Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.60 | 1.11% |
| Return on Equity (%) | ▲ | 8.52% | +2.92 | 5.60% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.45 | 2.34% |
| Efficiency Ratio (%) | ▲ | 58.55% | -7.87 | 66.42% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.28 | $3 |
| Cost of Funds (%) | ▲ | 1.65% | -0.10 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,070 | +72.25 | $998 |
| Gross Loans ($M) | ▲ | $736 | +31.12 | $705 |
| Loan Growth YoY (%) | ▼ | 90.65% | -3.65 | 94.30% |
| Total Deposits ($M) | ▲ | $805 | +64.12 | $741 |
| Shareholders Equity ($M) | ▲ | $217 | +15.66 | $201 |
| Tang. Book Value ($M) | ▲ | $217 | +15.66 | $201 |
| TBV excl. AOCI ($M)** | ▲ | $229 | +17.76 | $211 |
| Loan / Deposit Ratio (%) | ▼ | 90.65% | -3.65 | 94.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.09 | 0.32% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.14 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.40% | +0.36 | 27.04% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 1.79% | 1.86% | 2.25% | 2.34% | 2.39% | 2.46% | 2.75% | 2.78% |
| ▄▁▂▄▆▄▅█ | Return on Assets (%) | 1.16% | 0.68% | 0.92% | 1.11% | 1.36% | 1.09% | 1.22% | 1.72% |
| ██▃▃▃▂▁▁ | Efficiency Ratio (%) | 86.0% | 84.2% | 68.5% | 66.4% | 65.7% | 65.2% | 60.9% | 58.6% |
| ██▃▂▃▂▁▁ | Cost of Funds (%) | 2.15% | 2.11% | 1.81% | 1.76% | 1.79% | 1.78% | 1.68% | 1.65% |
| ▇▃▆▂▁▆▁█ | NPA / Assets (%) | 0.38% | 0.33% | 0.37% | 0.32% | 0.29% | 0.38% | 0.30% | 0.40% |
| ▇▃▅▂▁▆▁█ | Net Charge-Off Ratio (%) | 0.56% | 0.47% | 0.52% | 0.45% | 0.42% | 0.54% | 0.44% | 0.59% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $195 | $192 | $197 | $201 | $206 | $209 | $211 | $217 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $684 | $691 | $697 | $705 | $718 | $726 | $724 | $736 |
| ▄▄▁▂▅▆▇█ | Total Deposits ($M) | $761 | $755 | $721 | $741 | $773 | $783 | $794 | $805 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 17% |