Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.09 | 1.06% |
| Return on Equity (%) | ▲ | 11.49% | +0.91 | 10.58% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.34 | 3.69% |
| Efficiency Ratio (%) | ▲ | 61.60% | -3.29 | 64.89% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.03 | $4 |
| Cost of Funds (%) | ▲ | 1.50% | -0.19 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,008 | +7.86 | $1,000 |
| Gross Loans ($M) | ▲ | $797 | +110.66 | $687 |
| Loan Growth YoY (%) | ▲ | 87.78% | +11.76 | 76.02% |
| Total Deposits ($M) | ▲ | $897 | +5.21 | $892 |
| Shareholders Equity ($M) | ▲ | $104 | +4.56 | $100 |
| Tang. Book Value ($M) | ▲ | $104 | +4.56 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +0.92 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 87.78% | +11.76 | 76.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Allowance / Loans (%) | — | 1.24% | -0.03% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.07 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.97% | -1.03 | 13.00% |
Noninterest income ($1.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▇█ | Net Interest Margin (%) | 3.55% | 3.58% | 3.59% | 3.69% | 3.79% | 3.84% | 3.94% | 4.03% |
| ▄▇▁▅▇█▄█ | Return on Assets (%) | 1.02% | 1.10% | 0.92% | 1.06% | 1.12% | 1.15% | 1.01% | 1.15% |
| ▃▂█▄▂▂▆▁ | Efficiency Ratio (%) | 64.0% | 63.2% | 68.8% | 64.9% | 63.1% | 63.1% | 66.1% | 61.6% |
| █▇▃▃▄▂▁▁ | Cost of Funds (%) | 2.04% | 1.94% | 1.66% | 1.69% | 1.73% | 1.60% | 1.49% | 1.50% |
| █▆▇▆▆▃▄▁ | NPA / Assets (%) | 0.09% | 0.07% | 0.08% | 0.07% | 0.07% | 0.04% | 0.05% | 0.02% |
| █▆▇▆▅▃▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.10% | 0.12% | 0.10% | 0.09% | 0.06% | 0.03% | 0.03% |
| ▁▃▃▄▇▆▅█ | Tang. Book Value ($M) | $96 | $98 | $99 | $100 | $103 | $101 | $101 | $104 |
| ▁▁▁▂▄▆▇█ | Gross Loans ($M) | $653 | $651 | $660 | $687 | $718 | $751 | $772 | $797 |
| ▅▁▄▄▅█▇▄ | Total Deposits ($M) | $899 | $872 | $893 | $892 | $905 | $925 | $914 | $897 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 4% |