Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.04 | 1.16% |
| Return on Equity (%) | ▼ | 10.74% | -0.91 | 11.65% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.27 | 3.91% |
| Efficiency Ratio (%) | ▲ | 57.54% | -3.01 | 60.55% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.50 | $4 |
| Cost of Funds (%) | ▲ | 2.37% | -0.30 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,091 | +68.30 | $1,023 |
| Gross Loans ($M) | ▲ | $767 | +66.60 | $700 |
| Loan Growth YoY (%) | ▲ | 81.19% | +2.30 | 78.89% |
| Total Deposits ($M) | ▲ | $936 | +57.61 | $878 |
| Shareholders Equity ($M) | ▲ | $123 | +23.56 | $99 |
| Tang. Book Value ($M) | ▲ | $120 | +23.69 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $131 | +23.34 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 81.19% | +2.30 | 78.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.13% | +0.20 | 0.93% |
| Allowance / Loans (%) | — | 0.91% | -0.14% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.51% | +0.17 | 1.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.71% | -0.67 | 12.38% |
Noninterest income ($2.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▆▆█ | Net Interest Margin (%) | 3.80% | 3.83% | 3.85% | 3.91% | 3.98% | 4.04% | 4.06% | 4.18% |
| ██▄▅█▃▁█ | Return on Assets (%) | 1.20% | 1.20% | 1.15% | 1.16% | 1.20% | 1.13% | 1.11% | 1.19% |
| ▇▆██▄▃▅▁ | Efficiency Ratio (%) | 60.1% | 59.7% | 60.7% | 60.5% | 58.9% | 58.6% | 59.2% | 57.5% |
| █▇▅▆▇▄▁▁ | Cost of Funds (%) | 2.80% | 2.71% | 2.62% | 2.66% | 2.70% | 2.56% | 2.36% | 2.37% |
| ▁▃▇▅▅▅█▆ | NPA / Assets (%) | 0.06% | 0.58% | 1.34% | 0.93% | 1.02% | 1.06% | 1.66% | 1.13% |
| ▁▃▇▅▅▅█▆ | Net Charge-Off Ratio (%) | 0.08% | 0.82% | 1.89% | 1.34% | 1.34% | 1.39% | 2.29% | 1.51% |
| ▁▁▁▁▃▇▇█ | Tang. Book Value ($M) | $94 | $93 | $96 | $96 | $103 | $115 | $115 | $120 |
| ▁▁▃▃▅▇▇█ | Gross Loans ($M) | $660 | $665 | $693 | $700 | $719 | $744 | $751 | $767 |
| ▁▂▄▅▅▆▇█ | Total Deposits ($M) | $799 | $833 | $858 | $878 | $881 | $896 | $911 | $936 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 22% |