +66.81 | $1,256 |
| Loan Growth YoY (%) | ▼ | 80.05% | -2.17 | 82.22% |
| Total Deposits ($M) | ▲ | $1,632 | +122.58 | $1,509 |
| Shareholders Equity ($M) | ▲ | $194 | +11.56 | $183 |
| Tang. Book Value ($M) | ▲ | $194 | +11.56 | $183 |
| TBV excl. AOCI ($M)** | ▲ | $214 | +11.41 | $203 |
| Loan / Deposit Ratio (%) | ▼ | 80.05% | -2.17 | 82.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.06 | 0.70% |
| Allowance / Loans (%) | — | 1.24% | 0.05% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.87% | -0.08 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.60% | -0.02 | 13.61% |
Noninterest income ($7.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄███▆▇ | Net Interest Margin (%) | 3.11% | 3.12% | 3.26% | 3.45% | 3.47% | 3.48% | 3.36% | 3.42% |
| ▁▁▄███▄█ | Return on Assets (%) | 1.33% | 1.37% | 1.46% | 1.58% | 1.61% | 1.60% | 1.46% | 1.59% |
| █▇▅▁▁▁█▄ | Efficiency Ratio (%) | 67.7% | 66.9% | 65.9% | 63.7% | 63.4% | 63.5% | 67.1% | 65.0% |
| ▇█▁▂▂▃▁▃ | Cost of Funds (%) | 1.86% | 1.92% | 1.58% | 1.63% | 1.64% | 1.67% | 1.59% | 1.70% |
| ▁▁▂▅█▇▇▆ | NPA / Assets (%) | 0.46% | 0.42% | 0.48% | 0.70% | 0.88% | 0.81% | 0.79% | 0.76% |
| ▁▁▁▆█▇▅▅ | Net Charge-Off Ratio (%) | 0.55% | 0.49% | 0.57% | 0.96% | 1.20% | 1.09% | 0.92% | 0.87% |
| ▃▁▄▅▇▆██ | Tang. Book Value ($M) | $175 | $166 | $177 | $183 | $189 | $185 | $191 | $194 |
| ▁▁▂▄▅▇▇█ | Gross Loans ($M) | $1,196 | $1,211 | $1,219 | $1,256 | $1,275 | $1,294 | $1,303 | $1,322 |
| ▁▃▆▃▅▃██ | Total Deposits ($M) | $1,441 | $1,493 | $1,582 | $1,509 | $1,538 | $1,505 | $1,631 | $1,632 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 11% |