Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.08 | 1.01% |
| Return on Equity (%) | ▲ | 7.98% | +0.85 | 7.13% |
| Net Interest Margin (%) | ▼ | 3.14% | -0.27 | 3.42% |
| Efficiency Ratio (%) | ▲ | 56.65% | -2.21 | 58.86% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.39 | $7 |
| Cost of Funds (%) | ▲ | 2.65% | -0.07 | 2.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,966 | +151.48 | $1,815 |
| Gross Loans ($M) | ▲ | $1,524 | +61.92 | $1,462 |
| Loan Growth YoY (%) | ▼ | 90.52% | -4.31 | 94.83% |
| Total Deposits ($M) | ▲ | $1,664 | +138.99 | $1,525 |
| Shareholders Equity ($M) | ▲ | $275 | +14.16 | $261 |
| Tang. Book Value ($M) | ▲ | $266 | +13.87 | $252 |
| TBV excl. AOCI ($M)** | ▲ | $269 | +13.77 | $256 |
| Loan / Deposit Ratio (%) | ▼ | 90.52% | -4.31 | 94.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.52% | -0.04 | 1.56% |
| Allowance / Loans (%) | — | 1.14% | 0.08% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.88% | +0.15 | 1.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.65% | -0.28 | 18.94% |
Noninterest income ($3.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▅▄▄▁▁ | Net Interest Margin (%) | 3.76% | 3.72% | 3.39% | 3.42% | 3.41% | 3.38% | 3.08% | 3.14% |
| ██▁▁▁▁▅▃ | Return on Assets (%) | 1.34% | 1.33% | 1.02% | 1.01% | 1.00% | 0.98% | 1.16% | 1.09% |
| ▁▁▇▇██▁▄ | Efficiency Ratio (%) | 54.4% | 54.4% | 59.1% | 58.9% | 59.4% | 60.0% | 53.8% | 56.7% |
| ██▆▄▁▇▃▂ | Cost of Funds (%) | 2.92% | 2.89% | 2.79% | 2.72% | 2.57% | 2.83% | 2.68% | 2.65% |
| ▁▆▅█▆▇██ | NPA / Assets (%) | 0.85% | 1.32% | 1.28% | 1.56% | 1.31% | 1.39% | 1.52% | 1.52% |
| ▁▆▄▇▇▅▇█ | Net Charge-Off Ratio (%) | 1.03% | 1.63% | 1.38% | 1.74% | 1.76% | 1.53% | 1.68% | 1.88% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $240 | $245 | $249 | $252 | $256 | $260 | $264 | $266 |
| ▁▂▃▄▃▄▄█ | Gross Loans ($M) | $1,421 | $1,438 | $1,451 | $1,462 | $1,448 | $1,463 | $1,467 | $1,524 |
| ▁▂▁▃▇██▇ | Total Deposits ($M) | $1,449 | $1,481 | $1,478 | $1,525 | $1,667 | $1,708 | $1,687 | $1,664 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 33% |