Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.74 | 1.01% |
| Return on Equity (%) | ▲ | 21.85% | +10.05 | 11.80% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.15 | 4.02% |
| Efficiency Ratio (%) | ▲ | 58.18% | -13.18 | 71.36% |
| Pre-Provision Profit ($M) | ▲ | $8 | +4.79 | $4 |
| Cost of Funds (%) | ▲ | 0.95% | -0.09 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,139 | +101.22 | $1,038 |
| Gross Loans ($M) | ▲ | $748 | +22.26 | $726 |
| Loan Growth YoY (%) | ▼ | 71.29% | -5.37 | 76.66% |
| Total Deposits ($M) | ▲ | $1,042 | +101.88 | $940 |
| Shareholders Equity ($M) | ▼ | $91 | -0.67 | $92 |
| Tang. Book Value ($M) | ▼ | $90 | -0.52 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +1.62 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 71.29% | -5.37 | 76.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.03 | 0.09% |
| Allowance / Loans (%) | — | 0.71% | -0.00% | 0.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.05 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.04% | -0.18 | 13.21% |
Noninterest income ($6.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇▇▇█ | Net Interest Margin (%) | 3.74% | 3.76% | 3.89% | 4.02% | 4.09% | 4.11% | 4.11% | 4.17% |
| ▁▁▁▁▂▂▃█ | Return on Assets (%) | 0.91% | 0.97% | 0.92% | 1.01% | 1.08% | 1.08% | 1.15% | 1.76% |
| █▇██▇▇▆▁ | Efficiency Ratio (%) | 71.2% | 70.2% | 72.6% | 71.4% | 70.2% | 70.0% | 68.0% | 58.2% |
| █▇▄▂▃▃▂▁ | Cost of Funds (%) | 1.31% | 1.25% | 1.12% | 1.04% | 1.08% | 1.05% | 0.99% | 0.95% |
| ▁█▁▁▅▇▆▅ | NPA / Assets (%) | 0.09% | 0.15% | 0.10% | 0.09% | 0.13% | 0.14% | 0.14% | 0.12% |
| ▁█▁▁▅▇▆▅ | Net Charge-Off Ratio (%) | 0.14% | 0.22% | 0.14% | 0.13% | 0.18% | 0.20% | 0.20% | 0.19% |
| ▁▂▅█▁▃▁█ | Tang. Book Value ($M) | $84 | $85 | $88 | $91 | $84 | $86 | $84 | $90 |
| ▁▄▅▆▆███ | Gross Loans ($M) | $678 | $711 | $720 | $726 | $729 | $739 | $741 | $748 |
| ▁▂▂▂▂▄▆█ | Total Deposits ($M) | $921 | $951 | $941 | $940 | $938 | $971 | $999 | $1,042 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 12% |
| Consumer | 18% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 3% |