Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.28 | 1.43% |
| Return on Equity (%) | ▲ | 16.02% | +1.33 | 14.69% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.48 | 4.18% |
| Efficiency Ratio (%) | ▲ | 53.07% | -4.46 | 57.53% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.26 | $6 |
| Cost of Funds (%) | ▲ | 1.72% | -0.22 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,195 | +81.77 | $1,113 |
| Gross Loans ($M) | ▲ | $874 | +89.75 | $784 |
| Loan Growth YoY (%) | ▲ | 84.89% | +4.06 | 80.83% |
| Total Deposits ($M) | ▲ | $1,012 | +57.48 | $955 |
| Shareholders Equity ($M) | ▲ | $129 | +18.72 | $110 |
| Tang. Book Value ($M) | ▲ | $128 | +18.76 | $109 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +18.27 | $121 |
| Loan / Deposit Ratio (%) | ▲ | 84.89% | +4.06 | 80.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.97% | -0.05 | 1.02% |
| Allowance / Loans (%) | — | 1.62% | 0.09% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 1.30% | -0.12 | 1.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.95% | +0.17 | 13.78% |
Noninterest income ($2.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅██ | Net Interest Margin (%) | 3.92% | 3.95% | 3.97% | 4.18% | 4.31% | 4.37% | 4.64% | 4.65% |
| ▁▁▁▄▆▅██ | Return on Assets (%) | 1.22% | 1.26% | 1.19% | 1.43% | 1.53% | 1.48% | 1.67% | 1.71% |
| ██▆▄▃▃▁▁ | Efficiency Ratio (%) | 62.6% | 61.9% | 58.9% | 57.5% | 55.8% | 55.6% | 52.5% | 53.1% |
| ▆██▅▄▂▁▁ | Cost of Funds (%) | 2.00% | 2.11% | 2.06% | 1.95% | 1.87% | 1.81% | 1.72% | 1.72% |
| ▁█▇▆▆▇▆▅ | NPA / Assets (%) | 0.82% | 1.11% | 1.07% | 1.02% | 1.02% | 1.06% | 1.00% | 0.97% |
| ▁██▇▆▇▅▄ | Net Charge-Off Ratio (%) | 1.11% | 1.52% | 1.48% | 1.42% | 1.39% | 1.46% | 1.33% | 1.30% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $104 | $103 | $107 | $109 | $117 | $121 | $123 | $128 |
| ▁▁▁▁▄▅▆█ | Gross Loans ($M) | $774 | $775 | $784 | $784 | $819 | $825 | $846 | $874 |
| ▁▂▄▅▄▇▇█ | Total Deposits ($M) | $884 | $914 | $937 | $955 | $939 | $981 | $984 | $1,012 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |