Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.21 | 1.24% |
| Return on Equity (%) | ▲ | 14.64% | +1.75 | 12.89% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.35 | 3.53% |
| Efficiency Ratio (%) | ▲ | 52.99% | -2.64 | 55.63% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.20 | $5 |
| Cost of Funds (%) | ▲ | 1.10% | -0.06 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,295 | +57.37 | $1,238 |
| Gross Loans ($M) | ▲ | $869 | +81.43 | $788 |
| Loan Growth YoY (%) | ▲ | 75.43% | +3.89 | 71.54% |
| Total Deposits ($M) | ▲ | $1,135 | +44.70 | $1,090 |
| Shareholders Equity ($M) | ▲ | $131 | +10.27 | $121 |
| Tang. Book Value ($M) | ▲ | $126 | +10.27 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +9.79 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 75.43% | +3.89 | 71.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.45 | 0.11% |
| Allowance / Loans (%) | — | 1.56% | 0.51% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.67 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.30% | +0.12 | 15.18% |
Noninterest income ($1.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 3.30% | 3.34% | 3.44% | 3.53% | 3.61% | 3.66% | 3.82% | 3.88% |
| ▁▁▆▆▆▄██ | Return on Assets (%) | 0.90% | 0.87% | 1.25% | 1.24% | 1.28% | 1.11% | 1.43% | 1.46% |
| █▇███▆▂▁ | Efficiency Ratio (%) | 55.4% | 55.0% | 55.4% | 55.6% | 55.5% | 54.9% | 53.5% | 53.0% |
| █▇▄▃▅▂▁▁ | Cost of Funds (%) | 1.32% | 1.27% | 1.18% | 1.16% | 1.21% | 1.14% | 1.11% | 1.10% |
| ▄▂▂▁▁▁▁█ | NPA / Assets (%) | 0.28% | 0.14% | 0.13% | 0.11% | 0.06% | 0.05% | 0.08% | 0.56% |
| ▅▂▂▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.47% | 0.23% | 0.21% | 0.17% | 0.09% | 0.08% | 0.12% | 0.84% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $109 | $109 | $112 | $115 | $119 | $120 | $122 | $126 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $720 | $738 | $761 | $788 | $810 | $830 | $853 | $869 |
| ▃▁▃▄▅█▆█ | Total Deposits ($M) | $1,071 | $1,045 | $1,071 | $1,090 | $1,097 | $1,129 | $1,103 | $1,135 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 16% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |