Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.29 | 1.16% |
| Return on Equity (%) | ▼ | 9.91% | -0.37 | 10.28% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.32 | 3.70% |
| Efficiency Ratio (%) | ▲ | 58.42% | -4.43 | 62.85% |
| Pre-Provision Profit ($M) | ▲ | $20 | +4.75 | $15 |
| Cost of Funds (%) | ▲ | 1.57% | -0.37 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,286 | +109.69 | $4,177 |
| Gross Loans ($M) | ▲ | $3,263 | +101.55 | $3,162 |
| Loan Growth YoY (%) | ▼ | 92.42% | -4.99 | 97.40% |
| Total Deposits ($M) | ▲ | $3,486 | +281.44 | $3,205 |
| Shareholders Equity ($M) | ▲ | $635 | +162.95 | $472 |
| Tang. Book Value ($M) | ▲ | $493 | +153.56 | $339 |
| TBV excl. AOCI ($M)** | ▲ | $526 | +154.80 | $371 |
| Loan / Deposit Ratio (%) | ▼ | 92.42% | -4.99 | 97.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.14 | 0.55% |
| Allowance / Loans (%) | — | 1.28% | -0.00% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.19 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.39% | +4.14 | 12.25% |
Noninterest income ($8.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 3.34% | 3.39% | 3.63% | 3.70% | 3.71% | 3.82% | 3.97% | 4.02% |
| ▁▁▄▅▅▅██ | Return on Assets (%) | 0.84% | 0.89% | 1.13% | 1.16% | 1.22% | 1.22% | 1.46% | 1.45% |
| ██▃▃▃▃▂▁ | Efficiency Ratio (%) | 70.4% | 69.4% | 62.8% | 62.9% | 62.2% | 62.6% | 60.0% | 58.4% |
| █▆▅▅▅▂▁▁ | Cost of Funds (%) | 2.20% | 2.02% | 1.91% | 1.94% | 1.90% | 1.68% | 1.57% | 1.57% |
| ▁██▄▄█▇▇ | NPA / Assets (%) | 0.41% | 0.76% | 0.76% | 0.55% | 0.56% | 0.72% | 0.69% | 0.70% |
| ▁██▄▄█▇▇ | Net Charge-Off Ratio (%) | 0.54% | 1.01% | 1.00% | 0.73% | 0.74% | 0.95% | 0.92% | 0.92% |
| ▁▁▁▁▆███ | Tang. Book Value ($M) | $341 | $327 | $335 | $339 | $437 | $474 | $487 | $493 |
| ▁▂▂▄▂█▇█ | Gross Loans ($M) | $3,052 | $3,082 | $3,108 | $3,162 | $3,104 | $3,277 | $3,237 | $3,263 |
| ▁▁▂▁▁███ | Total Deposits ($M) | $3,225 | $3,221 | $3,251 | $3,205 | $3,240 | $3,490 | $3,521 | $3,486 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 17% |