Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.49 | 0.92% |
| Return on Equity (%) | ▲ | 11.22% | +2.61 | 8.61% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.58 | 3.97% |
| Efficiency Ratio (%) | ▲ | 65.68% | -5.72 | 71.40% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.51 | $4 |
| Cost of Funds (%) | ▲ | 1.72% | -0.30 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,081 | +37.61 | $1,043 |
| Gross Loans ($M) | ▲ | $907 | +87.56 | $820 |
| Loan Growth YoY (%) | ▲ | 96.40% | +6.50 | 89.89% |
| Total Deposits ($M) | ▲ | $923 | +27.71 | $896 |
| Shareholders Equity ($M) | ▲ | $136 | +16.02 | $120 |
| Tang. Book Value ($M) | ▲ | $136 | +16.02 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +14.63 | $125 |
| Loan / Deposit Ratio (%) | ▲ | 96.40% | +6.50 | 89.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.15 | 0.15% |
| Allowance / Loans (%) | — | 1.92% | 0.11% | 1.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.19 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.99% | +0.43 | 12.56% |
Noninterest income ($4.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▃▃▄██ | Net Interest Margin (%) | 3.93% | 3.94% | 3.76% | 3.97% | 3.96% | 4.10% | 4.48% | 4.55% |
| ▁▂▂▂▃▄██ | Return on Assets (%) | 0.81% | 0.90% | 0.94% | 0.92% | 1.00% | 1.12% | 1.46% | 1.41% |
| ▆▃██▅▃▁▁ | Efficiency Ratio (%) | 69.3% | 67.1% | 71.1% | 71.4% | 68.9% | 67.1% | 65.3% | 65.7% |
| ██▃▆▆▄▁▁ | Cost of Funds (%) | 2.16% | 2.17% | 1.83% | 2.01% | 2.00% | 1.90% | 1.68% | 1.72% |
| ▁▁▁█▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $110 | $112 | $116 | $120 | $124 | $129 | $133 | $136 |
| ▁▁▂▃▂▅▅█ | Gross Loans ($M) | $779 | $786 | $804 | $820 | $811 | $848 | $859 | $907 |
| ▅█▇▂█▁▁▄ | Total Deposits ($M) | $935 | $972 | $957 | $896 | $963 | $884 | $891 | $923 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 47% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 19% |