Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.30 | 0.76% |
| Return on Equity (%) | ▲ | 13.54% | +3.00 | 10.54% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.23 | 2.87% |
| Efficiency Ratio (%) | ▲ | 58.06% | -5.43 | 63.48% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.21 | $10 |
| Cost of Funds (%) | ▲ | 1.39% | -0.15 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,109 | +170.89 | $2,939 |
| Gross Loans ($M) | ▲ | $2,153 | +64.42 | $2,089 |
| Loan Growth YoY (%) | ▼ | 82.44% | -1.06 | 83.49% |
| Total Deposits ($M) | ▲ | $2,575 | +108.12 | $2,466 |
| Shareholders Equity ($M) | ▲ | $236 | +29.70 | $206 |
| Tang. Book Value ($M) | ▲ | $236 | +29.78 | $206 |
| TBV excl. AOCI ($M)** | ▲ | $265 | +34.51 | $231 |
| Loan / Deposit Ratio (%) | ▼ | 82.44% | -1.06 | 83.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.08 | 0.35% |
| Allowance / Loans (%) | — | 1.42% | 0.02% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.13 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.02% | +0.85 | 13.17% |
Noninterest income ($4.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 2.64% | 2.65% | 2.77% | 2.87% | 2.90% | 2.95% | 3.09% | 3.10% |
| ▂▂▁▃▄▄▇█ | Return on Assets (%) | 0.73% | 0.72% | 0.62% | 0.76% | 0.81% | 0.81% | 0.96% | 1.06% |
| ███▅▅▄▃▁ | Efficiency Ratio (%) | 68.1% | 68.6% | 68.8% | 63.5% | 63.6% | 62.9% | 61.4% | 58.1% |
| █▇▅▄▅▃▁▁ | Cost of Funds (%) | 1.81% | 1.75% | 1.62% | 1.54% | 1.59% | 1.51% | 1.37% | 1.39% |
| ▁▁▁▄▅█▇▆ | NPA / Assets (%) | 0.16% | 0.18% | 0.17% | 0.35% | 0.42% | 0.58% | 0.49% | 0.43% |
| ▁▁▁▅▆█▇▇ | Net Charge-Off Ratio (%) | 0.21% | 0.23% | 0.22% | 0.49% | 0.55% | 0.75% | 0.68% | 0.62% |
| ▂▁▂▃▅▆▇█ | Tang. Book Value ($M) | $199 | $189 | $198 | $206 | $213 | $221 | $228 | $236 |
| ▁▂▅▆▆▇▇█ | Gross Loans ($M) | $1,977 | $2,017 | $2,076 | $2,089 | $2,089 | $2,129 | $2,114 | $2,153 |
| ▂▁▃▇▃▁▅█ | Total Deposits ($M) | $2,195 | $2,122 | $2,278 | $2,466 | $2,250 | $2,143 | $2,365 | $2,575 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 2% |
| Consumer | 33% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 5% |