Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.13 | 1.09% |
| Return on Equity (%) | ▲ | 7.73% | +0.68 | 7.05% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.19 | 3.62% |
| Efficiency Ratio (%) | ▲ | 66.99% | -3.26 | 70.25% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.61 | $4 |
| Cost of Funds (%) | ▲ | 1.74% | -0.11 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,082 | +55.95 | $1,026 |
| Gross Loans ($M) | ▲ | $837 | +61.08 | $776 |
| Loan Growth YoY (%) | ▲ | 106.96% | +8.13 | 98.83% |
| Total Deposits ($M) | ▼ | $774 | -2.31 | $777 |
| Shareholders Equity ($M) | ▲ | $171 | +12.27 | $159 |
| Tang. Book Value ($M) | ▲ | $151 | +12.73 | $138 |
| TBV excl. AOCI ($M)** | ▲ | $157 | +12.48 | $145 |
| Loan / Deposit Ratio (%) | ▲ | 106.96% | +8.13 | 98.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.69 | 0.23% |
| Allowance / Loans (%) | — | 1.03% | -0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.06% | +0.74 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.76% | -0.02 | 16.78% |
Noninterest income ($6.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇██ | Net Interest Margin (%) | 3.47% | 3.49% | 3.53% | 3.62% | 3.69% | 3.74% | 3.83% | 3.81% |
| ▂▁▂▅▇▇▅█ | Return on Assets (%) | 0.95% | 0.90% | 0.97% | 1.09% | 1.14% | 1.17% | 1.08% | 1.22% |
| ██▆▄▄▂▂▁ | Efficiency Ratio (%) | 73.5% | 74.3% | 72.2% | 70.3% | 69.8% | 68.8% | 68.3% | 67.0% |
| █▇▅▄▅▂▁▂ | Cost of Funds (%) | 2.04% | 1.96% | 1.89% | 1.85% | 1.87% | 1.73% | 1.68% | 1.74% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.23% | 0.18% | 0.23% | 0.23% | 0.21% | 0.21% | 0.35% | 0.92% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.31% | 0.24% | 0.30% | 0.31% | 0.28% | 0.28% | 0.32% | 1.06% |
| ▄▁▂▄▅▆▇█ | Tang. Book Value ($M) | $138 | $130 | $134 | $138 | $143 | $145 | $147 | $151 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $715 | $740 | $751 | $776 | $791 | $795 | $813 | $837 |
| ▂▂▁▅█▆█▅ | Total Deposits ($M) | $760 | $760 | $754 | $777 | $791 | $781 | $789 | $774 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 30% |