Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 1.30% | 0.00 | 1.30% |
| Return on Equity (%) | ▲ | 13.33% | +0.01 | 13.32% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.08 | 3.27% |
| Efficiency Ratio (%) | ▲ | 48.58% | -0.31 | 48.89% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.53 | $6 |
| Cost of Funds (%) | ▲ | 1.86% | -0.24 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,492 | +80.75 | $1,412 |
| Gross Loans ($M) | ▲ | $903 | +31.46 | $871 |
| Loan Growth YoY (%) | ▼ | 74.09% | -0.53 | 74.62% |
| Total Deposits ($M) | ▲ | $1,206 | +50.06 | $1,156 |
| Shareholders Equity ($M) | ▲ | $147 | +2.01 | $145 |
| Tang. Book Value ($M) | ▲ | $138 | +1.44 | $136 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +2.62 | $156 |
| Loan / Deposit Ratio (%) | ▼ | 74.09% | -0.53 | 74.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.44 | 0.12% |
| Allowance / Loans (%) | — | 1.05% | 0.01% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.73 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.94% | -0.96 | 15.89% |
Noninterest income ($2.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.15% | 3.13% | 3.24% | 3.27% | 3.29% | 3.30% | 3.35% | 3.35% |
| ▂▃▁▄▅██▄ | Return on Assets (%) | 1.25% | 1.27% | 1.21% | 1.30% | 1.34% | 1.44% | 1.43% | 1.30% |
| █▁▃▂▃▁▂▁ | Efficiency Ratio (%) | 50.3% | 48.6% | 49.1% | 48.9% | 49.1% | 48.6% | 48.9% | 48.6% |
| ██▄▄▂▁▁▁ | Cost of Funds (%) | 2.33% | 2.37% | 2.08% | 2.10% | 1.98% | 1.90% | 1.86% | 1.86% |
| ▂▁▁▁▄▅██ | NPA / Assets (%) | 0.24% | 0.17% | 0.13% | 0.12% | 0.31% | 0.43% | 0.62% | 0.56% |
| ▁▁▁▁▄▆██ | Net Charge-Off Ratio (%) | 0.29% | 0.28% | 0.20% | 0.20% | 0.51% | 0.69% | 0.98% | 0.92% |
| ▁▂▄▇█▆▇█ | Tang. Book Value ($M) | $121 | $124 | $129 | $136 | $139 | $134 | $135 | $138 |
| ▅▃▄▂▁▅█▇ | Gross Loans ($M) | $890 | $880 | $886 | $871 | $863 | $895 | $914 | $903 |
| ▁██▁▁▆▄▅ | Total Deposits ($M) | $1,166 | $1,252 | $1,243 | $1,156 | $1,167 | $1,219 | $1,201 | $1,206 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 22% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 26% |