Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.16% | +0.37 | 1.80% |
| Return on Equity (%) | ▼ | 24.78% | -0.66 | 25.44% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.48 | 3.71% |
| Efficiency Ratio (%) | ▲ | 49.11% | -3.93 | 53.04% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.48 | $9 |
| Cost of Funds (%) | ▲ | 1.23% | -0.25 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,667 | +17.94 | $1,649 |
| Gross Loans ($M) | ▲ | $1,100 | +17.16 | $1,083 |
| Loan Growth YoY (%) | ▲ | 73.51% | +1.35 | 72.16% |
| Total Deposits ($M) | ▼ | $1,486 | -6.17 | $1,492 |
| Shareholders Equity ($M) | ▲ | $147 | +22.21 | $124 |
| Tang. Book Value ($M) | ▲ | $143 | +22.40 | $121 |
| TBV excl. AOCI ($M)** | ▲ | $161 | +22.92 | $138 |
| Loan / Deposit Ratio (%) | ▲ | 73.51% | +1.35 | 72.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.06 | 0.07% |
| Allowance / Loans (%) | — | 0.68% | 0.13% | 0.55% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.04 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.85% | +1.32 | 13.53% |
Noninterest income ($4.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.03% | 3.13% | 3.55% | 3.71% | 3.80% | 3.88% | 4.12% | 4.19% |
| ▁▃▄▅▆▇██ | Return on Assets (%) | 1.27% | 1.55% | 1.61% | 1.80% | 1.87% | 2.04% | 2.06% | 2.16% |
| █▆▅▃▂▁▁▁ | Efficiency Ratio (%) | 60.6% | 56.5% | 55.7% | 53.0% | 51.9% | 49.4% | 49.8% | 49.1% |
| █▇▄▄▃▂▁▁ | Cost of Funds (%) | 1.88% | 1.74% | 1.55% | 1.48% | 1.42% | 1.34% | 1.25% | 1.23% |
| ▅▆▆█▁▂▁▁ | NPA / Assets (%) | 0.04% | 0.05% | 0.05% | 0.07% | 0.01% | 0.01% | 0.00% | 0.01% |
| ▁▄▃█▂▁▁▂ | Net Charge-Off Ratio (%) | 0.01% | 0.02% | 0.02% | 0.05% | 0.01% | 0.01% | 0.00% | 0.01% |
| ▁▁▂▄▆███ | Tang. Book Value ($M) | $104 | $105 | $112 | $121 | $132 | $142 | $142 | $143 |
| ▁▂▄▇▆▅██ | Gross Loans ($M) | $1,028 | $1,038 | $1,059 | $1,083 | $1,073 | $1,071 | $1,092 | $1,100 |
| ▁▃█▅▅▃▅▄ | Total Deposits ($M) | $1,467 | $1,482 | $1,511 | $1,492 | $1,494 | $1,480 | $1,492 | $1,486 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |