Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.46 | 0.96% |
| Return on Equity (%) | ▲ | 11.40% | +3.55 | 7.85% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.38 | 3.28% |
| Efficiency Ratio (%) | ▲ | 54.98% | -5.98 | 60.96% |
| Pre-Provision Profit ($M) | ▲ | $23 | +7.79 | $15 |
| Cost of Funds (%) | ▲ | 1.42% | -0.34 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,734 | +627.99 | $4,106 |
| Gross Loans ($M) | ▲ | $3,624 | +468.89 | $3,155 |
| Loan Growth YoY (%) | ▼ | 93.05% | -1.72 | 94.77% |
| Total Deposits ($M) | ▲ | $3,861 | +561.37 | $3,299 |
| Shareholders Equity ($M) | ▲ | $596 | +92.55 | $503 |
| Tang. Book Value ($M) | ▲ | $435 | +57.91 | $377 |
| TBV excl. AOCI ($M)** | ▲ | $465 | +61.57 | $404 |
| Loan / Deposit Ratio (%) | ▼ | 93.05% | -1.72 | 94.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.17 | 0.25% |
| Allowance / Loans (%) | — | 0.89% | -0.03% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.01 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.72% | -0.06 | 12.77% |
Noninterest income ($11.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▆██ | Net Interest Margin (%) | 3.25% | 3.25% | 3.24% | 3.28% | 3.44% | 3.56% | 3.64% | 3.66% |
| ▆▆▄▁▁▂▇█ | Return on Assets (%) | 1.26% | 1.26% | 1.15% | 0.96% | 0.96% | 1.03% | 1.34% | 1.42% |
| ▅▅▇███▂▁ | Efficiency Ratio (%) | 59.0% | 58.5% | 60.2% | 61.0% | 61.8% | 61.5% | 56.4% | 55.0% |
| █▆▇▇▂▁▁▁ | Cost of Funds (%) | 1.85% | 1.71% | 1.74% | 1.75% | 1.50% | 1.47% | 1.44% | 1.42% |
| ▁▁▁▂▁▂█▆ | NPA / Assets (%) | 0.18% | 0.17% | 0.20% | 0.25% | 0.21% | 0.25% | 0.50% | 0.41% |
| ▁▁▁▂▂▂█▂ | Net Charge-Off Ratio (%) | 0.23% | 0.22% | 0.26% | 0.32% | 0.28% | 0.32% | 0.65% | 0.32% |
| ▃▁▁▂▄▆▇█ | Tang. Book Value ($M) | $387 | $367 | $375 | $377 | $399 | $412 | $423 | $435 |
| ▁▁▁▂████ | Gross Loans ($M) | $3,083 | $3,148 | $3,126 | $3,155 | $3,589 | $3,611 | $3,597 | $3,624 |
| ▁▁▁▁█▇█▇ | Total Deposits ($M) | $3,270 | $3,275 | $3,306 | $3,299 | $3,960 | $3,834 | $3,875 | $3,861 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |