Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.01 | 1.08% |
| Return on Equity (%) | ▲ | 9.81% | +0.01 | 9.80% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.04 | 4.42% |
| Efficiency Ratio (%) | ▲ | 63.06% | -2.36 | 65.42% |
| Pre-Provision Profit ($M) | ▲ | $14 | +1.42 | $12 |
| Cost of Funds (%) | ▲ | 2.03% | -0.00 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,179 | +2.84 | $3,176 |
| Gross Loans ($M) | ▲ | $2,691 | +22.57 | $2,668 |
| Loan Growth YoY (%) | ▲ | 107.88% | +5.19 | 102.69% |
| Total Deposits ($M) | ▼ | $2,465 | -101.66 | $2,567 |
| Shareholders Equity ($M) | ▲ | $363 | +18.01 | $345 |
| Tang. Book Value ($M) | ▲ | $341 | +20.77 | $321 |
| TBV excl. AOCI ($M)** | ▲ | $357 | +19.27 | $337 |
| Loan / Deposit Ratio (%) | ▲ | 107.88% | +5.19 | 102.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.49% | -0.11 | 0.60% |
| Allowance / Loans (%) | — | 1.16% | -0.05% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.13 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.84% | +0.03 | 12.81% |
Noninterest income ($5.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▁▂▆█▂▅ | Net Interest Margin (%) | 4.47% | 4.47% | 4.41% | 4.42% | 4.47% | 4.49% | 4.42% | 4.46% |
| █▆▂▁▂▃▁▁ | Return on Assets (%) | 1.31% | 1.24% | 1.11% | 1.08% | 1.13% | 1.14% | 1.08% | 1.09% |
| ▁▂██▆▅▅▅ | Efficiency Ratio (%) | 59.1% | 60.5% | 65.9% | 65.4% | 64.0% | 63.2% | 63.2% | 63.1% |
| ▆▃▁▃██▁▃ | Cost of Funds (%) | 2.06% | 2.03% | 2.00% | 2.03% | 2.09% | 2.09% | 2.01% | 2.03% |
| ▁▃▄████▅ | NPA / Assets (%) | 0.36% | 0.45% | 0.47% | 0.60% | 0.57% | 0.59% | 0.57% | 0.49% |
| ▁▃▄███▇▅ | Net Charge-Off Ratio (%) | 0.42% | 0.53% | 0.56% | 0.71% | 0.69% | 0.69% | 0.67% | 0.58% |
| ▁▂▃▄▅▅▇█ | Tang. Book Value ($M) | $304 | $310 | $317 | $321 | $324 | $327 | $333 | $341 |
| ▁▁▁▆▆██▇ | Gross Loans ($M) | $2,544 | $2,562 | $2,564 | $2,668 | $2,668 | $2,699 | $2,713 | $2,691 |
| ▃▁▇▅██▇▃ | Total Deposits ($M) | $2,446 | $2,360 | $2,633 | $2,567 | $2,702 | $2,691 | $2,658 | $2,465 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 8% |
| Consumer | 21% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |