Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +1.50 | -0.52% |
| Return on Equity (%) | ▲ | 8.29% | +15.05 | -6.76% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.56 | 3.10% |
| Efficiency Ratio (%) | ▲ | 65.25% | -17.74 | 83.00% |
| Pre-Provision Profit ($M) | ▲ | $11 | +4.24 | $7 |
| Cost of Funds (%) | ▲ | 1.29% | -0.19 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,771 | -183.29 | $2,954 |
| Gross Loans ($M) | ▲ | $2,261 | +11.30 | $2,249 |
| Loan Growth YoY (%) | ▲ | 100.12% | +9.31 | 90.81% |
| Total Deposits ($M) | ▼ | $2,234 | -217.07 | $2,451 |
| Shareholders Equity ($M) | ▲ | $338 | +123.72 | $214 |
| Tang. Book Value ($M) | ▲ | $323 | +123.85 | $199 |
| TBV excl. AOCI ($M)** | ▲ | $339 | +126.09 | $213 |
| Loan / Deposit Ratio (%) | ▲ | 100.12% | +9.31 | 90.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.23 | 0.38% |
| Allowance / Loans (%) | — | 1.06% | 0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.25 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.47% | +5.21 | 10.27% |
Noninterest income ($5.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅██ | Net Interest Margin (%) | 3.02% | 2.99% | 3.08% | 3.10% | 3.27% | 3.35% | 3.65% | 3.67% |
| ▇▇▁▄▅▆██ | Return on Assets (%) | 0.44% | 0.48% | -1.69% | -0.52% | -0.04% | 0.18% | 0.89% | 0.98% |
| ▅▄█▆▄▃▁▁ | Efficiency Ratio (%) | 80.1% | 78.3% | 91.7% | 83.0% | 76.4% | 73.6% | 66.2% | 65.3% |
| ▇█▅▃▂▁▁▁ | Cost of Funds (%) | 1.87% | 1.99% | 1.70% | 1.48% | 1.45% | 1.37% | 1.32% | 1.29% |
| ▁▁▅▄▇█▅▇ | NPA / Assets (%) | 0.16% | 0.16% | 0.44% | 0.38% | 0.63% | 0.71% | 0.49% | 0.61% |
| ▁▁▄▄▇█▅▇ | Net Charge-Off Ratio (%) | 0.20% | 0.20% | 0.53% | 0.50% | 0.77% | 0.88% | 0.60% | 0.75% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $202 | $200 | $193 | $199 | $303 | $310 | $316 | $323 |
| ▁▂▄▅▇██▆ | Gross Loans ($M) | $2,183 | $2,201 | $2,235 | $2,249 | $2,276 | $2,299 | $2,285 | $2,261 |
| ▁▁▂█▃▄▄▄ | Total Deposits ($M) | $2,055 | $2,080 | $2,145 | $2,451 | $2,162 | $2,208 | $2,228 | $2,234 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 39% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |