Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.41 | 0.76% |
| Return on Equity (%) | ▲ | 10.33% | +3.04 | 7.29% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.24 | 3.58% |
| Efficiency Ratio (%) | ▲ | 67.21% | -8.10 | 75.31% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.38 | $3 |
| Cost of Funds (%) | ▲ | 1.50% | -0.03 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,042 | +42.08 | $1,000 |
| Gross Loans ($M) | ▲ | $679 | +0.88 | $678 |
| Loan Growth YoY (%) | ▼ | 76.13% | -3.38 | 79.52% |
| Total Deposits ($M) | ▲ | $881 | +39.43 | $842 |
| Shareholders Equity ($M) | ▲ | $120 | +12.42 | $108 |
| Tang. Book Value ($M) | ▲ | $101 | +12.61 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +12.68 | $100 |
| Loan / Deposit Ratio (%) | ▼ | 76.13% | -3.38 | 79.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.51% | -0.22 | 0.73% |
| Allowance / Loans (%) | — | 1.20% | -0.10% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.28 | 0.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.27% | +0.81 | 16.46% |
Noninterest income ($3.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 3.24% | 3.33% | 3.45% | 3.58% | 3.67% | 3.71% | 3.76% | 3.81% |
| ▂▃▁▂▅▇▇█ | Return on Assets (%) | 0.75% | 0.79% | 0.66% | 0.76% | 0.97% | 1.05% | 1.08% | 1.17% |
| ▇▇█▆▄▃▂▁ | Efficiency Ratio (%) | 77.1% | 77.0% | 79.0% | 75.3% | 71.7% | 71.0% | 69.5% | 67.2% |
| █▆▃▃▂▃▁▂ | Cost of Funds (%) | 1.74% | 1.66% | 1.55% | 1.52% | 1.49% | 1.53% | 1.44% | 1.50% |
| ▁▃█▇▆▁▁▃ | NPA / Assets (%) | 0.40% | 0.54% | 0.80% | 0.73% | 0.69% | 0.41% | 0.40% | 0.51% |
| ▁▄█▅▄▁▁▂ | Net Charge-Off Ratio (%) | 0.53% | 0.80% | 1.21% | 0.93% | 0.83% | 0.49% | 0.47% | 0.65% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $85 | $81 | $84 | $88 | $94 | $98 | $97 | $101 |
| ▆▄▁█▇▂▂█ | Gross Loans ($M) | $672 | $665 | $655 | $678 | $673 | $659 | $660 | $679 |
| ▄▁▁▁▇▅██ | Total Deposits ($M) | $860 | $844 | $843 | $842 | $877 | $867 | $887 | $881 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |