Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -0.05 | 0.35% |
| Return on Equity (%) | ▼ | 3.75% | -1.07 | 4.82% |
| Net Interest Margin (%) | ▲ | 2.43% | +0.11 | 2.32% |
| Efficiency Ratio (%) | ▼ | 83.08% | +0.13 | 82.95% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.12 | $2 |
| Cost of Funds (%) | ▲ | 2.21% | -0.12 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,622 | +36.20 | $1,586 |
| Gross Loans ($M) | ▼ | $1,193 | -2.22 | $1,195 |
| Loan Growth YoY (%) | ▼ | 90.00% | -4.63 | 94.64% |
| Total Deposits ($M) | ▲ | $1,317 | +62.17 | $1,255 |
| Shareholders Equity ($M) | ▲ | $132 | +12.23 | $120 |
| Tang. Book Value ($M) | ▲ | $131 | +12.28 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +11.26 | $133 |
| Loan / Deposit Ratio (%) | ▼ | 90.00% | -4.63 | 94.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.70 | 0.06% |
| Allowance / Loans (%) | — | 0.62% | -0.00% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 1.04% | +0.96 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.29% | +13.29 | 0.00% |
Noninterest income ($2.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▅▇█▆▇ | Net Interest Margin (%) | 2.22% | 2.19% | 2.17% | 2.32% | 2.42% | 2.47% | 2.38% | 2.43% |
| ▆▅▄▇▇█▁▅ | Return on Assets (%) | 0.32% | 0.30% | 0.23% | 0.35% | 0.38% | 0.43% | 0.10% | 0.30% |
| ▅▇█▄▂▁▇▄ | Efficiency Ratio (%) | 84.5% | 86.4% | 88.1% | 83.0% | 80.9% | 79.3% | 86.6% | 83.1% |
| ▇█▅▃▃▂▁▁ | Cost of Funds (%) | 2.50% | 2.59% | 2.41% | 2.34% | 2.31% | 2.28% | 2.19% | 2.21% |
| ▁▁▁▁▁▁▆█ | NPA / Assets (%) | 0.10% | 0.04% | 0.08% | 0.06% | 0.10% | 0.08% | 0.50% | 0.77% |
| ▁▁▁▁▁▁▆█ | Net Charge-Off Ratio (%) | 0.14% | 0.05% | 0.11% | 0.08% | 0.13% | 0.10% | 0.67% | 1.04% |
| ▃▁▂▃▆▇▇█ | Tang. Book Value ($M) | $117 | $111 | $116 | $118 | $124 | $128 | $128 | $131 |
| ▁▂▄▇███▇ | Gross Loans ($M) | $1,135 | $1,147 | $1,164 | $1,195 | $1,206 | $1,208 | $1,205 | $1,193 |
| █▃▅▂▁▂▇█ | Total Deposits ($M) | $1,317 | $1,271 | $1,289 | $1,255 | $1,244 | $1,253 | $1,304 | $1,317 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 12% |