Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.19 | 0.82% |
| Return on Equity (%) | ▲ | 10.08% | +1.02 | 9.06% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.30 | 3.13% |
| Efficiency Ratio (%) | ▲ | 60.42% | -5.80 | 66.22% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.39 | $5 |
| Cost of Funds (%) | ▲ | 2.55% | -0.36 | 2.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,641 | +188.52 | $1,452 |
| Gross Loans ($M) | ▲ | $1,371 | +141.80 | $1,230 |
| Loan Growth YoY (%) | ▼ | 94.19% | -0.65 | 94.84% |
| Total Deposits ($M) | ▲ | $1,438 | +156.63 | $1,281 |
| Shareholders Equity ($M) | ▲ | $162 | +25.99 | $136 |
| Tang. Book Value ($M) | ▲ | $152 | +22.59 | $130 |
| TBV excl. AOCI ($M)** | ▲ | $155 | +22.77 | $132 |
| Loan / Deposit Ratio (%) | ▼ | 94.19% | -0.65 | 94.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.50% | +0.42 | 1.07% |
| Allowance / Loans (%) | — | 1.27% | 0.07% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 1.54% | +0.28 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.35% | +0.39 | 11.96% |
Noninterest income ($6.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆▇█ | Net Interest Margin (%) | 2.79% | 2.85% | 3.00% | 3.13% | 3.19% | 3.21% | 3.31% | 3.42% |
| ▁▁▄▄▅▅██ | Return on Assets (%) | 0.64% | 0.63% | 0.82% | 0.82% | 0.84% | 0.83% | 1.01% | 1.01% |
| ██▅▄▄▄▂▁ | Efficiency Ratio (%) | 72.1% | 71.9% | 66.5% | 66.2% | 65.3% | 65.6% | 62.1% | 60.4% |
| █▇▄▄▃▃▁▁ | Cost of Funds (%) | 3.39% | 3.27% | 2.89% | 2.91% | 2.82% | 2.85% | 2.57% | 2.55% |
| ▁▂▄▅████ | NPA / Assets (%) | 0.34% | 0.64% | 0.89% | 1.07% | 1.43% | 1.52% | 1.56% | 1.50% |
| ▁▃▅▆████ | Net Charge-Off Ratio (%) | 0.42% | 0.75% | 1.05% | 1.27% | 1.50% | 1.57% | 1.62% | 1.54% |
| ▁▁▁▃▄███ | Tang. Book Value ($M) | $119 | $119 | $122 | $130 | $132 | $149 | $150 | $152 |
| ▁▂▃▄▅▅▆█ | Gross Loans ($M) | $1,129 | $1,176 | $1,198 | $1,230 | $1,270 | $1,278 | $1,303 | $1,371 |
| ▁▁▁▃▇▅▆█ | Total Deposits ($M) | $1,216 | $1,228 | $1,237 | $1,281 | $1,384 | $1,353 | $1,363 | $1,438 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 41% |