Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.36 | 0.78% |
| Return on Equity (%) | ▲ | 12.24% | +2.75 | 9.49% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.12 | 3.95% |
| Efficiency Ratio (%) | ▲ | 65.43% | -6.71 | 72.14% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.10 | $8 |
| Cost of Funds (%) | ▲ | 1.04% | -0.15 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,074 | +32.43 | $2,041 |
| Gross Loans ($M) | ▲ | $1,487 | +43.96 | $1,443 |
| Loan Growth YoY (%) | ▲ | 79.80% | +2.00 | 77.80% |
| Total Deposits ($M) | ▲ | $1,845 | +9.36 | $1,836 |
| Shareholders Equity ($M) | ▲ | $195 | +23.04 | $172 |
| Tang. Book Value ($M) | ▲ | $180 | +24.79 | $155 |
| TBV excl. AOCI ($M)** | ▲ | $196 | +25.95 | $170 |
| Loan / Deposit Ratio (%) | ▲ | 79.80% | +2.00 | 77.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.10 | 0.33% |
| Allowance / Loans (%) | — | 1.00% | -0.05% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.15 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.87% | +1.06 | 11.81% |
Noninterest income ($4.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▆▇▇█▇█ | Net Interest Margin (%) | 3.40% | 3.67% | 3.84% | 3.95% | 3.97% | 4.00% | 3.95% | 4.07% |
| ▅▂▁▄▆▇██ | Return on Assets (%) | 0.80% | 0.54% | 0.45% | 0.78% | 0.92% | 0.98% | 1.08% | 1.14% |
| ▂▅█▄▃▂▁▁ | Efficiency Ratio (%) | 68.7% | 73.8% | 81.6% | 72.1% | 69.8% | 68.1% | 66.0% | 65.4% |
| █▅▃▃▄▂▁▁ | Cost of Funds (%) | 1.53% | 1.32% | 1.19% | 1.19% | 1.23% | 1.16% | 1.04% | 1.04% |
| █▇▂▅▄▁▁▁ | NPA / Assets (%) | 0.41% | 0.37% | 0.24% | 0.33% | 0.30% | 0.23% | 0.21% | 0.23% |
| █▆▁▅▄▁▁▁ | Net Charge-Off Ratio (%) | 0.60% | 0.51% | 0.34% | 0.47% | 0.42% | 0.32% | 0.30% | 0.32% |
| ▁▄▄▅▇▇██ | Tang. Book Value ($M) | $118 | $144 | $148 | $155 | $165 | $172 | $175 | $180 |
| ▁███████ | Gross Loans ($M) | $995 | $1,467 | $1,451 | $1,443 | $1,433 | $1,450 | $1,464 | $1,487 |
| ▁███████ | Total Deposits ($M) | $1,273 | $1,841 | $1,860 | $1,836 | $1,841 | $1,816 | $1,854 | $1,845 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |