Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.04 | 1.33% |
| Return on Equity (%) | ▼ | 8.89% | -0.89 | 9.78% |
| Net Interest Margin (%) | ▼ | 3.83% | -0.07 | 3.90% |
| Efficiency Ratio (%) | ▼ | 55.57% | +0.06 | 55.51% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.09 | $7 |
| Cost of Funds (%) | ▲ | 1.11% | -0.26 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,631 | -24.99 | $1,656 |
| Gross Loans ($M) | ▼ | $652 | -20.71 | $673 |
| Loan Growth YoY (%) | ▼ | 54.80% | -2.58 | 57.38% |
| Total Deposits ($M) | ▲ | $1,170 | +16.90 | $1,153 |
| Shareholders Equity ($M) | ▲ | $254 | +28.35 | $225 |
| Tang. Book Value ($M) | ▲ | $214 | +28.35 | $185 |
| TBV excl. AOCI ($M)** | ▲ | $245 | +28.10 | $217 |
| Loan / Deposit Ratio (%) | ▼ | 54.80% | -2.58 | 57.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.03 | 0.32% |
| Allowance / Loans (%) | — | 1.73% | 0.03% | 1.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.56 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.92% | +2.83 | 19.09% |
Noninterest income ($4.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▂▃▅▅▁▂ | Net Interest Margin (%) | 4.16% | 4.14% | 3.86% | 3.90% | 3.97% | 4.00% | 3.77% | 3.83% |
| ██▁▂▂▄▂▃ | Return on Assets (%) | 1.74% | 1.72% | 1.23% | 1.33% | 1.35% | 1.44% | 1.31% | 1.37% |
| ▁▁▇▇█▆▇▇ | Efficiency Ratio (%) | 49.9% | 50.1% | 55.8% | 55.5% | 57.3% | 54.9% | 55.6% | 55.6% |
| ▆█▇█▇▅▂▁ | Cost of Funds (%) | 1.28% | 1.38% | 1.34% | 1.37% | 1.35% | 1.26% | 1.18% | 1.11% |
| ▆▅▅▂▂▁█▂ | NPA / Assets (%) | 0.95% | 0.86% | 0.83% | 0.32% | 0.29% | 0.07% | 1.36% | 0.30% |
| ▅▄▄▁▁▁█▂ | Net Charge-Off Ratio (%) | 1.76% | 1.45% | 1.38% | 0.10% | 0.13% | 0.10% | 3.31% | 0.66% |
| ▃▂▁▃▅▇▇█ | Tang. Book Value ($M) | $185 | $183 | $175 | $185 | $197 | $206 | $209 | $214 |
| ▁▁▄▇██▄▅ | Gross Loans ($M) | $617 | $618 | $644 | $673 | $684 | $684 | $646 | $652 |
| ▃▄█▅▄▁▇█ | Total Deposits ($M) | $1,139 | $1,141 | $1,176 | $1,153 | $1,147 | $1,119 | $1,166 | $1,170 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 3% |