Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.52% | -0.00 | 0.53% |
| Return on Equity (%) | ▼ | 5.42% | -0.05 | 5.47% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.45 | 2.84% |
| Efficiency Ratio (%) | ▼ | 69.60% | +0.30 | 69.30% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.46 | $6 |
| Cost of Funds (%) | ▲ | 1.82% | -0.24 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,015 | -30.91 | $2,046 |
| Gross Loans ($M) | ▼ | $1,603 | -106.52 | $1,709 |
| Loan Growth YoY (%) | ▼ | 90.12% | -6.05 | 96.18% |
| Total Deposits ($M) | ▼ | $1,758 | -1.57 | $1,759 |
| Shareholders Equity ($M) | ▼ | $195 | -1.43 | $197 |
| Tang. Book Value ($M) | ▼ | $192 | -1.91 | $194 |
| TBV excl. AOCI ($M)** | ▼ | $203 | -1.66 | $204 |
| Loan / Deposit Ratio (%) | ▼ | 90.12% | -6.05 | 96.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.33% | -0.43 | 1.75% |
| Allowance / Loans (%) | — | 1.16% | 0.15% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 1.67% | -0.43 | 2.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.06% | +0.58 | 11.48% |
Noninterest income ($2.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅██ | Net Interest Margin (%) | 2.58% | 2.57% | 2.71% | 2.84% | 2.93% | 2.99% | 3.24% | 3.29% |
| ▆▆▅▅▆▁█▅ | Return on Assets (%) | 0.61% | 0.56% | 0.50% | 0.53% | 0.60% | 0.06% | 0.84% | 0.52% |
| ▄▄█▅▃▂▁▅ | Efficiency Ratio (%) | 68.0% | 68.1% | 73.9% | 69.3% | 67.1% | 65.0% | 63.1% | 69.6% |
| █▇▅▃▃▃▁▁ | Cost of Funds (%) | 2.48% | 2.37% | 2.22% | 2.05% | 2.02% | 2.00% | 1.81% | 1.82% |
| ▁█▇▆▆▁▁▄ | NPA / Assets (%) | 0.76% | 2.14% | 1.94% | 1.75% | 1.77% | 0.71% | 0.70% | 1.33% |
| ▁██▆▇▁▁▄ | Net Charge-Off Ratio (%) | 0.93% | 2.55% | 2.39% | 2.10% | 2.15% | 0.86% | 0.88% | 1.67% |
| ▁▁▃▅█▁▃▃ | Tang. Book Value ($M) | $190 | $190 | $192 | $194 | $198 | $190 | $193 | $192 |
| ▄▆▄█▅▃▁▁ | Gross Loans ($M) | $1,642 | $1,680 | $1,651 | $1,709 | $1,663 | $1,630 | $1,601 | $1,603 |
| ▁▁▇█▆▇██ | Total Deposits ($M) | $1,688 | $1,678 | $1,742 | $1,759 | $1,736 | $1,740 | $1,751 | $1,758 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 19% |