Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.29 | 0.37% |
| Return on Equity (%) | ▲ | 8.03% | +3.08 | 4.95% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.33 | 2.76% |
| Efficiency Ratio (%) | ▲ | 73.69% | -9.94 | 83.63% |
| Pre-Provision Profit ($M) | ▲ | $16 | +4.19 | $12 |
| Cost of Funds (%) | ▲ | 1.71% | -0.26 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,655 | +120.12 | $6,535 |
| Gross Loans ($M) | ▲ | $4,257 | +309.21 | $3,948 |
| Loan Growth YoY (%) | ▲ | 72.28% | +5.99 | 66.28% |
| Total Deposits ($M) | ▼ | $5,830 | -66.31 | $5,896 |
| Shareholders Equity ($M) | ▲ | $561 | +62.44 | $499 |
| Tang. Book Value ($M) | ▲ | $528 | +61.64 | $466 |
| TBV excl. AOCI ($M)** | ▲ | $620 | +56.02 | $564 |
| Loan / Deposit Ratio (%) | ▲ | 72.28% | +5.99 | 66.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Allowance / Loans (%) | — | 1.02% | 0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.06 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.06% | +0.07 | 12.99% |
Noninterest income ($13.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇██ | Net Interest Margin (%) | 2.42% | 2.47% | 2.63% | 2.76% | 2.87% | 2.92% | 3.02% | 3.08% |
| ▁▂▁▃▅▆██ | Return on Assets (%) | 0.22% | 0.28% | 0.22% | 0.37% | 0.46% | 0.51% | 0.63% | 0.66% |
| █▇█▆▄▃▁▁ | Efficiency Ratio (%) | 89.5% | 87.1% | 89.0% | 83.6% | 80.6% | 79.3% | 73.5% | 73.7% |
| █▇▄▄▃▂▁▁ | Cost of Funds (%) | 2.36% | 2.22% | 2.02% | 1.97% | 1.89% | 1.77% | 1.67% | 1.71% |
| █▁▆▄▇▁▃▅ | NPA / Assets (%) | 0.26% | 0.16% | 0.23% | 0.20% | 0.23% | 0.15% | 0.19% | 0.21% |
| █▂▆▄▆▁▁▂ | Net Charge-Off Ratio (%) | 0.44% | 0.28% | 0.39% | 0.33% | 0.38% | 0.24% | 0.24% | 0.27% |
| ▂▁▂▃▄▆▇█ | Tang. Book Value ($M) | $459 | $443 | $459 | $466 | $485 | $504 | $513 | $528 |
| ▁▁▂▃▅▅██ | Gross Loans ($M) | $3,797 | $3,797 | $3,874 | $3,948 | $4,046 | $4,031 | $4,240 | $4,257 |
| ▂▆▃▄▅█▆▁ | Total Deposits ($M) | $5,865 | $5,932 | $5,870 | $5,896 | $5,902 | $5,974 | $5,938 | $5,830 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 19% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |