Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.22% | -0.09 | 1.31% |
| Return on Equity (%) | ▼ | 9.90% | -0.57 | 10.47% |
| Net Interest Margin (%) | ▲ | 4.62% | +0.07 | 4.55% |
| Efficiency Ratio (%) | ▼ | 68.80% | +1.03 | 67.77% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.28 | $6 |
| Cost of Funds (%) | ▲ | 2.94% | -0.39 | 3.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,102 | +114.83 | $987 |
| Gross Loans ($M) | ▲ | $923 | +110.81 | $812 |
| Loan Growth YoY (%) | ▲ | 95.12% | +1.56 | 93.56% |
| Total Deposits ($M) | ▲ | $956 | +98.84 | $857 |
| Shareholders Equity ($M) | ▲ | $132 | +15.29 | $116 |
| Tang. Book Value ($M) | ▲ | $110 | +15.38 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +15.28 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 95.12% | +1.56 | 93.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.19% | +0.05 | 3.14% |
| Allowance / Loans (%) | — | 1.54% | 0.22% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 2.89% | -0.92 | 3.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.28% | +0.59 | 15.69% |
Noninterest income ($7.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▃▅█▁▆ | Net Interest Margin (%) | 4.52% | 4.54% | 4.45% | 4.55% | 4.59% | 4.71% | 4.47% | 4.62% |
| ▆▁▇▃▅█▄▁ | Return on Assets (%) | 1.44% | 1.24% | 1.46% | 1.31% | 1.39% | 1.53% | 1.37% | 1.22% |
| ▆▆█▅▁▁▅▇ | Efficiency Ratio (%) | 68.2% | 68.3% | 69.5% | 67.8% | 65.4% | 65.4% | 67.8% | 68.8% |
| █▇▆▄▅▅▁▁ | Cost of Funds (%) | 3.86% | 3.70% | 3.57% | 3.34% | 3.44% | 3.46% | 3.04% | 2.94% |
| ▁▁▃▇▇▇█▇ | NPA / Assets (%) | 1.73% | 1.87% | 2.26% | 3.14% | 3.26% | 3.33% | 3.56% | 3.19% |
| ▁▁▂▇██▇▃ | Net Charge-Off Ratio (%) | 2.20% | 2.22% | 2.67% | 3.81% | 4.08% | 3.90% | 3.69% | 2.89% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $93 | $92 | $93 | $95 | $99 | $104 | $107 | $110 |
| ▁▂▄▅▅▆▇█ | Gross Loans ($M) | $659 | $716 | $763 | $812 | $815 | $836 | $879 | $923 |
| ▁▁▂▆▇▅▇█ | Total Deposits ($M) | $691 | $716 | $755 | $857 | $917 | $840 | $902 | $956 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 40% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 14% |