Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.31% | -0.34 | 2.65% |
| Return on Equity (%) | ▼ | 8.88% | -1.96 | 10.84% |
| Net Interest Margin (%) | ▼ | 4.99% | -0.46 | 5.45% |
| Efficiency Ratio (%) | ▼ | 31.65% | +3.21 | 28.45% |
| Pre-Provision Profit ($M) | ▼ | $10 | -1.56 | $11 |
| Cost of Funds (%) | ▲ | 1.75% | -0.27 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,175 | +37.85 | $1,137 |
| Gross Loans ($M) | ▲ | $944 | +14.38 | $930 |
| Loan Growth YoY (%) | ▼ | 111.14% | -0.18 | 111.32% |
| Total Deposits ($M) | ▲ | $838 | +13.74 | $824 |
| Shareholders Equity ($M) | ▲ | $303 | +18.30 | $285 |
| Tang. Book Value ($M) | ▲ | $302 | +18.50 | $284 |
| Loan / Deposit Ratio (%) | ▼ | 111.14% | -0.18 | 111.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.72% | +0.60 | 1.12% |
| Allowance / Loans (%) | — | 1.39% | 0.04% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 1.83% | +0.78 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▄▄▄▁▁ | Net Interest Margin (%) | 6.14% | 6.00% | 5.29% | 5.45% | 5.52% | 5.46% | 4.96% | 4.99% |
| █▇▂▃▄▃▁▁ | Return on Assets (%) | 3.32% | 3.13% | 2.51% | 2.65% | 2.69% | 2.56% | 2.26% | 2.31% |
| ▁▃▆▅▅███ | Efficiency Ratio (%) | 23.5% | 26.2% | 30.0% | 28.4% | 28.4% | 31.4% | 32.5% | 31.7% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.46% | 2.23% | 2.04% | 2.02% | 2.04% | 1.90% | 1.78% | 1.75% |
| ▁▂▁▁▁██▇ | NPA / Assets (%) | 1.08% | 1.18% | 1.11% | 1.12% | 1.03% | 1.91% | 1.89% | 1.72% |
| ▂▃▁▁▁██▇ | Net Charge-Off Ratio (%) | 1.11% | 1.25% | 1.08% | 1.05% | 0.97% | 2.03% | 2.00% | 1.83% |
| ▁▁▃▄▆▆██ | Tang. Book Value ($M) | $270 | $272 | $280 | $284 | $292 | $293 | $300 | $302 |
| ▁▁▄▇▆▇▇█ | Gross Loans ($M) | $845 | $849 | $893 | $930 | $912 | $921 | $930 | $944 |
| ██▆▄▃▁▂▆ | Total Deposits ($M) | $852 | $847 | $836 | $824 | $823 | $806 | $812 | $838 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 42% |