Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.31% | -0.67 | 1.98% |
| Return on Equity (%) | ▼ | 10.06% | -5.13 | 15.19% |
| Net Interest Margin (%) | ▼ | 3.99% | -0.46 | 4.45% |
| Efficiency Ratio (%) | ▼ | 60.13% | +7.78 | 52.35% |
| Pre-Provision Profit ($M) | ▲ | $12 | +3.00 | $9 |
| Cost of Funds (%) | ▼ | 2.66% | +0.09 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,427 | +199.01 | $1,228 |
| Gross Loans ($M) | ▲ | $1,098 | +181.33 | $917 |
| Loan Growth YoY (%) | ▲ | 88.98% | +1.98 | 87.00% |
| Total Deposits ($M) | ▲ | $1,220 | +176.96 | $1,043 |
| Shareholders Equity ($M) | ▲ | $186 | +21.52 | $164 |
| Tang. Book Value ($M) | ▲ | $174 | +18.99 | $155 |
| TBV excl. AOCI ($M)** | ▲ | $179 | +18.62 | $161 |
| Loan / Deposit Ratio (%) | ▲ | 88.98% | +1.98 | 87.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.22% | +2.72 | 1.50% |
| Allowance / Loans (%) | — | 1.13% | 0.13% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 4.96% | +2.96 | 2.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▄▄▄▁▁ | Net Interest Margin (%) | 5.06% | 4.96% | 4.45% | 4.45% | 4.45% | 4.45% | 3.97% | 3.99% |
| ████▇█▁▄ | Return on Assets (%) | 2.08% | 2.12% | 2.01% | 1.98% | 1.87% | 2.00% | 0.66% | 1.31% |
| ▁▁▁▁▁▁█▃ | Efficiency Ratio (%) | 54.4% | 52.0% | 53.2% | 52.4% | 53.6% | 53.2% | 74.2% | 60.1% |
| █▇▁▄▄▆▄▆ | Cost of Funds (%) | 2.76% | 2.69% | 2.44% | 2.57% | 2.57% | 2.66% | 2.56% | 2.66% |
| ▁▂▃▃▆▅▆█ | NPA / Assets (%) | 0.52% | 1.27% | 1.72% | 1.50% | 2.89% | 2.76% | 3.18% | 4.22% |
| ▁▂▄▃▆▅▆█ | Net Charge-Off Ratio (%) | 0.64% | 1.67% | 2.30% | 2.00% | 3.45% | 3.28% | 3.61% | 4.96% |
| ▁▁▅▅▆▇██ | Tang. Book Value ($M) | $125 | $129 | $150 | $155 | $160 | $168 | $169 | $174 |
| ▁▁▂▃▆▅██ | Gross Loans ($M) | $849 | $849 | $885 | $917 | $1,007 | $1,005 | $1,100 | $1,098 |
| ▁▂▃▄▆▇██ | Total Deposits ($M) | $890 | $962 | $1,007 | $1,043 | $1,103 | $1,153 | $1,186 | $1,220 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 13% |