Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.96% | -0.03 | 1.98% |
| Return on Equity (%) | ▼ | 19.17% | -0.79 | 19.96% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.06 | 3.90% |
| Efficiency Ratio (%) | ▲ | 47.54% | -0.97 | 48.51% |
| Pre-Provision Profit ($M) | ▲ | $43 | +2.73 | $40 |
| Cost of Funds (%) | ▲ | 1.15% | -0.15 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,756 | +176.65 | $6,580 |
| Gross Loans ($M) | ▲ | $4,506 | +167.43 | $4,339 |
| Loan Growth YoY (%) | ▲ | 82.67% | +1.40 | 81.27% |
| Total Deposits ($M) | ▲ | $5,426 | +111.84 | $5,314 |
| Shareholders Equity ($M) | ▲ | $719 | +26.20 | $692 |
| Tang. Book Value ($M) | ▲ | $562 | +28.27 | $533 |
| TBV excl. AOCI ($M)** | ▲ | $635 | +23.99 | $611 |
| Loan / Deposit Ratio (%) | ▲ | 82.67% | +1.40 | 81.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.06 | 0.22% |
| Allowance / Loans (%) | — | 0.45% | -0.00% | 0.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.10 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.01% | -0.10 | 15.10% |
Noninterest income ($21.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▁▅██▆█ | Net Interest Margin (%) | 3.90% | 3.89% | 3.81% | 3.90% | 3.97% | 3.98% | 3.94% | 3.97% |
| ▁▁▁▆█▇▃▅ | Return on Assets (%) | 1.88% | 1.86% | 1.88% | 1.98% | 2.03% | 2.01% | 1.92% | 1.96% |
| ▅▄█▅▁▁▄▁ | Efficiency Ratio (%) | 48.4% | 48.3% | 49.1% | 48.5% | 47.5% | 47.5% | 48.1% | 47.5% |
| ▇█▅▅▄▃▁▁ | Cost of Funds (%) | 1.39% | 1.44% | 1.30% | 1.30% | 1.26% | 1.24% | 1.13% | 1.15% |
| █▇█▆▆▆▂▁ | NPA / Assets (%) | 0.25% | 0.23% | 0.25% | 0.22% | 0.21% | 0.21% | 0.18% | 0.16% |
| █▆█▆▅▅▂▁ | Net Charge-Off Ratio (%) | 0.37% | 0.33% | 0.37% | 0.32% | 0.31% | 0.31% | 0.25% | 0.22% |
| ▇▁▃▆█▄▅▇ | Tang. Book Value ($M) | $553 | $445 | $493 | $533 | $581 | $499 | $528 | $562 |
| ▁▃▃▅▆███ | Gross Loans ($M) | $4,157 | $4,273 | $4,285 | $4,339 | $4,412 | $4,507 | $4,495 | $4,506 |
| ▁▄▆▅▅███ | Total Deposits ($M) | $5,122 | $5,260 | $5,354 | $5,314 | $5,312 | $5,450 | $5,449 | $5,426 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |