Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.78% | -0.04 | 0.82% |
| Return on Equity (%) | ▼ | 9.27% | -0.87 | 10.14% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.03 | 2.79% |
| Efficiency Ratio (%) | ▼ | 75.67% | +2.45 | 73.21% |
| Pre-Provision Profit ($M) | ▼ | $5 | -1.25 | $6 |
| Cost of Funds (%) | ▲ | 1.84% | -0.19 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,575 | +99.48 | $2,475 |
| Gross Loans ($M) | ▲ | $1,349 | +14.27 | $1,335 |
| Loan Growth YoY (%) | ▼ | 62.87% | -2.34 | 65.21% |
| Total Deposits ($M) | ▲ | $2,094 | +95.77 | $1,999 |
| Shareholders Equity ($M) | ▲ | $217 | +21.85 | $195 |
| Tang. Book Value ($M) | ▲ | $217 | +21.85 | $195 |
| TBV excl. AOCI ($M)** | ▲ | $254 | +23.67 | $230 |
| Loan / Deposit Ratio (%) | ▼ | 62.87% | -2.34 | 65.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.03 | 0.06% |
| Allowance / Loans (%) | — | 2.39% | 0.04% | 2.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.06 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.88% | +1.02 | 14.86% |
Noninterest income ($4.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▆▆▇██ | Net Interest Margin (%) | 2.70% | 2.74% | 2.78% | 2.79% | 2.79% | 2.80% | 2.82% | 2.82% |
| ▂▃▁▆▄█▅▄ | Return on Assets (%) | 0.73% | 0.76% | 0.69% | 0.82% | 0.79% | 0.89% | 0.81% | 0.78% |
| █▇█▃▄▁▆▇ | Efficiency Ratio (%) | 76.8% | 75.6% | 76.4% | 73.2% | 74.3% | 71.9% | 75.3% | 75.7% |
| █▄▂▅▄▄▁▁ | Cost of Funds (%) | 2.18% | 1.99% | 1.92% | 2.03% | 2.00% | 1.99% | 1.85% | 1.84% |
| ▇▄▇█▄▂▂▁ | NPA / Assets (%) | 0.05% | 0.04% | 0.05% | 0.06% | 0.04% | 0.03% | 0.03% | 0.02% |
| ▇▄▇█▄▂▂▁ | Net Charge-Off Ratio (%) | 0.09% | 0.07% | 0.09% | 0.10% | 0.07% | 0.05% | 0.05% | 0.04% |
| ▁▁▁▁▂▅▇█ | Tang. Book Value ($M) | $196 | $197 | $197 | $195 | $200 | $207 | $212 | $217 |
| ▁▂▅▆█▆▆█ | Gross Loans ($M) | $1,301 | $1,310 | $1,327 | $1,335 | $1,347 | $1,334 | $1,335 | $1,349 |
| ▃▁▄▅▆▅▆█ | Total Deposits ($M) | $1,950 | $1,888 | $1,990 | $1,999 | $2,034 | $2,012 | $2,029 | $2,094 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 2% |
| Consumer | 16% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 5% |