Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.30 | 0.83% |
| Return on Equity (%) | ▲ | 11.15% | +2.55 | 8.60% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.21 | 3.32% |
| Efficiency Ratio (%) | ▲ | 66.14% | -5.83 | 71.97% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.55 | $4 |
| Cost of Funds (%) | ▲ | 1.31% | -0.07 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,329 | +70.61 | $1,258 |
| Gross Loans ($M) | ▲ | $851 | +124.16 | $727 |
| Loan Growth YoY (%) | ▲ | 73.75% | +6.93 | 66.82% |
| Total Deposits ($M) | ▲ | $1,143 | +71.11 | $1,072 |
| Shareholders Equity ($M) | ▲ | $141 | +13.51 | $127 |
| Tang. Book Value ($M) | ▲ | $141 | +13.51 | $127 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +12.29 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 73.75% | +6.93 | 66.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.42 | 0.85% |
| Allowance / Loans (%) | — | 1.01% | -0.52% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.67% | -0.81 | 1.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.60% | -0.54 | 16.14% |
Noninterest income ($4.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▂▃▄▅▇ | Net Interest Margin (%) | 3.58% | 3.54% | 3.25% | 3.32% | 3.37% | 3.40% | 3.45% | 3.53% |
| ▂▃▁▁▄▅▆█ | Return on Assets (%) | 0.89% | 0.91% | 0.82% | 0.83% | 0.96% | 1.00% | 1.04% | 1.13% |
| █▇▇█▄▂▂▁ | Efficiency Ratio (%) | 71.6% | 70.5% | 71.1% | 72.0% | 68.9% | 67.4% | 66.9% | 66.1% |
| ▆▁███▃▅▇ | Cost of Funds (%) | 1.28% | 1.05% | 1.34% | 1.38% | 1.36% | 1.16% | 1.25% | 1.31% |
| ▁▇██▅▄▃▂ | NPA / Assets (%) | 0.29% | 0.77% | 0.90% | 0.85% | 0.60% | 0.53% | 0.44% | 0.43% |
| ▁███▅▅▂▂ | Net Charge-Off Ratio (%) | 0.42% | 1.42% | 1.47% | 1.47% | 0.98% | 0.99% | 0.68% | 0.67% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $118 | $122 | $125 | $127 | $131 | $135 | $137 | $141 |
| ▁▃▁▁▅▄▇█ | Gross Loans ($M) | $737 | $760 | $730 | $727 | $791 | $785 | $830 | $851 |
| ▁▇▁▃▄█▃▅ | Total Deposits ($M) | $985 | $1,244 | $1,003 | $1,072 | $1,099 | $1,287 | $1,097 | $1,143 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 5% |