Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.29 | 1.21% |
| Return on Equity (%) | ▲ | 17.83% | +2.02 | 15.81% |
| Net Interest Margin (%) | ▲ | 4.67% | +0.37 | 4.29% |
| Efficiency Ratio (%) | ▲ | 57.97% | -4.48 | 62.45% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.48 | $5 |
| Cost of Funds (%) | ▲ | 1.02% | -0.16 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,332 | +49.02 | $1,283 |
| Gross Loans ($M) | ▲ | $1,108 | +80.73 | $1,028 |
| Loan Growth YoY (%) | ▲ | 93.11% | +3.71 | 89.39% |
| Total Deposits ($M) | ▲ | $1,180 | +40.38 | $1,140 |
| Shareholders Equity ($M) | ▲ | $115 | +16.00 | $99 |
| Tang. Book Value ($M) | ▲ | $104 | +16.69 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +16.20 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 93.11% | +3.71 | 89.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.13 | 0.16% |
| Allowance / Loans (%) | — | 0.83% | 0.01% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.14 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.97% | +0.67 | 10.31% |
Noninterest income ($2.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆██ | Net Interest Margin (%) | 3.79% | 3.93% | 4.22% | 4.29% | 4.35% | 4.41% | 4.60% | 4.67% |
| ▁▁▆▆▆▆██ | Return on Assets (%) | 0.63% | 0.70% | 1.18% | 1.21% | 1.24% | 1.29% | 1.45% | 1.51% |
| ██▃▂▂▂▁▁ | Efficiency Ratio (%) | 76.3% | 75.2% | 63.3% | 62.4% | 62.4% | 61.6% | 58.4% | 58.0% |
| ██▆▆▇▅▁▁ | Cost of Funds (%) | 1.25% | 1.27% | 1.20% | 1.18% | 1.21% | 1.17% | 1.04% | 1.02% |
| ▁▃▂▁▁██▅ | NPA / Assets (%) | 0.15% | 0.22% | 0.19% | 0.16% | 0.17% | 0.37% | 0.36% | 0.29% |
| ▁▃▂▁▂██▅ | Net Charge-Off Ratio (%) | 0.18% | 0.26% | 0.22% | 0.20% | 0.22% | 0.45% | 0.44% | 0.34% |
| ▁▁▁▃▄▆▇█ | Tang. Book Value ($M) | $81 | $82 | $84 | $88 | $92 | $96 | $99 | $104 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $953 | $984 | $1,000 | $1,028 | $1,036 | $1,058 | $1,086 | $1,108 |
| ▁▁▃▅▇███ | Total Deposits ($M) | $1,086 | $1,092 | $1,114 | $1,140 | $1,170 | $1,178 | $1,185 | $1,180 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 10% |