Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.12 | 0.62% |
| Return on Equity (%) | ▲ | 7.94% | +1.11 | 6.83% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.34 | 2.70% |
| Efficiency Ratio (%) | ▲ | 67.76% | -6.41 | 74.16% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.16 | $6 |
| Cost of Funds (%) | ▲ | 1.63% | -0.10 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,728 | +19.09 | $2,709 |
| Gross Loans ($M) | ▲ | $2,194 | +101.20 | $2,093 |
| Loan Growth YoY (%) | ▲ | 90.46% | +1.56 | 88.90% |
| Total Deposits ($M) | ▲ | $2,403 | +71.17 | $2,332 |
| Shareholders Equity ($M) | ▲ | $253 | +9.03 | $244 |
| Tang. Book Value ($M) | ▲ | $240 | +9.53 | $230 |
| TBV excl. AOCI ($M)** | ▲ | $258 | +8.33 | $249 |
| Loan / Deposit Ratio (%) | ▲ | 90.46% | +1.56 | 88.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.07 | 0.21% |
| Allowance / Loans (%) | — | 0.92% | -0.02% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.08 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.47% | -0.20 | 12.67% |
Noninterest income ($3.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅██ | Net Interest Margin (%) | 2.52% | 2.53% | 2.54% | 2.70% | 2.77% | 2.83% | 2.98% | 3.03% |
| ▂▂▁▄▄▅█▇ | Return on Assets (%) | 0.52% | 0.54% | 0.45% | 0.62% | 0.60% | 0.66% | 0.81% | 0.73% |
| ▇▇█▅▄▃▁▁ | Efficiency Ratio (%) | 76.4% | 76.5% | 78.4% | 74.2% | 72.9% | 71.7% | 67.9% | 67.8% |
| ██▆▃▃▂▁▁ | Cost of Funds (%) | 1.95% | 1.97% | 1.87% | 1.73% | 1.71% | 1.68% | 1.62% | 1.63% |
| ▂▃▄▃▃▂▁█ | NPA / Assets (%) | 0.18% | 0.20% | 0.22% | 0.21% | 0.21% | 0.19% | 0.17% | 0.28% |
| ▂▃▅▄▃▂▁█ | Net Charge-Off Ratio (%) | 0.24% | 0.26% | 0.29% | 0.27% | 0.26% | 0.23% | 0.21% | 0.35% |
| ▃▁▂▃▅███ | Tang. Book Value ($M) | $231 | $227 | $229 | $230 | $235 | $239 | $240 | $240 |
| ▁▂▂▃▅███ | Gross Loans ($M) | $2,049 | $2,070 | $2,080 | $2,093 | $2,131 | $2,184 | $2,201 | $2,194 |
| ▁▂▅▅▆▇██ | Total Deposits ($M) | $2,226 | $2,265 | $2,330 | $2,332 | $2,352 | $2,363 | $2,384 | $2,403 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 11% |