Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +1.41 | -0.01% |
| Return on Equity (%) | ▲ | 13.04% | +13.14 | -0.10% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.75 | 3.09% |
| Efficiency Ratio (%) | ▲ | 58.10% | -6.04 | 64.13% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.51 | $10 |
| Cost of Funds (%) | ▲ | 1.32% | -0.36 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,818 | -32.46 | $2,851 |
| Gross Loans ($M) | ▲ | $2,370 | +234.95 | $2,135 |
| Loan Growth YoY (%) | ▲ | 98.87% | +13.71 | 85.16% |
| Total Deposits ($M) | ▼ | $2,371 | -108.75 | $2,480 |
| Shareholders Equity ($M) | ▲ | $304 | +37.91 | $267 |
| Tang. Book Value ($M) | ▲ | $282 | +37.97 | $244 |
| TBV excl. AOCI ($M)** | ▲ | $296 | +37.13 | $259 |
| Loan / Deposit Ratio (%) | ▲ | 98.87% | +13.71 | 85.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.10 | 0.29% |
| Allowance / Loans (%) | — | 1.06% | 0.00% | 1.06% |
| Net Charge-Off Ratio (%) | — | 0.38% | 0.00 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.84% | +0.35 | 13.49% |
Noninterest income ($5.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.79% | 2.85% | 3.03% | 3.09% | 3.28% | 3.42% | 3.80% | 3.84% |
| ▅▅▅▁▃▄██ | Return on Assets (%) | 0.86% | 0.86% | 0.88% | -0.01% | 0.40% | 0.60% | 1.44% | 1.40% |
| ██▆▆▄▄▁▂ | Efficiency Ratio (%) | 68.9% | 68.7% | 64.9% | 64.1% | 62.4% | 61.2% | 56.0% | 58.1% |
| █▆▅▅▃▁▁▁ | Cost of Funds (%) | 2.01% | 1.84% | 1.70% | 1.69% | 1.53% | 1.40% | 1.33% | 1.32% |
| █▄▆▁▁▁▄█ | NPA / Assets (%) | 0.40% | 0.34% | 0.36% | 0.29% | 0.29% | 0.29% | 0.34% | 0.39% |
| █▅▆▃▁▁▁▃ | Net Charge-Off Ratio (%) | 0.53% | 0.43% | 0.47% | 0.38% | 0.35% | 0.35% | 0.33% | 0.38% |
| ▁▁▂▅▆▇██ | Tang. Book Value ($M) | $193 | $187 | $200 | $244 | $255 | $265 | $274 | $282 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $2,029 | $2,071 | $2,098 | $2,135 | $2,205 | $2,272 | $2,314 | $2,370 |
| █▅▇█▄▁▂▄ | Total Deposits ($M) | $2,457 | $2,401 | $2,437 | $2,480 | $2,369 | $2,280 | $2,323 | $2,371 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |