Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +1.12 | -0.10% |
| Return on Equity (%) | ▲ | 8.64% | +9.68 | -1.04% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.58 | 3.26% |
| Efficiency Ratio (%) | ▲ | 62.53% | -4.16 | 66.69% |
| Pre-Provision Profit ($M) | ▲ | $11 | +2.82 | $8 |
| Cost of Funds (%) | ▲ | 1.53% | -0.20 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,847 | -187.74 | $2,035 |
| Gross Loans ($M) | ▲ | $1,505 | +63.39 | $1,442 |
| Loan Growth YoY (%) | ▲ | 92.76% | +12.23 | 80.53% |
| Total Deposits ($M) | ▼ | $1,603 | -167.56 | $1,771 |
| Shareholders Equity ($M) | ▲ | $222 | +17.66 | $205 |
| Tang. Book Value ($M) | ▲ | $222 | +17.36 | $204 |
| TBV excl. AOCI ($M)** | ▲ | $227 | +16.94 | $210 |
| Loan / Deposit Ratio (%) | ▲ | 92.76% | +12.23 | 80.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.02 | 0.85% |
| Allowance / Loans (%) | — | 1.22% | 0.11% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 1.07% | -0.13 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.29% | +0.15 | 14.14% |
Noninterest income ($8.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▇█ | Net Interest Margin (%) | 3.03% | 3.07% | 3.08% | 3.26% | 3.45% | 3.52% | 3.69% | 3.84% |
| ██▁▅▆▇██ | Return on Assets (%) | 0.75% | 0.92% | -1.41% | -0.10% | 0.34% | 0.50% | 0.88% | 1.02% |
| █▅▇▄▃▄▄▁ | Efficiency Ratio (%) | 72.2% | 68.5% | 71.0% | 66.7% | 65.2% | 66.3% | 66.5% | 62.5% |
| ██▇▃▃▃▂▁ | Cost of Funds (%) | 2.16% | 2.17% | 2.06% | 1.72% | 1.74% | 1.70% | 1.65% | 1.53% |
| ▁▁██▆▇██ | NPA / Assets (%) | 0.14% | 0.11% | 0.89% | 0.85% | 0.69% | 0.77% | 0.81% | 0.88% |
| ▁▁██▆▇▇█ | Net Charge-Off Ratio (%) | 0.18% | 0.14% | 1.16% | 1.20% | 0.91% | 0.98% | 1.02% | 1.07% |
| ▁▁▆▇▇███ | Tang. Book Value ($M) | $145 | $147 | $199 | $204 | $212 | $217 | $218 | $222 |
| ▆▄▂▁▃▅▃█ | Gross Loans ($M) | $1,487 | $1,470 | $1,455 | $1,442 | $1,463 | $1,478 | $1,464 | $1,505 |
| ▁▂▃█▄▃▂▃ | Total Deposits ($M) | $1,547 | $1,577 | $1,620 | $1,771 | $1,657 | $1,608 | $1,600 | $1,603 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 16% |