Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.49 | 1.25% |
| Return on Equity (%) | ▲ | 20.65% | +3.03 | 17.62% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.19 | 3.22% |
| Efficiency Ratio (%) | ▲ | 57.85% | -6.23 | 64.08% |
| Pre-Provision Profit ($M) | ▲ | $27 | +6.05 | $21 |
| Cost of Funds (%) | ▲ | 1.22% | -0.43 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,423 | -377.56 | $5,800 |
| Gross Loans ($M) | ▼ | $3,171 | -381.39 | $3,552 |
| Loan Growth YoY (%) | ▼ | 64.58% | -3.71 | 68.29% |
| Total Deposits ($M) | ▼ | $4,857 | -290.14 | $5,147 |
| Shareholders Equity ($M) | ▲ | $493 | +72.81 | $420 |
| Tang. Book Value ($M) | ▲ | $473 | +72.48 | $401 |
| TBV excl. AOCI ($M)** | ▲ | $556 | +71.35 | $484 |
| Loan / Deposit Ratio (%) | ▼ | 64.58% | -3.71 | 68.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.19 | 0.36% |
| Allowance / Loans (%) | — | 1.08% | 0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.08 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.72% | +3.09 | 13.63% |
Noninterest income ($14.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅▅█ | Net Interest Margin (%) | 3.03% | 3.07% | 3.19% | 3.22% | 3.25% | 3.24% | 3.26% | 3.41% |
| ▁▁▂▃▄▄▆█ | Return on Assets (%) | 1.07% | 1.15% | 1.19% | 1.25% | 1.33% | 1.35% | 1.52% | 1.74% |
| ██▇▆▆▆▂▁ | Efficiency Ratio (%) | 66.4% | 67.2% | 65.2% | 64.1% | 63.9% | 64.1% | 60.1% | 57.9% |
| ██▅▅▅▅▂▁ | Cost of Funds (%) | 2.03% | 1.96% | 1.68% | 1.65% | 1.71% | 1.63% | 1.42% | 1.22% |
| ▆▇▇▆▆█▁▂ | NPA / Assets (%) | 0.33% | 0.38% | 0.37% | 0.36% | 0.33% | 0.44% | 0.11% | 0.17% |
| █▁▁▁▁▃▁▂ | Net Charge-Off Ratio (%) | 0.53% | 0.14% | 0.13% | 0.11% | 0.12% | 0.24% | 0.12% | 0.19% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $389 | $366 | $392 | $401 | $433 | $455 | $452 | $473 |
| ▆▇▇█▆▃▃▁ | Gross Loans ($M) | $3,415 | $3,492 | $3,475 | $3,552 | $3,456 | $3,301 | $3,267 | $3,171 |
| ▇▇▆▅██▆▁ | Total Deposits ($M) | $5,245 | $5,231 | $5,177 | $5,147 | $5,282 | $5,332 | $5,196 | $4,857 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Consumer | 5% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 4% |