Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.57% | -0.10 | 0.67% |
| Return on Equity (%) | ▼ | 6.29% | -2.07 | 8.36% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.50 | 2.53% |
| Efficiency Ratio (%) | ▲ | 58.63% | -12.04 | 70.67% |
| Pre-Provision Profit ($M) | ▲ | $7 | +3.44 | $3 |
| Cost of Funds (%) | ▲ | 1.40% | -0.28 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,832 | +29.61 | $1,803 |
| Gross Loans ($M) | ▲ | $1,015 | +3.22 | $1,012 |
| Loan Growth YoY (%) | ▼ | 60.79% | -0.31 | 61.10% |
| Total Deposits ($M) | ▲ | $1,653 | +14.30 | $1,639 |
| Shareholders Equity ($M) | ▲ | $169 | +15.14 | $154 |
| Tang. Book Value ($M) | ▲ | $157 | +15.49 | $142 |
| TBV excl. AOCI ($M)** | ▲ | $190 | +18.62 | $171 |
| Loan / Deposit Ratio (%) | ▼ | 60.79% | -0.31 | 61.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.09 | 0.12% |
| Allowance / Loans (%) | — | 0.99% | -0.04% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.15 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.52% | +0.38 | 16.13% |
Noninterest income ($2.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.19% | 2.25% | 2.43% | 2.53% | 2.62% | 2.72% | 2.99% | 3.03% |
| ▁▁▃▂▄▆█▁ | Return on Assets (%) | 0.59% | 0.63% | 0.74% | 0.67% | 0.80% | 0.93% | 1.12% | 0.57% |
| ▇▇▅█▆▄▁▁ | Efficiency Ratio (%) | 69.2% | 68.8% | 65.7% | 70.7% | 66.2% | 63.4% | 59.8% | 58.6% |
| █▆▅▄▃▂▁▁ | Cost of Funds (%) | 2.07% | 1.84% | 1.73% | 1.67% | 1.63% | 1.52% | 1.38% | 1.40% |
| ▇█▇▆▇▂▁▁ | NPA / Assets (%) | 0.13% | 0.15% | 0.13% | 0.12% | 0.13% | 0.06% | 0.03% | 0.03% |
| ▇█▇▆▇▂▁▁ | Net Charge-Off Ratio (%) | 0.23% | 0.28% | 0.23% | 0.21% | 0.23% | 0.11% | 0.06% | 0.06% |
| ▇▁▃▅▇▇▇█ | Tang. Book Value ($M) | $150 | $124 | $135 | $142 | $152 | $150 | $152 | $157 |
| ▄▁▅▇█▄▃█ | Gross Loans ($M) | $1,002 | $989 | $1,004 | $1,012 | $1,017 | $999 | $996 | $1,015 |
| ▃▇█▆▁▆▇▇ | Total Deposits ($M) | $1,605 | $1,661 | $1,674 | $1,639 | $1,573 | $1,647 | $1,651 | $1,653 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |