Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.07 | 1.40% |
| Return on Equity (%) | ▲ | 10.32% | +0.45 | 9.87% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.09 | 3.86% |
| Efficiency Ratio (%) | ▲ | 54.97% | -1.81 | 56.78% |
| Pre-Provision Profit ($M) | ▲ | $48 | +4.19 | $44 |
| Cost of Funds (%) | ▲ | 1.49% | -0.20 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,936 | +131.66 | $9,804 |
| Gross Loans ($M) | ▲ | $8,063 | +128.65 | $7,934 |
| Loan Growth YoY (%) | ▼ | 98.07% | -0.30 | 98.37% |
| Total Deposits ($M) | ▲ | $8,127 | +160.62 | $7,966 |
| Shareholders Equity ($M) | ▼ | $1,374 | -39.11 | $1,413 |
| Tang. Book Value ($M) | ▼ | $994 | -37.88 | $1,031 |
| TBV excl. AOCI ($M)** | ▼ | $1,044 | -38.35 | $1,082 |
| Loan / Deposit Ratio (%) | ▼ | 98.07% | -0.30 | 98.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.19 | 0.22% |
| Allowance / Loans (%) | — | 1.16% | -0.09% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.23 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.28% | -0.90 | 14.18% |
Noninterest income ($17.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▁▃▆█▆█ | Net Interest Margin (%) | 3.90% | 3.88% | 3.81% | 3.86% | 3.91% | 3.94% | 3.91% | 3.95% |
| ▁▁▅▂▄▄██ | Return on Assets (%) | 1.39% | 1.40% | 1.44% | 1.40% | 1.43% | 1.43% | 1.47% | 1.47% |
| ▄▄▆█▅▃▁▂ | Efficiency Ratio (%) | 55.3% | 55.5% | 56.2% | 56.8% | 55.9% | 55.2% | 54.5% | 55.0% |
| █▆▄▄▄▃▁▁ | Cost of Funds (%) | 1.92% | 1.81% | 1.67% | 1.69% | 1.70% | 1.60% | 1.50% | 1.49% |
| ▃▂▁▁▇█▇▅ | NPA / Assets (%) | 0.33% | 0.29% | 0.23% | 0.22% | 0.51% | 0.56% | 0.50% | 0.40% |
| ▃▂▁▁▇█▇▅ | Net Charge-Off Ratio (%) | 0.41% | 0.36% | 0.29% | 0.27% | 0.62% | 0.69% | 0.63% | 0.50% |
| ▁▁▃▅▇█▅▂ | Tang. Book Value ($M) | $968 | $970 | $1,006 | $1,031 | $1,059 | $1,081 | $1,025 | $994 |
| ▁▂▄▆▇█▆█ | Gross Loans ($M) | $7,689 | $7,743 | $7,836 | $7,934 | $7,981 | $8,073 | $7,960 | $8,063 |
| ▁▃▄▅▅▅█▇ | Total Deposits ($M) | $7,689 | $7,822 | $7,935 | $7,966 | $7,969 | $7,971 | $8,220 | $8,127 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |