Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.10 | 1.63% |
| Return on Equity (%) | ▼ | 17.38% | -2.10 | 19.48% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.14 | 3.92% |
| Efficiency Ratio (%) | ▲ | 51.48% | -0.03 | 51.50% |
| Pre-Provision Profit ($M) | ▲ | $27 | +3.08 | $24 |
| Cost of Funds (%) | ▲ | 0.76% | -0.15 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,662 | +398.55 | $4,264 |
| Gross Loans ($M) | ▲ | $2,926 | +161.87 | $2,764 |
| Loan Growth YoY (%) | ▼ | 69.19% | -1.35 | 70.54% |
| Total Deposits ($M) | ▲ | $4,175 | +304.22 | $3,871 |
| Shareholders Equity ($M) | ▲ | $468 | +93.61 | $374 |
| Tang. Book Value ($M) | ▲ | $447 | +93.04 | $354 |
| TBV excl. AOCI ($M)** | ▲ | $499 | +93.29 | $406 |
| Loan / Deposit Ratio (%) | ▼ | 69.19% | -1.35 | 70.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.07 | 0.38% |
| Allowance / Loans (%) | — | 1.26% | 0.05% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.15 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.56% | +1.76 | 14.81% |
Noninterest income ($9.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▇██ | Net Interest Margin (%) | 3.78% | 3.82% | 3.88% | 3.92% | 3.94% | 3.99% | 4.04% | 4.06% |
| ▁▂▁▃▆███ | Return on Assets (%) | 1.58% | 1.60% | 1.59% | 1.63% | 1.69% | 1.74% | 1.72% | 1.73% |
| █▇▅▄▂▁▅▄ | Efficiency Ratio (%) | 53.8% | 53.0% | 51.9% | 51.5% | 50.5% | 49.6% | 51.9% | 51.5% |
| ▅█▆▅▅▅▃▁ | Cost of Funds (%) | 0.91% | 1.00% | 0.93% | 0.91% | 0.90% | 0.90% | 0.83% | 0.76% |
| ██▄▇█▁▄▅ | NPA / Assets (%) | 0.42% | 0.39% | 0.29% | 0.38% | 0.41% | 0.17% | 0.28% | 0.30% |
| █▇▄▇█▁▃▄ | Net Charge-Off Ratio (%) | 0.65% | 0.59% | 0.44% | 0.56% | 0.64% | 0.27% | 0.38% | 0.42% |
| ▁▁▂▄▅▇██ | Tang. Book Value ($M) | $306 | $295 | $328 | $354 | $383 | $412 | $428 | $447 |
| ▁▂▃▅▆▇▇█ | Gross Loans ($M) | $2,582 | $2,640 | $2,678 | $2,764 | $2,803 | $2,849 | $2,880 | $2,926 |
| ▁▁▃▄▇▅▆█ | Total Deposits ($M) | $3,670 | $3,653 | $3,788 | $3,871 | $4,059 | $3,940 | $4,028 | $4,175 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 5% |