Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +1.77 | 0.00% |
| Return on Equity (%) | ▲ | 17.03% | +16.98 | 0.05% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.48 | 3.99% |
| Efficiency Ratio (%) | ▲ | 65.61% | -11.72 | 77.33% |
| Pre-Provision Profit ($M) | ▲ | $11 | +5.49 | $5 |
| Cost of Funds (%) | ▲ | 1.60% | -0.17 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,725 | +96.03 | $1,629 |
| Gross Loans ($M) | ▲ | $1,115 | +174.46 | $941 |
| Loan Growth YoY (%) | ▲ | 74.17% | +10.35 | 63.82% |
| Total Deposits ($M) | ▲ | $1,488 | +30.29 | $1,457 |
| Shareholders Equity ($M) | ▲ | $185 | +30.28 | $154 |
| Tang. Book Value ($M) | ▲ | $178 | +30.50 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $203 | +27.13 | $175 |
| Loan / Deposit Ratio (%) | ▲ | 74.17% | +10.35 | 63.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.14 | 0.29% |
| Allowance / Loans (%) | — | 1.07% | -0.08% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.21 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.25% | +0.80 | 13.45% |
Noninterest income ($12.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▆██ | Net Interest Margin (%) | 3.75% | 3.79% | 3.85% | 3.99% | 4.11% | 4.21% | 4.40% | 4.47% |
| ▆▆▁▃▅▆██ | Return on Assets (%) | 0.84% | 0.84% | -1.02% | 0.00% | 0.47% | 0.80% | 1.49% | 1.78% |
| ███▇▆▅▂▁ | Efficiency Ratio (%) | 79.0% | 79.7% | 78.1% | 77.3% | 75.4% | 73.1% | 67.5% | 65.6% |
| █▇▅▅▄▁▁▂ | Cost of Funds (%) | 1.97% | 1.89% | 1.77% | 1.77% | 1.72% | 1.58% | 1.54% | 1.60% |
| █▂▆▇▇▃▃▁ | NPA / Assets (%) | 0.32% | 0.19% | 0.27% | 0.29% | 0.28% | 0.20% | 0.21% | 0.16% |
| █▁▆██▄▄▁ | Net Charge-Off Ratio (%) | 0.48% | 0.25% | 0.39% | 0.45% | 0.47% | 0.34% | 0.34% | 0.24% |
| ▁▁▄▄▅▇▇█ | Tang. Book Value ($M) | $124 | $123 | $144 | $147 | $157 | $165 | $170 | $178 |
| ▁▁▂▂▃▄▇█ | Gross Loans ($M) | $911 | $908 | $936 | $941 | $963 | $1,000 | $1,075 | $1,115 |
| ▃▁▅▆▅▇▇█ | Total Deposits ($M) | $1,413 | $1,375 | $1,439 | $1,457 | $1,434 | $1,467 | $1,464 | $1,488 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |