Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.18% | -0.03 | 1.21% |
| Return on Equity (%) | ▼ | 11.91% | -1.53 | 13.44% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.17 | 3.68% |
| Efficiency Ratio (%) | ▲ | 68.93% | -0.60 | 69.52% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.57 | $7 |
| Cost of Funds (%) | ▲ | 1.21% | -0.18 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,764 | +71.27 | $1,693 |
| Gross Loans ($M) | ▲ | $1,281 | +121.76 | $1,160 |
| Loan Growth YoY (%) | ▲ | 80.99% | +5.11 | 75.88% |
| Total Deposits ($M) | ▲ | $1,569 | +53.72 | $1,515 |
| Shareholders Equity ($M) | ▲ | $175 | +17.21 | $157 |
| Tang. Book Value ($M) | ▲ | $175 | +17.21 | $157 |
| TBV excl. AOCI ($M)** | ▲ | $193 | +16.85 | $176 |
| Loan / Deposit Ratio (%) | ▲ | 80.99% | +5.11 | 75.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.01 | 0.28% |
| Allowance / Loans (%) | — | 0.83% | -0.01% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.01 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.55% | -0.24 | 14.79% |
Noninterest income ($7.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.54% | 3.57% | 3.62% | 3.68% | 3.72% | 3.76% | 3.78% | 3.86% |
| ▂▁▂▇▂█▁▆ | Return on Assets (%) | 1.12% | 1.07% | 1.12% | 1.21% | 1.12% | 1.24% | 1.09% | 1.18% |
| ▆█▂▂▅▁▃▁ | Efficiency Ratio (%) | 71.5% | 73.0% | 69.6% | 69.5% | 71.2% | 68.7% | 69.8% | 68.9% |
| █▇▄▄▄▄▂▁ | Cost of Funds (%) | 1.60% | 1.53% | 1.37% | 1.39% | 1.39% | 1.40% | 1.28% | 1.21% |
| ▁▇█▆█▂▆█ | NPA / Assets (%) | 0.24% | 0.29% | 0.30% | 0.28% | 0.29% | 0.25% | 0.28% | 0.29% |
| ▁▅█▇█▁▄▆ | Net Charge-Off Ratio (%) | 0.35% | 0.39% | 0.43% | 0.42% | 0.43% | 0.35% | 0.39% | 0.41% |
| ▂▁▃▄▅▇██ | Tang. Book Value ($M) | $150 | $144 | $152 | $157 | $163 | $170 | $171 | $175 |
| ▁▁▂▂▄▅▇█ | Gross Loans ($M) | $1,125 | $1,140 | $1,153 | $1,160 | $1,185 | $1,206 | $1,245 | $1,281 |
| ▁▁▄▄▇▃▆█ | Total Deposits ($M) | $1,482 | $1,486 | $1,519 | $1,515 | $1,554 | $1,511 | $1,542 | $1,569 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 8% |