Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.08 | 0.56% |
| Return on Equity (%) | ▲ | 4.15% | +0.45 | 3.70% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.14 | 2.71% |
| Efficiency Ratio (%) | ▲ | 75.72% | -2.81 | 78.53% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.42 | $4 |
| Cost of Funds (%) | ▲ | 1.07% | -0.02 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,229 | +110.65 | $2,119 |
| Gross Loans ($M) | ▼ | $1,212 | -18.19 | $1,230 |
| Loan Growth YoY (%) | ▼ | 64.83% | -4.09 | 68.92% |
| Total Deposits ($M) | ▲ | $1,859 | +83.84 | $1,775 |
| Shareholders Equity ($M) | ▲ | $343 | +17.69 | $326 |
| Tang. Book Value ($M) | ▲ | $341 | +18.02 | $323 |
| TBV excl. AOCI ($M)** | ▲ | $374 | +25.09 | $348 |
| Loan / Deposit Ratio (%) | ▼ | 64.83% | -4.09 | 68.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.02 | 0.12% |
| Allowance / Loans (%) | — | 0.54% | 0.02% | 0.52% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.05 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆▇█ | Net Interest Margin (%) | 2.47% | 2.51% | 2.67% | 2.71% | 2.74% | 2.74% | 2.76% | 2.85% |
| ▁▂▃▅▇▇▄█ | Return on Assets (%) | 0.47% | 0.50% | 0.52% | 0.56% | 0.59% | 0.61% | 0.55% | 0.63% |
| █▇▆▄▂▃▄▁ | Efficiency Ratio (%) | 81.5% | 80.7% | 79.6% | 78.5% | 77.1% | 77.2% | 78.5% | 75.7% |
| ▇▇▁▅██▁▃ | Cost of Funds (%) | 1.12% | 1.12% | 1.04% | 1.10% | 1.14% | 1.13% | 1.04% | 1.07% |
| ▂▁▂▇▇▆▆█ | NPA / Assets (%) | 0.06% | 0.05% | 0.06% | 0.12% | 0.12% | 0.12% | 0.12% | 0.14% |
| ▁▁▂▆▇▆▇█ | Net Charge-Off Ratio (%) | 0.10% | 0.08% | 0.11% | 0.20% | 0.21% | 0.21% | 0.22% | 0.25% |
| ▂▁▃▄▆▇██ | Tang. Book Value ($M) | $311 | $306 | $316 | $323 | $330 | $336 | $338 | $341 |
| █▆▆▇▄▃▁▄ | Gross Loans ($M) | $1,240 | $1,229 | $1,224 | $1,230 | $1,217 | $1,206 | $1,194 | $1,212 |
| ▁▁▄▃▄▅█▇ | Total Deposits ($M) | $1,711 | $1,729 | $1,805 | $1,775 | $1,786 | $1,816 | $1,907 | $1,859 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 2% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 3% |