Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.01 | 1.16% |
| Return on Equity (%) | ▼ | 12.94% | -0.02 | 12.96% |
| Net Interest Margin (%) | ▼ | 3.73% | -0.03 | 3.76% |
| Efficiency Ratio (%) | ▲ | 58.60% | -2.27 | 60.87% |
| Pre-Provision Profit ($M) | ▲ | $11 | +2.84 | $8 |
| Cost of Funds (%) | ▲ | 2.05% | -0.43 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,132 | +282.76 | $1,849 |
| Gross Loans ($M) | ▲ | $1,726 | +229.78 | $1,496 |
| Loan Growth YoY (%) | ▲ | 96.48% | +2.82 | 93.66% |
| Total Deposits ($M) | ▲ | $1,767 | +189.13 | $1,578 |
| Shareholders Equity ($M) | ▲ | $194 | +24.62 | $169 |
| Tang. Book Value ($M) | ▲ | $194 | +24.62 | $169 |
| TBV excl. AOCI ($M)** | ▲ | $205 | +27.15 | $178 |
| Loan / Deposit Ratio (%) | ▲ | 96.48% | +2.82 | 93.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.35 | 0.32% |
| Allowance / Loans (%) | — | 1.20% | 0.00% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.64 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.73% | -0.17 | 10.90% |
Noninterest income ($4.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂████▆▇ | Net Interest Margin (%) | 3.51% | 3.56% | 3.76% | 3.76% | 3.76% | 3.76% | 3.69% | 3.73% |
| ▁▁█▅▅▅▂▅ | Return on Assets (%) | 1.07% | 1.06% | 1.24% | 1.16% | 1.17% | 1.17% | 1.09% | 1.17% |
| ██▂▄▄▅▅▁ | Efficiency Ratio (%) | 64.0% | 63.9% | 59.8% | 60.9% | 60.9% | 61.7% | 61.8% | 58.6% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.99% | 2.70% | 2.48% | 2.48% | 2.46% | 2.22% | 2.06% | 2.05% |
| ▂▂█▂▁▁▇▆ | NPA / Assets (%) | 0.31% | 0.32% | 0.83% | 0.32% | 0.26% | 0.19% | 0.72% | 0.66% |
| ▁▁█▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.65% | 0.04% | 0.04% | 0.03% | 0.73% | 0.68% |
| ▁▂▃▄▆▆▇█ | Tang. Book Value ($M) | $150 | $157 | $164 | $169 | $178 | $183 | $186 | $194 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $1,412 | $1,455 | $1,492 | $1,496 | $1,534 | $1,604 | $1,665 | $1,726 |
| ▁▂▃▂▅█▇▇ | Total Deposits ($M) | $1,534 | $1,606 | $1,633 | $1,578 | $1,705 | $1,839 | $1,794 | $1,767 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 39% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 2% |