Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.22 | 1.36% |
| Return on Equity (%) | ▲ | 15.07% | +0.81 | 14.26% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.40 | 3.51% |
| Efficiency Ratio (%) | ▲ | 52.83% | -2.92 | 55.75% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.07 | $6 |
| Cost of Funds (%) | ▲ | 1.56% | -0.06 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,172 | +6.14 | $1,166 |
| Gross Loans ($M) | ▲ | $972 | +28.96 | $943 |
| Loan Growth YoY (%) | ▼ | 97.66% | -2.16 | 99.82% |
| Total Deposits ($M) | ▲ | $983 | +48.91 | $934 |
| Shareholders Equity ($M) | ▲ | $133 | +14.35 | $118 |
| Tang. Book Value ($M) | ▲ | $120 | +14.42 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +12.88 | $114 |
| Loan / Deposit Ratio (%) | ▼ | 97.66% | -2.16 | 99.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.72% | -0.08 | 0.79% |
| Allowance / Loans (%) | — | 1.22% | 0.10% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.12 | 0.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.79% | +1.20 | 13.60% |
Noninterest income ($2.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.28% | 3.31% | 3.37% | 3.51% | 3.59% | 3.63% | 3.75% | 3.90% |
| ▁▂▃▅▆▇▇█ | Return on Assets (%) | 1.14% | 1.22% | 1.25% | 1.36% | 1.46% | 1.49% | 1.50% | 1.58% |
| █▇▅▃▂▁▂▁ | Efficiency Ratio (%) | 60.6% | 58.8% | 57.4% | 55.8% | 54.1% | 53.8% | 54.0% | 52.8% |
| █▇▅▅▁▁▃▃ | Cost of Funds (%) | 1.71% | 1.67% | 1.63% | 1.62% | 1.52% | 1.50% | 1.57% | 1.56% |
| ▁▇██▇▄▄▇ | NPA / Assets (%) | 0.48% | 0.73% | 0.79% | 0.79% | 0.73% | 0.61% | 0.63% | 0.72% |
| ▁███▆▄▅▆ | Net Charge-Off Ratio (%) | 0.59% | 0.98% | 1.00% | 0.98% | 0.89% | 0.78% | 0.79% | 0.86% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $98 | $98 | $103 | $106 | $111 | $113 | $117 | $120 |
| ▁▂▄▄▆▆█▇ | Gross Loans ($M) | $913 | $929 | $941 | $943 | $964 | $966 | $985 | $972 |
| ▁▅▃▁▅█▆▃ | Total Deposits ($M) | $931 | $1,003 | $981 | $934 | $1,010 | $1,072 | $1,019 | $983 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |