Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.11 | 1.09% |
| Return on Equity (%) | ▲ | 14.16% | +1.41 | 12.75% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.12 | 3.53% |
| Efficiency Ratio (%) | ▲ | 57.30% | -0.95 | 58.25% |
| Pre-Provision Profit ($M) | ▲ | $34 | +2.26 | $32 |
| Cost of Funds (%) | ▲ | 0.80% | -0.11 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,495 | +132.03 | $7,363 |
| Gross Loans ($M) | ▲ | $5,311 | +20.88 | $5,290 |
| Loan Growth YoY (%) | ▼ | 78.34% | -1.34 | 79.68% |
| Total Deposits ($M) | ▲ | $6,702 | +137.35 | $6,564 |
| Shareholders Equity ($M) | ▼ | $638 | -12.15 | $650 |
| Tang. Book Value ($M) | ▼ | $630 | -12.08 | $642 |
| TBV excl. AOCI ($M)** | ▼ | $699 | -10.33 | $709 |
| Loan / Deposit Ratio (%) | ▼ | 78.34% | -1.34 | 79.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.01 | 0.23% |
| Allowance / Loans (%) | — | 1.14% | 0.01% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.02 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.44% | -0.70 | 14.15% |
Noninterest income ($15.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇▇███ | Net Interest Margin (%) | 3.12% | 3.17% | 3.45% | 3.53% | 3.58% | 3.61% | 3.62% | 3.65% |
| ▁▁▅▆▆▇██ | Return on Assets (%) | 0.91% | 0.88% | 1.05% | 1.09% | 1.09% | 1.15% | 1.19% | 1.21% |
| █▇▃▂▃▃▁▁ | Efficiency Ratio (%) | 61.8% | 61.0% | 59.0% | 58.3% | 58.9% | 58.5% | 57.8% | 57.3% |
| █▆▄▃▃▂▁▁ | Cost of Funds (%) | 1.21% | 1.10% | 0.97% | 0.91% | 0.92% | 0.85% | 0.80% | 0.80% |
| ▁▁▁█▇▇▅█ | NPA / Assets (%) | 0.17% | 0.16% | 0.16% | 0.23% | 0.21% | 0.22% | 0.20% | 0.22% |
| ▁▁▁█▆▇▅▇ | Net Charge-Off Ratio (%) | 0.23% | 0.22% | 0.22% | 0.32% | 0.29% | 0.30% | 0.28% | 0.30% |
| ▁▁▄▆█▃▃▄ | Tang. Book Value ($M) | $610 | $607 | $629 | $642 | $662 | $625 | $627 | $630 |
| ▆▅▅▁█▁▄▃ | Gross Loans ($M) | $5,344 | $5,339 | $5,337 | $5,290 | $5,369 | $5,290 | $5,323 | $5,311 |
| ▃▆▄▁▂▃██ | Total Deposits ($M) | $6,606 | $6,667 | $6,617 | $6,564 | $6,597 | $6,615 | $6,705 | $6,702 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 10% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |