Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.13 | 1.20% |
| Return on Equity (%) | ▼ | 12.22% | -1.19 | 13.41% |
| Net Interest Margin (%) | ▲ | 4.97% | +0.81 | 4.16% |
| Efficiency Ratio (%) | ▼ | 68.41% | +2.37 | 66.03% |
| Pre-Provision Profit ($M) | ▲ | $17 | +7.36 | $9 |
| Cost of Funds (%) | ▼ | 1.20% | +0.02 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,985 | +1727.25 | $2,258 |
| Gross Loans ($M) | ▲ | $2,985 | +1363.67 | $1,621 |
| Loan Growth YoY (%) | ▲ | 85.19% | +6.37 | 78.82% |
| Total Deposits ($M) | ▲ | $3,459 | +1428.72 | $2,030 |
| Shareholders Equity ($M) | ▲ | $489 | +282.23 | $206 |
| Tang. Book Value ($M) | ▲ | $355 | +182.16 | $172 |
| TBV excl. AOCI ($M)** | ▲ | $380 | +188.68 | $191 |
| Loan / Deposit Ratio (%) | ▲ | 85.19% | +6.37 | 78.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.33 | 0.06% |
| Allowance / Loans (%) | — | 1.28% | -0.01% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.42 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.04% | +0.29 | 11.75% |
Noninterest income ($12.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄▅█ | Net Interest Margin (%) | 3.82% | 3.87% | 4.04% | 4.16% | 4.25% | 4.29% | 4.41% | 4.97% |
| ▁▃▁▂▄▇▂█ | Return on Assets (%) | 1.17% | 1.22% | 1.15% | 1.20% | 1.23% | 1.29% | 1.18% | 1.33% |
| ▂▁▄▄▄▃██ | Efficiency Ratio (%) | 65.3% | 64.6% | 66.4% | 66.0% | 66.1% | 66.0% | 68.1% | 68.4% |
| █▆▄▄▄▃▁▅ | Cost of Funds (%) | 1.38% | 1.26% | 1.16% | 1.18% | 1.17% | 1.12% | 1.01% | 1.20% |
| ▁▁▁▁▁▄▅█ | NPA / Assets (%) | 0.08% | 0.07% | 0.05% | 0.06% | 0.04% | 0.21% | 0.23% | 0.39% |
| ▂▁▁▁▁▂▂█ | Net Charge-Off Ratio (%) | 0.11% | 0.08% | 0.07% | 0.08% | 0.05% | 0.17% | 0.12% | 0.51% |
| ▁▁▁▁▁▂▂█ | Tang. Book Value ($M) | $163 | $158 | $166 | $172 | $181 | $190 | $191 | $355 |
| ▁▁▁▁▁▁▂█ | Gross Loans ($M) | $1,522 | $1,563 | $1,582 | $1,621 | $1,668 | $1,697 | $1,752 | $2,985 |
| ▁▁▁▁▁▁▂█ | Total Deposits ($M) | $1,888 | $1,978 | $2,037 | $2,030 | $1,996 | $2,016 | $2,092 | $3,459 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |