Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.30 | 0.34% |
| Return on Equity (%) | ▲ | 6.96% | +3.20 | 3.76% |
| Net Interest Margin (%) | ▲ | 3.46% | +1.02 | 2.43% |
| Efficiency Ratio (%) | ▲ | 81.02% | -10.55 | 91.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.38 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.42 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,574 | +846.75 | $1,728 |
| Gross Loans ($M) | ▲ | $1,934 | +532.35 | $1,402 |
| Loan Growth YoY (%) | ▼ | 99.39% | -4.79 | 104.18% |
| Total Deposits ($M) | ▲ | $1,937 | +602.68 | $1,335 |
| Shareholders Equity ($M) | ▲ | $227 | +74.95 | $153 |
| Tang. Book Value ($M) | ▲ | $207 | +54.37 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $224 | +65.20 | $159 |
| Loan / Deposit Ratio (%) | ▼ | 99.39% | -4.79 | 104.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.15 | 0.41% |
| Allowance / Loans (%) | — | 0.45% | -0.36% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.16 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.84% | -0.84 | 12.67% |
Noninterest income ($3.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▂██ | Net Interest Margin (%) | 2.27% | 2.26% | 2.33% | 2.43% | 2.51% | 2.54% | 3.58% | 3.46% |
| ▂▁▅▅▄▆█▇ | Return on Assets (%) | 0.02% | -0.18% | 0.38% | 0.34% | 0.27% | 0.48% | 0.77% | 0.63% |
| ▆█▄▄▄▄▁▁ | Efficiency Ratio (%) | 99.1% | 107.4% | 92.0% | 91.6% | 93.2% | 93.3% | 80.3% | 81.0% |
| ██▆▆▆▆▃▁ | Cost of Funds (%) | 2.29% | 2.31% | 2.15% | 2.14% | 2.11% | 2.11% | 1.87% | 1.72% |
| ▂▁▂██▆▅▄ | NPA / Assets (%) | 0.21% | 0.14% | 0.20% | 0.41% | 0.40% | 0.32% | 0.28% | 0.26% |
| ▂▁▂██▆▅▅ | Net Charge-Off Ratio (%) | 0.26% | 0.18% | 0.26% | 0.50% | 0.49% | 0.40% | 0.36% | 0.35% |
| ▁▃▃▃▃▄██ | Tang. Book Value ($M) | $126 | $153 | $151 | $152 | $154 | $159 | $208 | $207 |
| ▁▁▁▁▂▂██ | Gross Loans ($M) | $1,333 | $1,334 | $1,360 | $1,402 | $1,432 | $1,453 | $1,865 | $1,934 |
| ▁▁▁▁▁▂██ | Total Deposits ($M) | $1,288 | $1,306 | $1,350 | $1,335 | $1,365 | $1,417 | $1,950 | $1,937 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |