Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.16 | 1.82% |
| Return on Equity (%) | ▲ | 23.45% | +2.80 | 20.65% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.18 | 2.94% |
| Efficiency Ratio (%) | ▲ | 49.39% | -2.30 | 51.69% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.55 | $7 |
| Cost of Funds (%) | ▲ | 2.51% | -0.14 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,366 | +121.16 | $1,245 |
| Gross Loans ($M) | ▲ | $804 | +111.58 | $692 |
| Loan Growth YoY (%) | ▲ | 70.70% | +5.42 | 65.28% |
| Total Deposits ($M) | ▲ | $1,126 | +76.27 | $1,050 |
| Shareholders Equity ($M) | ▲ | $121 | +17.48 | $103 |
| Tang. Book Value ($M) | ▲ | $121 | +17.48 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +17.44 | $128 |
| Loan / Deposit Ratio (%) | ▲ | 70.70% | +5.42 | 65.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 0.92% | -0.05% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.02% | +0.38 | 13.64% |
Noninterest income ($6.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▃▃██ | Net Interest Margin (%) | 2.83% | 2.90% | 2.91% | 2.94% | 2.94% | 2.94% | 3.13% | 3.12% |
| ▄▆▃▃▃▁██ | Return on Assets (%) | 1.86% | 1.91% | 1.82% | 1.82% | 1.82% | 1.76% | 1.95% | 1.98% |
| █▅▆█▇▄▂▁ | Efficiency Ratio (%) | 51.8% | 50.9% | 51.1% | 51.7% | 51.2% | 50.5% | 49.8% | 49.4% |
| █▆▁▄▅▃▂▃ | Cost of Funds (%) | 3.09% | 2.82% | 2.30% | 2.65% | 2.78% | 2.56% | 2.46% | 2.51% |
| ▁▁▁▁▇▆▇█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▁▇▆▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% | 0.01% | 0.02% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $99 | $98 | $101 | $103 | $108 | $113 | $116 | $121 |
| ▁▁▂▂▄███ | Gross Loans ($M) | $665 | $670 | $702 | $692 | $721 | $814 | $808 | $804 |
| ▁▁▄▄▇█▇▆ | Total Deposits ($M) | $897 | $867 | $1,029 | $1,050 | $1,159 | $1,242 | $1,186 | $1,126 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 33% |