Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.23 | 0.40% |
| Return on Equity (%) | ▲ | 6.44% | +2.30 | 4.14% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.36 | 2.72% |
| Efficiency Ratio (%) | ▲ | 72.08% | -4.32 | 76.40% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.86 | $6 |
| Cost of Funds (%) | ▲ | 2.49% | -0.44 | 2.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,335 | +24.20 | $2,311 |
| Gross Loans ($M) | ▲ | $2,001 | +23.78 | $1,977 |
| Loan Growth YoY (%) | ▼ | 98.44% | -1.76 | 100.20% |
| Total Deposits ($M) | ▲ | $2,013 | +61.49 | $1,952 |
| Shareholders Equity ($M) | ▲ | $236 | +13.57 | $222 |
| Tang. Book Value ($M) | ▲ | $211 | +14.05 | $196 |
| TBV excl. AOCI ($M)** | ▲ | $217 | +15.53 | $202 |
| Loan / Deposit Ratio (%) | ▼ | 98.44% | -1.76 | 100.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.24% | +0.49 | 0.75% |
| Allowance / Loans (%) | — | 0.96% | -0.13% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.42% | +0.54 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.59% | +0.43 | 13.16% |
Noninterest income ($2.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 2.42% | 2.45% | 2.71% | 2.72% | 2.75% | 2.80% | 3.05% | 3.08% |
| ▆▇▁▃▅▂▃█ | Return on Assets (%) | 0.54% | 0.59% | 0.32% | 0.40% | 0.48% | 0.38% | 0.42% | 0.63% |
| ▁▁█▄▃▂▅▃ | Efficiency Ratio (%) | 67.3% | 67.4% | 85.5% | 76.4% | 72.7% | 70.8% | 78.6% | 72.1% |
| █▆▅▄▄▂▁▁ | Cost of Funds (%) | 3.56% | 3.28% | 3.12% | 2.93% | 2.99% | 2.73% | 2.57% | 2.49% |
| ▂▃▁▃▃▅▇█ | NPA / Assets (%) | 0.66% | 0.71% | 0.51% | 0.75% | 0.74% | 0.93% | 1.07% | 1.24% |
| ▂▃▁▃▃▅▇█ | Net Charge-Off Ratio (%) | 0.76% | 0.82% | 0.59% | 0.88% | 0.86% | 1.08% | 1.22% | 1.42% |
| ▁▂▃▃▄▄▆█ | Tang. Book Value ($M) | $190 | $194 | $195 | $196 | $199 | $198 | $205 | $211 |
| █▄▁▁▄▆▆▅ | Gross Loans ($M) | $2,023 | $1,998 | $1,977 | $1,977 | $1,998 | $2,007 | $2,009 | $2,001 |
| ▂▂▁▂▃▇█▆ | Total Deposits ($M) | $1,959 | $1,955 | $1,936 | $1,952 | $1,976 | $2,029 | $2,052 | $2,013 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |