Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.05 | 0.55% |
| Return on Equity (%) | ▼ | 9.27% | -0.40 | 9.67% |
| Net Interest Margin (%) | ▲ | 2.76% | +0.07 | 2.69% |
| Efficiency Ratio (%) | ▼ | 78.11% | +1.29 | 76.82% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.21 | $2 |
| Cost of Funds (%) | ▲ | 1.83% | -0.19 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,201 | +113.46 | $1,088 |
| Gross Loans ($M) | ▲ | $624 | +13.48 | $610 |
| Loan Growth YoY (%) | ▼ | 55.99% | -4.71 | 60.71% |
| Total Deposits ($M) | ▲ | $1,103 | +108.66 | $994 |
| Shareholders Equity ($M) | ▲ | $76 | +11.28 | $64 |
| Tang. Book Value ($M) | ▲ | $76 | +11.28 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +12.50 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 55.99% | -4.71 | 60.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.08 | 0.13% |
| Allowance / Loans (%) | — | 1.04% | -0.11% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.15 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.67% | +0.21 | 14.46% |
Noninterest income ($1.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇████ | Net Interest Margin (%) | 2.24% | 2.31% | 2.59% | 2.69% | 2.74% | 2.78% | 2.75% | 2.76% |
| ▂▃▁▇▇███ | Return on Assets (%) | 0.45% | 0.46% | 0.40% | 0.55% | 0.57% | 0.58% | 0.58% | 0.60% |
| ███▁▁▁▅▃ | Efficiency Ratio (%) | 82.5% | 82.3% | 82.0% | 76.8% | 76.8% | 76.5% | 79.6% | 78.1% |
| █▅▁▄▃▃▁▁ | Cost of Funds (%) | 2.33% | 2.11% | 1.81% | 2.02% | 1.98% | 1.97% | 1.83% | 1.83% |
| ▃▆█▆▆▃▃▁ | NPA / Assets (%) | 0.09% | 0.12% | 0.16% | 0.13% | 0.13% | 0.09% | 0.09% | 0.05% |
| ▂▄█▆▆▃▄▁ | Net Charge-Off Ratio (%) | 0.12% | 0.17% | 0.29% | 0.23% | 0.23% | 0.15% | 0.17% | 0.08% |
| ▄▁▃▄▇▇██ | Tang. Book Value ($M) | $66 | $57 | $63 | $64 | $72 | $73 | $76 | $76 |
| ▁▁▅▆▆█▆█ | Gross Loans ($M) | $577 | $577 | $604 | $610 | $611 | $629 | $612 | $624 |
| ▁▁▄▄▄▄▇█ | Total Deposits ($M) | $917 | $910 | $997 | $994 | $997 | $991 | $1,065 | $1,103 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |