Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.19 | 0.63% |
| Return on Equity (%) | ▲ | 9.40% | +2.27 | 7.13% |
| Net Interest Margin (%) | ▲ | 2.80% | +0.00 | 2.80% |
| Efficiency Ratio (%) | ▲ | 73.19% | -1.85 | 75.04% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.91 | $3 |
| Cost of Funds (%) | ▲ | 2.33% | -0.21 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,573 | +136.58 | $1,436 |
| Gross Loans ($M) | ▼ | $950 | -9.44 | $960 |
| Loan Growth YoY (%) | ▼ | 79.42% | -10.26 | 89.67% |
| Total Deposits ($M) | ▲ | $1,186 | +123.93 | $1,062 |
| Shareholders Equity ($M) | ▲ | $136 | +9.76 | $127 |
| Tang. Book Value ($M) | ▲ | $136 | +9.78 | $126 |
| TBV excl. AOCI ($M)** | ▲ | $155 | +9.82 | $145 |
| Loan / Deposit Ratio (%) | ▼ | 79.42% | -10.26 | 89.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.28% | +0.95 | 0.33% |
| Allowance / Loans (%) | — | 0.92% | 0.12% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 2.11% | +1.63 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.34% | +0.39 | 14.95% |
Noninterest income ($1.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▅█ | Net Interest Margin (%) | 2.47% | 2.52% | 2.70% | 2.80% | 2.77% | 2.78% | 2.67% | 2.80% |
| ▁▂▇██▇██ | Return on Assets (%) | -1.38% | -0.86% | 0.39% | 0.63% | 0.67% | 0.47% | 0.59% | 0.81% |
| ▇▆▇▃▁▁█▁ | Efficiency Ratio (%) | 79.6% | 78.3% | 78.9% | 75.0% | 72.9% | 73.5% | 80.5% | 73.2% |
| ██▅▅▄▇▄▁ | Cost of Funds (%) | 2.73% | 2.73% | 2.56% | 2.54% | 2.53% | 2.67% | 2.53% | 2.33% |
| ▁▁▁▁▁▇▇█ | NPA / Assets (%) | 0.36% | 0.34% | 0.41% | 0.33% | 0.39% | 1.10% | 1.11% | 1.28% |
| ▁▁▁▁▁▇▇█ | Net Charge-Off Ratio (%) | 0.56% | 0.51% | 0.62% | 0.49% | 0.65% | 1.77% | 1.81% | 2.11% |
| ▁▁▁▁▅▅▆█ | Tang. Book Value ($M) | $126 | $125 | $125 | $126 | $131 | $131 | $132 | $136 |
| ▁▅█▇▇▅▁▅ | Gross Loans ($M) | $935 | $948 | $964 | $960 | $958 | $948 | $933 | $950 |
| ▁▂▂▂█▆▆█ | Total Deposits ($M) | $1,026 | $1,051 | $1,050 | $1,062 | $1,197 | $1,142 | $1,136 | $1,186 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |