Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.28 | 0.99% |
| Return on Equity (%) | ▲ | 15.37% | +1.49 | 13.88% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.38 | 3.25% |
| Efficiency Ratio (%) | ▲ | 60.14% | -5.44 | 65.59% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.85 | $9 |
| Cost of Funds (%) | ▲ | 1.61% | -0.33 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,336 | +48.59 | $2,287 |
| Gross Loans ($M) | ▲ | $1,613 | +92.77 | $1,521 |
| Loan Growth YoY (%) | ▲ | 82.66% | +3.75 | 78.91% |
| Total Deposits ($M) | ▲ | $1,925 | +22.66 | $1,903 |
| Shareholders Equity ($M) | ▲ | $193 | +25.94 | $167 |
| Tang. Book Value ($M) | ▲ | $184 | +25.94 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $207 | +24.49 | $182 |
| Loan / Deposit Ratio (%) | ▲ | 82.66% | +3.75 | 78.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.29 | 0.47% |
| Allowance / Loans (%) | — | 1.36% | 0.10% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 1.10% | +0.39 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.47% | +0.98 | 11.50% |
Noninterest income ($5.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▄▅██ | Net Interest Margin (%) | 3.18% | 3.16% | 3.11% | 3.25% | 3.36% | 3.44% | 3.59% | 3.64% |
| ▃▁▃▅▅▆██ | Return on Assets (%) | 0.81% | 0.65% | 0.81% | 0.99% | 1.02% | 1.06% | 1.28% | 1.27% |
| ██▇▄▄▄▂▁ | Efficiency Ratio (%) | 72.1% | 71.7% | 69.4% | 65.6% | 64.8% | 64.7% | 62.4% | 60.1% |
| ██▇▆▆▄▁▁ | Cost of Funds (%) | 2.07% | 2.09% | 1.98% | 1.94% | 1.91% | 1.83% | 1.57% | 1.61% |
| ▁▁▁▅▅▄▄█ | NPA / Assets (%) | 0.02% | 0.01% | 0.01% | 0.47% | 0.47% | 0.38% | 0.37% | 0.76% |
| ▁▁▁▆▅▄▄█ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.02% | 0.71% | 0.68% | 0.54% | 0.54% | 1.10% |
| ▂▁▂▃▅▇██ | Tang. Book Value ($M) | $149 | $144 | $152 | $158 | $167 | $176 | $179 | $184 |
| ▁▂▃▅▇▇▇█ | Gross Loans ($M) | $1,369 | $1,401 | $1,458 | $1,521 | $1,565 | $1,580 | $1,574 | $1,613 |
| ▁▄▆██▅▇█ | Total Deposits ($M) | $1,733 | $1,825 | $1,878 | $1,903 | $1,903 | $1,836 | $1,890 | $1,925 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 4% |