Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.03 | 0.66% |
| Return on Equity (%) | ▼ | 5.73% | -1.21 | 6.94% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.24 | 2.76% |
| Efficiency Ratio (%) | ▲ | 73.44% | -2.57 | 76.01% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.70 | $2 |
| Cost of Funds (%) | ▲ | 2.01% | -0.14 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,665 | -23.16 | $1,689 |
| Gross Loans ($M) | ▼ | $1,255 | -68.07 | $1,323 |
| Loan Growth YoY (%) | ▼ | 89.25% | -2.67 | 91.92% |
| Total Deposits ($M) | ▼ | $1,393 | -33.74 | $1,427 |
| Shareholders Equity ($M) | ▲ | $184 | +23.74 | $160 |
| Tang. Book Value ($M) | ▲ | $183 | +26.25 | $157 |
| TBV excl. AOCI ($M)** | ▲ | $199 | +29.92 | $169 |
| Loan / Deposit Ratio (%) | ▼ | 89.25% | -2.67 | 91.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.84 | 0.43% |
| Allowance / Loans (%) | — | 0.90% | 0.05% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 1.69% | +1.14 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.31% | +2.49 | 14.82% |
Noninterest income ($2.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▃▅▆██ | Net Interest Margin (%) | 2.65% | 2.63% | 2.78% | 2.76% | 2.83% | 2.91% | 3.01% | 3.01% |
| ▁▂█▇█▆▃▆ | Return on Assets (%) | 0.43% | 0.49% | 0.71% | 0.66% | 0.70% | 0.63% | 0.53% | 0.63% |
| █▇▄▅▃▁▇▂ | Efficiency Ratio (%) | 78.5% | 77.4% | 74.8% | 76.0% | 73.8% | 72.1% | 77.4% | 73.4% |
| █▇▆▃▅▂▁▁ | Cost of Funds (%) | 2.55% | 2.47% | 2.36% | 2.15% | 2.29% | 2.12% | 2.01% | 2.01% |
| ▁▄▄▂▁▄██ | NPA / Assets (%) | 0.30% | 0.70% | 0.69% | 0.43% | 0.39% | 0.70% | 1.32% | 1.27% |
| ▁▃▃▂▁▄██ | Net Charge-Off Ratio (%) | 0.36% | 0.83% | 0.84% | 0.55% | 0.50% | 0.90% | 1.66% | 1.69% |
| ▁▁▂▂▆▇▇█ | Tang. Book Value ($M) | $148 | $148 | $153 | $157 | $171 | $175 | $178 | $183 |
| ██▇▆▅▄▃▁ | Gross Loans ($M) | $1,348 | $1,355 | $1,340 | $1,323 | $1,316 | $1,300 | $1,281 | $1,255 |
| ▁▂▅█▄▂▄▇ | Total Deposits ($M) | $1,290 | $1,309 | $1,370 | $1,427 | $1,344 | $1,323 | $1,345 | $1,393 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 12% |