Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.35 | 0.30% |
| Return on Equity (%) | ▲ | 9.19% | +4.67 | 4.52% |
| Net Interest Margin (%) | ▲ | 2.55% | +0.42 | 2.13% |
| Efficiency Ratio (%) | ▲ | 74.72% | -13.13 | 87.85% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.89 | $1 |
| Cost of Funds (%) | ▲ | 1.98% | -0.09 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,520 | +81.78 | $1,439 |
| Gross Loans ($M) | ▲ | $917 | +103.35 | $814 |
| Loan Growth YoY (%) | ▲ | 77.27% | +9.14 | 68.12% |
| Total Deposits ($M) | ▼ | $1,178 | -7.81 | $1,186 |
| Shareholders Equity ($M) | ▲ | $111 | +11.97 | $99 |
| Tang. Book Value ($M) | ▲ | $110 | +11.97 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +10.73 | $125 |
| Loan / Deposit Ratio (%) | ▲ | 77.27% | +9.14 | 68.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.01 | 0.26% |
| Allowance / Loans (%) | — | 0.79% | 0.02% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.04 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.74% | -0.75 | 14.49% |
Noninterest income ($2.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 1.73% | 1.76% | 2.03% | 2.13% | 2.21% | 2.26% | 2.46% | 2.55% |
| ▁▃▃▄▅▅██ | Return on Assets (%) | 0.03% | 0.26% | 0.25% | 0.30% | 0.37% | 0.40% | 0.63% | 0.66% |
| █▅▅▄▃▃▁▁ | Efficiency Ratio (%) | 101.5% | 89.7% | 89.6% | 87.9% | 84.5% | 82.7% | 77.2% | 74.7% |
| █▅▄▃▄▂▁▁ | Cost of Funds (%) | 2.43% | 2.24% | 2.15% | 2.07% | 2.16% | 2.07% | 1.95% | 1.98% |
| █▆▁▃▅▄▄▃ | NPA / Assets (%) | 0.39% | 0.33% | 0.21% | 0.26% | 0.30% | 0.30% | 0.28% | 0.28% |
| █▇▁▃▆▆▅▄ | Net Charge-Off Ratio (%) | 0.57% | 0.54% | 0.33% | 0.40% | 0.49% | 0.48% | 0.45% | 0.44% |
| ▄▁▂▃▆█▇█ | Tang. Book Value ($M) | $99 | $92 | $97 | $98 | $106 | $109 | $106 | $110 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $768 | $783 | $791 | $814 | $851 | $881 | $899 | $917 |
| ██▃▂▆▇▄▁ | Total Deposits ($M) | $1,210 | $1,207 | $1,189 | $1,186 | $1,198 | $1,205 | $1,192 | $1,178 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 9% |