Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.21 | 0.99% |
| Return on Equity (%) | ▲ | 12.57% | +0.73 | 11.84% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.08 | 3.15% |
| Efficiency Ratio (%) | ▲ | 55.81% | -3.67 | 59.48% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.66 | $10 |
| Cost of Funds (%) | ▲ | 2.57% | -0.23 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,746 | +182.41 | $2,564 |
| Gross Loans ($M) | ▲ | $2,280 | +188.77 | $2,092 |
| Loan Growth YoY (%) | ▲ | 95.06% | +3.55 | 91.51% |
| Total Deposits ($M) | ▲ | $2,369 | +112.44 | $2,257 |
| Shareholders Equity ($M) | ▲ | $264 | +52.63 | $211 |
| Tang. Book Value ($M) | ▲ | $254 | +52.93 | $201 |
| TBV excl. AOCI ($M)** | ▲ | $264 | +54.31 | $210 |
| Loan / Deposit Ratio (%) | ▲ | 95.06% | +3.55 | 91.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.74% | +0.80 | 0.94% |
| Allowance / Loans (%) | — | 1.23% | -0.02% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 2.09% | +1.00 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.10% | +1.20 | 10.90% |
Noninterest income ($5.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▅▆▇█▇ | Net Interest Margin (%) | 3.04% | 3.04% | 3.00% | 3.15% | 3.20% | 3.25% | 3.29% | 3.23% |
| ▂▁▁▂▃▄▇█ | Return on Assets (%) | 0.98% | 0.95% | 0.94% | 0.99% | 1.02% | 1.05% | 1.16% | 1.20% |
| ▇▇█▆▄▃▁▁ | Efficiency Ratio (%) | 59.9% | 59.9% | 61.1% | 59.5% | 57.9% | 57.7% | 55.9% | 55.8% |
| █▇▃▄▃▃▁▁ | Cost of Funds (%) | 3.15% | 3.06% | 2.78% | 2.80% | 2.78% | 2.74% | 2.60% | 2.57% |
| ▁▃▃▂▄▅██ | NPA / Assets (%) | 0.73% | 1.13% | 1.09% | 0.94% | 1.18% | 1.32% | 1.82% | 1.74% |
| ▁▃▃▂▄▅██ | Net Charge-Off Ratio (%) | 0.84% | 1.30% | 1.27% | 1.09% | 1.39% | 1.59% | 2.19% | 2.09% |
| ▁▁▁▂▃▇██ | Tang. Book Value ($M) | $191 | $192 | $198 | $201 | $209 | $242 | $248 | $254 |
| ▁▁▃▄▆▇██ | Gross Loans ($M) | $1,939 | $1,961 | $2,048 | $2,092 | $2,158 | $2,205 | $2,244 | $2,280 |
| ▁▁▄▆▆▆██ | Total Deposits ($M) | $2,066 | $2,029 | $2,191 | $2,257 | $2,276 | $2,282 | $2,328 | $2,369 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 30% |
| Brokered / Other | 46% |