Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.29 | 0.54% |
| Return on Equity (%) | ▲ | 8.59% | +3.08 | 5.51% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.26 | 2.64% |
| Efficiency Ratio (%) | ▲ | 73.32% | -3.42 | 76.74% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.93 | $6 |
| Cost of Funds (%) | ▲ | 2.39% | -0.13 | 2.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,237 | +215.00 | $3,022 |
| Gross Loans ($M) | ▲ | $2,736 | +172.24 | $2,564 |
| Loan Growth YoY (%) | ▼ | 95.17% | -5.18 | 100.34% |
| Total Deposits ($M) | ▲ | $2,854 | +317.59 | $2,537 |
| Shareholders Equity ($M) | ▲ | $317 | +25.29 | $291 |
| Tang. Book Value ($M) | ▲ | $285 | +25.50 | $260 |
| TBV excl. AOCI ($M)** | ▲ | $296 | +30.83 | $265 |
| Loan / Deposit Ratio (%) | ▼ | 95.17% | -5.18 | 100.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.12 | 0.62% |
| Allowance / Loans (%) | — | 0.74% | 0.00% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.04 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.37% | +0.01 | 11.36% |
Noninterest income ($7.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▄▄▅██ | Net Interest Margin (%) | 2.41% | 2.45% | 2.67% | 2.64% | 2.65% | 2.71% | 2.85% | 2.90% |
| ▁▁▅▃▃▃██ | Return on Assets (%) | 0.37% | 0.40% | 0.66% | 0.54% | 0.52% | 0.51% | 0.86% | 0.83% |
| ██▃▄▄▄▁▁ | Efficiency Ratio (%) | 82.1% | 82.6% | 76.0% | 76.7% | 76.1% | 76.5% | 72.2% | 73.3% |
| █▆▃▂▆▄▁▁ | Cost of Funds (%) | 3.02% | 2.82% | 2.63% | 2.52% | 2.81% | 2.68% | 2.41% | 2.39% |
| ██▁▁▂▁▂▁ | NPA / Assets (%) | 1.79% | 1.68% | 0.59% | 0.62% | 0.73% | 0.62% | 0.71% | 0.50% |
| ▃▁▁▁▆▃█▂ | Net Charge-Off Ratio (%) | 0.63% | 0.53% | 0.52% | 0.56% | 0.74% | 0.62% | 0.85% | 0.60% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $247 | $251 | $256 | $260 | $263 | $268 | $277 | $285 |
| ▁▂▁▄▆▇██ | Gross Loans ($M) | $2,396 | $2,451 | $2,436 | $2,564 | $2,613 | $2,691 | $2,719 | $2,736 |
| ▁▁▁▁█▆██ | Total Deposits ($M) | $2,521 | $2,531 | $2,532 | $2,537 | $2,856 | $2,754 | $2,850 | $2,854 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |