Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.23 | 1.66% |
| Return on Equity (%) | ▲ | 18.17% | +2.12 | 16.05% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.18 | 3.55% |
| Efficiency Ratio (%) | ▲ | 55.18% | -3.16 | 58.34% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.69 | $11 |
| Cost of Funds (%) | ▲ | 1.24% | -0.12 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,334 | +64.97 | $2,269 |
| Gross Loans ($M) | ▲ | $1,335 | +80.26 | $1,254 |
| Loan Growth YoY (%) | ▲ | 63.13% | +2.13 | 61.00% |
| Total Deposits ($M) | ▲ | $2,073 | +55.54 | $2,017 |
| Shareholders Equity ($M) | ▲ | $249 | +10.72 | $238 |
| Tang. Book Value ($M) | ▲ | $249 | +10.72 | $238 |
| TBV excl. AOCI ($M)** | ▲ | $284 | +12.68 | $271 |
| Loan / Deposit Ratio (%) | ▲ | 63.13% | +2.13 | 61.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.95% | 0.06% | 1.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.03 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▁▄▅▅▆█ | Net Interest Margin (%) | 3.68% | 3.66% | 3.44% | 3.55% | 3.60% | 3.61% | 3.64% | 3.73% |
| ▄▄▁▃▄▅▅█ | Return on Assets (%) | 1.69% | 1.68% | 1.53% | 1.66% | 1.70% | 1.74% | 1.76% | 1.90% |
| ▇▇█▆▅▃▃▁ | Efficiency Ratio (%) | 59.0% | 59.1% | 60.0% | 58.3% | 58.0% | 56.9% | 56.8% | 55.2% |
| ▄▄▆▇█▄▁▂ | Cost of Funds (%) | 1.30% | 1.31% | 1.34% | 1.36% | 1.40% | 1.29% | 1.21% | 1.24% |
| ▁▁▆█▂▆▃▅ | NPA / Assets (%) | 0.02% | 0.01% | 0.04% | 0.05% | 0.02% | 0.04% | 0.02% | 0.03% |
| ▁▁▆█▂▆▃▅ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.07% | 0.09% | 0.04% | 0.07% | 0.04% | 0.06% |
| ▃▁▂▅▆▅▇█ | Tang. Book Value ($M) | $234 | $227 | $232 | $238 | $243 | $240 | $244 | $249 |
| ▁▂▂▄▄▅▇█ | Gross Loans ($M) | $1,196 | $1,219 | $1,221 | $1,254 | $1,257 | $1,276 | $1,305 | $1,335 |
| ▁▃▆▅▄▇█▇ | Total Deposits ($M) | $1,882 | $1,949 | $2,029 | $2,017 | $1,986 | $2,071 | $2,110 | $2,073 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 5% |