Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.03 | 1.07% |
| Return on Equity (%) | ▼ | 12.68% | -3.05 | 15.73% |
| Net Interest Margin (%) | ▼ | 3.27% | -0.10 | 3.38% |
| Efficiency Ratio (%) | ▼ | 61.35% | +0.82 | 60.53% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.02 | $4 |
| Cost of Funds (%) | ▲ | 1.82% | -0.01 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,241 | +120.02 | $1,121 |
| Gross Loans ($M) | ▲ | $574 | +35.40 | $539 |
| Loan Growth YoY (%) | ▲ | 51.55% | +0.69 | 50.85% |
| Total Deposits ($M) | ▲ | $1,098 | +52.59 | $1,045 |
| Shareholders Equity ($M) | ▲ | $108 | +42.50 | $66 |
| Tang. Book Value ($M) | ▲ | $107 | +42.82 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $133 | +47.07 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 51.55% | +0.69 | 50.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.19 | 0.21% |
| Allowance / Loans (%) | — | 1.43% | 0.10% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.43 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.38% | +2.80 | 14.58% |
Noninterest income ($1.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂██▇▇▇▅ | Net Interest Margin (%) | 3.08% | 3.14% | 3.41% | 3.38% | 3.36% | 3.36% | 3.34% | 3.27% |
| ▄▁▅▄▄▃█▆ | Return on Assets (%) | 1.06% | 1.00% | 1.09% | 1.07% | 1.06% | 1.04% | 1.15% | 1.10% |
| ██▁▂▄▁▁▅ | Efficiency Ratio (%) | 62.1% | 62.2% | 60.3% | 60.5% | 61.0% | 60.2% | 60.2% | 61.4% |
| █▅▁▂▆▂▁▂ | Cost of Funds (%) | 2.18% | 1.99% | 1.77% | 1.83% | 2.03% | 1.84% | 1.74% | 1.82% |
| ▁▁▂▂▃▂▂█ | NPA / Assets (%) | 0.16% | 0.16% | 0.20% | 0.21% | 0.24% | 0.22% | 0.22% | 0.40% |
| ▁▁▂▂▃▂▂█ | Net Charge-Off Ratio (%) | 0.35% | 0.31% | 0.39% | 0.44% | 0.49% | 0.44% | 0.44% | 0.86% |
| ▃▂▃▁▂▇▇█ | Tang. Book Value ($M) | $77 | $74 | $77 | $64 | $72 | $100 | $101 | $107 |
| ▁▂▅▄▆▇██ | Gross Loans ($M) | $508 | $521 | $543 | $539 | $557 | $564 | $572 | $574 |
| ▂▁▃▆▅▅▇█ | Total Deposits ($M) | $978 | $954 | $991 | $1,045 | $1,034 | $1,040 | $1,079 | $1,098 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 12% |