Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.18 | 1.44% |
| Return on Equity (%) | ▲ | 15.97% | +1.88 | 14.09% |
| Net Interest Margin (%) | ▼ | 3.61% | -0.18 | 3.79% |
| Efficiency Ratio (%) | ▲ | 57.99% | -1.25 | 59.23% |
| Pre-Provision Profit ($M) | ▲ | $13 | +0.47 | $13 |
| Cost of Funds (%) | ▲ | 1.81% | -0.29 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,692 | +117.88 | $2,575 |
| Gross Loans ($M) | ▲ | $2,069 | +8.57 | $2,061 |
| Loan Growth YoY (%) | ▼ | 90.45% | -3.04 | 93.48% |
| Total Deposits ($M) | ▲ | $2,273 | +88.34 | $2,184 |
| Shareholders Equity ($M) | ▲ | $265 | +4.22 | $261 |
| Tang. Book Value ($M) | ▲ | $253 | +4.22 | $249 |
| TBV excl. AOCI ($M)** | ▲ | $273 | +9.76 | $263 |
| Loan / Deposit Ratio (%) | ▼ | 90.45% | -3.04 | 93.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.23 | 0.59% |
| Allowance / Loans (%) | — | 0.66% | -0.24% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.27 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.43% | +0.24 | 11.19% |
Noninterest income ($12.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄█▆▆▅▁▁ | Net Interest Margin (%) | 3.73% | 3.71% | 3.85% | 3.79% | 3.76% | 3.75% | 3.61% | 3.61% |
| ▃▁▄▂▁▃█▅ | Return on Assets (%) | 1.49% | 1.39% | 1.55% | 1.44% | 1.33% | 1.47% | 1.89% | 1.62% |
| ▇█▅▇██▁▅ | Efficiency Ratio (%) | 59.6% | 60.7% | 57.7% | 59.2% | 60.1% | 60.0% | 54.4% | 58.0% |
| █▆▅▄▅▃▁▁ | Cost of Funds (%) | 2.48% | 2.28% | 2.15% | 2.10% | 2.17% | 1.96% | 1.72% | 1.81% |
| ▃▅▇█▃▂▁▂ | NPA / Assets (%) | 0.42% | 0.46% | 0.55% | 0.59% | 0.42% | 0.37% | 0.32% | 0.36% |
| ▃▅▇█▃▂▁▂ | Net Charge-Off Ratio (%) | 0.44% | 0.52% | 0.62% | 0.67% | 0.46% | 0.41% | 0.35% | 0.40% |
| ▁▁▂▄▄▅█▆ | Tang. Book Value ($M) | $239 | $241 | $244 | $249 | $247 | $250 | $260 | $253 |
| ▁▃▆█▄▄██ | Gross Loans ($M) | $1,905 | $1,951 | $2,014 | $2,061 | $1,980 | $1,970 | $2,067 | $2,069 |
| ▁▂▁▅▂▃██ | Total Deposits ($M) | $2,076 | $2,102 | $2,095 | $2,184 | $2,114 | $2,133 | $2,261 | $2,273 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 36% |
| C&I / Commercial | 46% |
| Consumer | 10% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 20% |