Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.21 | 0.74% |
| Return on Equity (%) | ▲ | 8.56% | +1.43 | 7.13% |
| Net Interest Margin (%) | ▲ | 3.07% | +0.31 | 2.76% |
| Efficiency Ratio (%) | ▲ | 73.01% | -4.73 | 77.74% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.73 | $5 |
| Cost of Funds (%) | ▲ | 1.13% | -0.02 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,702 | +105.05 | $1,597 |
| Gross Loans ($M) | ▲ | $1,024 | +20.56 | $1,003 |
| Loan Growth YoY (%) | ▼ | 68.13% | -3.20 | 71.33% |
| Total Deposits ($M) | ▲ | $1,473 | +94.98 | $1,378 |
| Shareholders Equity ($M) | ▲ | $196 | +19.90 | $177 |
| Tang. Book Value ($M) | ▲ | $175 | +20.49 | $155 |
| TBV excl. AOCI ($M)** | ▲ | $191 | +17.20 | $173 |
| Loan / Deposit Ratio (%) | ▼ | 68.13% | -3.20 | 71.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.01 | 0.29% |
| Allowance / Loans (%) | — | 1.95% | -0.04% | 1.99% |
| Net Charge-Off Ratio (%) | — | 0.44% | 0.00 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.99% | +1.39 | 15.59% |
Noninterest income ($7.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.58% | 2.58% | 2.64% | 2.76% | 2.81% | 2.84% | 2.86% | 3.07% |
| ▅▄▁▄▆▇▄█ | Return on Assets (%) | 0.77% | 0.74% | 0.59% | 0.74% | 0.85% | 0.90% | 0.76% | 0.95% |
| ▂▃█▅▂▁▅▁ | Efficiency Ratio (%) | 74.3% | 75.4% | 82.2% | 77.7% | 74.7% | 73.2% | 77.7% | 73.0% |
| █▄▂▄▆▅▁▂ | Cost of Funds (%) | 1.22% | 1.15% | 1.12% | 1.15% | 1.18% | 1.17% | 1.10% | 1.13% |
| ▇▂▄▄█▁▂▃ | NPA / Assets (%) | 0.33% | 0.25% | 0.28% | 0.29% | 0.35% | 0.24% | 0.26% | 0.27% |
| ▆▁▃▂█▁▂▂ | Net Charge-Off Ratio (%) | 0.53% | 0.42% | 0.46% | 0.44% | 0.58% | 0.40% | 0.44% | 0.44% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $142 | $144 | $151 | $155 | $162 | $169 | $173 | $175 |
| ▁▃▁▅▆▆▆█ | Gross Loans ($M) | $982 | $995 | $984 | $1,003 | $1,009 | $1,012 | $1,008 | $1,024 |
| ▃▇▃▁▆█▇▅ | Total Deposits ($M) | $1,429 | $1,520 | $1,437 | $1,378 | $1,502 | $1,562 | $1,535 | $1,473 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |