Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.18 | 1.01% |
| Return on Equity (%) | ▲ | 10.86% | +1.49 | 9.37% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.18 | 3.52% |
| Efficiency Ratio (%) | ▲ | 61.23% | -4.92 | 66.15% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.86 | $3 |
| Cost of Funds (%) | ▲ | 2.07% | -0.12 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,103 | +197.86 | $905 |
| Gross Loans ($M) | ▲ | $817 | +61.41 | $755 |
| Loan Growth YoY (%) | ▼ | 88.91% | -14.30 | 103.21% |
| Total Deposits ($M) | ▲ | $905 | +183.63 | $722 |
| Shareholders Equity ($M) | ▲ | $114 | +10.00 | $104 |
| Tang. Book Value ($M) | ▲ | $105 | +10.24 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +10.79 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 88.91% | -14.30 | 103.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.33 | 0.05% |
| Allowance / Loans (%) | — | 1.45% | 0.06% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.45 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.02% | +0.29 | 11.73% |
Noninterest income ($1.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▇█▇ | Net Interest Margin (%) | 3.21% | 3.31% | 3.43% | 3.52% | 3.63% | 3.71% | 3.78% | 3.70% |
| ▁▃▁▂▄▅█▇ | Return on Assets (%) | 0.96% | 1.02% | 0.93% | 1.01% | 1.08% | 1.12% | 1.26% | 1.19% |
| █▇██▅▃▁▁ | Efficiency Ratio (%) | 66.8% | 65.8% | 66.7% | 66.2% | 64.4% | 62.6% | 60.9% | 61.2% |
| █▇▄▄▁▃▁▃ | Cost of Funds (%) | 2.48% | 2.37% | 2.17% | 2.19% | 1.98% | 2.08% | 1.92% | 2.07% |
| ▆▁▁▁▂▇██ | NPA / Assets (%) | 0.26% | 0.03% | 0.00% | 0.05% | 0.07% | 0.35% | 0.41% | 0.38% |
| ▆▁▁▁▂▇██ | Net Charge-Off Ratio (%) | 0.35% | 0.04% | 0.00% | 0.05% | 0.09% | 0.43% | 0.50% | 0.51% |
| ▁▁▂▄▆▆▇█ | Tang. Book Value ($M) | $87 | $88 | $92 | $95 | $99 | $99 | $102 | $105 |
| ▁▃▃▄▅▆██ | Gross Loans ($M) | $704 | $735 | $738 | $755 | $772 | $777 | $814 | $817 |
| ▄▄▄▁▂▂▄█ | Total Deposits ($M) | $806 | $796 | $807 | $722 | $758 | $759 | $806 | $905 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 16% |