Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.76% | -0.06 | 0.82% |
| Return on Equity (%) | ▼ | 7.95% | -1.13 | 9.08% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.26 | 3.66% |
| Efficiency Ratio (%) | ▼ | 64.37% | +0.41 | 63.96% |
| Pre-Provision Profit ($M) | ▼ | $12 | -0.75 | $13 |
| Cost of Funds (%) | ▲ | 2.62% | -0.39 | 3.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,592 | +80.87 | $2,511 |
| Gross Loans ($M) | ▲ | $2,233 | +80.55 | $2,152 |
| Loan Growth YoY (%) | ▼ | 100.52% | -0.29 | 100.80% |
| Total Deposits ($M) | ▲ | $2,200 | +85.52 | $2,115 |
| Shareholders Equity ($M) | ▲ | $249 | +21.34 | $228 |
| Tang. Book Value ($M) | ▲ | $246 | +21.53 | $224 |
| TBV excl. AOCI ($M)** | ▲ | $258 | +22.15 | $236 |
| Loan / Deposit Ratio (%) | ▼ | 100.52% | -0.29 | 100.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.31% | +1.27 | 2.04% |
| Allowance / Loans (%) | — | 0.96% | -0.01% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 3.68% | +1.33 | 2.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.29% | 3.36% | 3.56% | 3.66% | 3.79% | 3.86% | 3.97% | 3.92% |
| ▄▅▂▅▇█▁▅ | Return on Assets (%) | 0.75% | 0.82% | 0.55% | 0.82% | 0.96% | 1.05% | 0.46% | 0.76% |
| █▇▄▂▁▁▂▃ | Efficiency Ratio (%) | 69.4% | 67.7% | 65.7% | 64.0% | 63.2% | 62.6% | 63.8% | 64.4% |
| █▇▃▄▄▃▁▁ | Cost of Funds (%) | 3.57% | 3.35% | 2.90% | 3.02% | 2.97% | 2.83% | 2.56% | 2.62% |
| ▁▁▁▁▂▃▃█ | NPA / Assets (%) | 1.97% | 1.90% | 2.07% | 2.04% | 2.23% | 2.29% | 2.42% | 3.31% |
| ▁▁▂▁▂▂▃█ | Net Charge-Off Ratio (%) | 2.20% | 2.19% | 2.49% | 2.35% | 2.53% | 2.50% | 2.64% | 3.68% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $206 | $214 | $216 | $224 | $232 | $240 | $241 | $246 |
| ▁▁▃▅▇▇██ | Gross Loans ($M) | $2,055 | $2,063 | $2,100 | $2,152 | $2,191 | $2,204 | $2,221 | $2,233 |
| ▁▂▆▅▆▇██ | Total Deposits ($M) | $1,979 | $2,008 | $2,132 | $2,115 | $2,136 | $2,163 | $2,174 | $2,200 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 24% |