Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.17 | 0.78% |
| Return on Equity (%) | ▲ | 5.82% | +1.08 | 4.74% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.32 | 2.73% |
| Efficiency Ratio (%) | ▲ | 58.58% | -8.08 | 66.66% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.38 | $5 |
| Cost of Funds (%) | ▲ | 2.36% | -0.35 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,384 | +16.50 | $2,367 |
| Gross Loans ($M) | ▲ | $1,834 | +0.55 | $1,834 |
| Loan Growth YoY (%) | ▼ | 96.10% | -0.82 | 96.92% |
| Total Deposits ($M) | ▲ | $1,879 | +11.92 | $1,867 |
| Shareholders Equity ($M) | ▲ | $394 | +5.14 | $389 |
| Tang. Book Value ($M) | ▲ | $277 | +6.97 | $270 |
| TBV excl. AOCI ($M)** | ▲ | $291 | +8.37 | $283 |
| Loan / Deposit Ratio (%) | ▼ | 96.10% | -0.82 | 96.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.16 | 0.54% |
| Allowance / Loans (%) | — | 1.53% | 0.24% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.19 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.19% | -0.31 | 13.50% |
Noninterest income ($3.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▂▄██ | Net Interest Margin (%) | 2.73% | 2.77% | 2.68% | 2.73% | 2.78% | 2.86% | 3.10% | 3.05% |
| █▇▁▁▄▅█▄ | Return on Assets (%) | 1.19% | 1.12% | 0.71% | 0.78% | 0.96% | 1.00% | 1.23% | 0.95% |
| ▂▃██▃▅▁▁ | Efficiency Ratio (%) | 60.5% | 61.1% | 65.7% | 66.7% | 61.5% | 63.6% | 58.6% | 58.6% |
| █▆▄▅▄▄▁▁ | Cost of Funds (%) | 3.09% | 2.87% | 2.67% | 2.70% | 2.68% | 2.59% | 2.29% | 2.36% |
| ▁▄▄▄█▇▇▇ | NPA / Assets (%) | 0.29% | 0.52% | 0.51% | 0.54% | 0.79% | 0.69% | 0.68% | 0.69% |
| ▁▄▄▅█▇▆▇ | Net Charge-Off Ratio (%) | 0.37% | 0.66% | 0.64% | 0.69% | 1.02% | 0.87% | 0.83% | 0.88% |
| ▁▂▄▆▆▇██ | Tang. Book Value ($M) | $258 | $261 | $265 | $270 | $270 | $273 | $276 | $277 |
| ▃▂▁▃█▆█▄ | Gross Loans ($M) | $1,832 | $1,815 | $1,795 | $1,834 | $1,896 | $1,866 | $1,899 | $1,834 |
| ▁▄▆█▅▅▁█ | Total Deposits ($M) | $1,779 | $1,824 | $1,842 | $1,867 | $1,836 | $1,834 | $1,776 | $1,879 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 22% |