Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.10 | 0.86% |
| Return on Equity (%) | ▲ | 11.76% | +0.89 | 10.87% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.17 | 4.04% |
| Efficiency Ratio (%) | ▼ | 83.72% | +1.09 | 82.62% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.01 | $4 |
| Cost of Funds (%) | ▲ | 1.51% | -0.22 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,472 | +103.50 | $1,369 |
| Gross Loans ($M) | ▼ | $1,166 | -6.41 | $1,173 |
| Loan Growth YoY (%) | ▼ | 91.00% | -9.62 | 100.62% |
| Total Deposits ($M) | ▲ | $1,270 | +117.25 | $1,152 |
| Shareholders Equity ($M) | ▲ | $119 | +9.93 | $109 |
| Tang. Book Value ($M) | ▲ | $85 | +5.39 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +5.22 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 91.00% | -9.62 | 100.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.39% | +0.34 | 1.05% |
| Allowance / Loans (%) | — | 0.95% | -0.18% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.75% | +0.53 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.15% | +0.75 | 10.40% |
Noninterest income ($13.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆████ | Net Interest Margin (%) | 3.32% | 3.44% | 3.87% | 4.04% | 4.28% | 4.31% | 4.24% | 4.21% |
| ▁▁▃▅▆▆█▇ | Return on Assets (%) | 0.61% | 0.64% | 0.77% | 0.86% | 0.90% | 0.92% | 1.05% | 0.97% |
| ██▄▁▂▆▁▅ | Efficiency Ratio (%) | 84.6% | 84.6% | 83.4% | 82.6% | 82.7% | 83.8% | 82.4% | 83.7% |
| █▇▅▄▁▁▁▁ | Cost of Funds (%) | 2.16% | 2.05% | 1.82% | 1.73% | 1.49% | 1.44% | 1.48% | 1.51% |
| ▁▁▁▅▅▃██ | NPA / Assets (%) | 0.63% | 0.64% | 0.68% | 1.05% | 1.02% | 0.91% | 1.30% | 1.39% |
| ▁▁▁▄▄▃▇█ | Net Charge-Off Ratio (%) | 0.75% | 0.75% | 0.79% | 1.22% | 1.21% | 1.06% | 1.56% | 1.75% |
| ▁▁▁▃▇█▇█ | Tang. Book Value ($M) | $77 | $76 | $77 | $80 | $84 | $86 | $84 | $85 |
| ▁▂▄█▆█▄▇ | Gross Loans ($M) | $1,097 | $1,111 | $1,131 | $1,173 | $1,159 | $1,183 | $1,138 | $1,166 |
| ▄▄▄▄▅▇▁█ | Total Deposits ($M) | $1,139 | $1,157 | $1,149 | $1,152 | $1,170 | $1,230 | $1,058 | $1,270 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 27% |