Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.07 | 0.52% |
| Return on Equity (%) | ▲ | 6.31% | +0.99 | 5.32% |
| Net Interest Margin (%) | ▲ | 3.04% | +0.12 | 2.92% |
| Efficiency Ratio (%) | ▲ | 76.51% | -1.93 | 78.44% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.32 | $3 |
| Cost of Funds (%) | ▼ | 1.91% | +0.23 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,523 | +195.13 | $1,327 |
| Gross Loans ($M) | ▲ | $1,263 | +205.38 | $1,058 |
| Loan Growth YoY (%) | ▲ | 99.91% | +8.26 | 91.64% |
| Total Deposits ($M) | ▲ | $1,254 | +109.41 | $1,145 |
| Shareholders Equity ($M) | ▲ | $141 | +12.83 | $128 |
| Tang. Book Value ($M) | ▲ | $140 | +12.92 | $127 |
| TBV excl. AOCI ($M)** | ▲ | $149 | +11.73 | $138 |
| Loan / Deposit Ratio (%) | ▲ | 99.91% | +8.26 | 91.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.08 | 0.26% |
| Allowance / Loans (%) | — | 0.77% | -0.01% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.09 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.50% | -2.70 | 17.20% |
Noninterest income ($2.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆██ | Net Interest Margin (%) | 2.68% | 2.72% | 2.87% | 2.92% | 2.93% | 2.95% | 3.02% | 3.04% |
| ▁▁▄▇▇▆██ | Return on Assets (%) | 0.31% | 0.29% | 0.43% | 0.52% | 0.52% | 0.51% | 0.58% | 0.59% |
| ██▄▂▁▁▁▁ | Efficiency Ratio (%) | 89.2% | 88.7% | 82.0% | 78.4% | 77.9% | 78.1% | 77.0% | 76.5% |
| ▄▂▁▂▄▇▆█ | Cost of Funds (%) | 1.76% | 1.67% | 1.62% | 1.68% | 1.76% | 1.84% | 1.83% | 1.91% |
| ▃▃▂▁▃▄▅█ | NPA / Assets (%) | 0.29% | 0.29% | 0.28% | 0.26% | 0.28% | 0.30% | 0.31% | 0.35% |
| ▃▃▃▁▃▄▆█ | Net Charge-Off Ratio (%) | 0.36% | 0.36% | 0.35% | 0.33% | 0.36% | 0.37% | 0.39% | 0.42% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $125 | $122 | $125 | $127 | $133 | $137 | $137 | $140 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $957 | $988 | $1,007 | $1,058 | $1,125 | $1,187 | $1,212 | $1,263 |
| ▁▁▄▅▆▄██ | Total Deposits ($M) | $1,024 | $1,029 | $1,126 | $1,145 | $1,174 | $1,137 | $1,239 | $1,254 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 25% |