Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.37 | 1.16% |
| Return on Equity (%) | ▲ | 12.39% | +1.82 | 10.57% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.55 | 3.20% |
| Efficiency Ratio (%) | ▲ | 54.69% | -5.59 | 60.28% |
| Pre-Provision Profit ($M) | ▲ | $23 | +5.03 | $18 |
| Cost of Funds (%) | ▲ | 1.51% | -0.36 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $4,339 | -3.26 | $4,342 |
| Gross Loans ($M) | ▼ | $3,432 | -58.02 | $3,490 |
| Loan Growth YoY (%) | ▼ | 90.41% | -0.45 | 90.86% |
| Total Deposits ($M) | ▼ | $3,750 | -44.38 | $3,795 |
| Shareholders Equity ($M) | ▲ | $560 | +62.85 | $497 |
| Tang. Book Value ($M) | ▲ | $540 | +62.86 | $477 |
| TBV excl. AOCI ($M)** | ▲ | $561 | +61.69 | $500 |
| Loan / Deposit Ratio (%) | ▼ | 90.41% | -0.45 | 90.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.25 | 0.24% |
| Allowance / Loans (%) | — | 1.22% | -0.00% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.32 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.85% | +1.79 | 14.06% |
Noninterest income ($9.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 2.68% | 2.77% | 3.07% | 3.20% | 3.28% | 3.38% | 3.66% | 3.75% |
| ▁▁▂▃▅▆▇█ | Return on Assets (%) | 0.95% | 0.99% | 1.04% | 1.16% | 1.25% | 1.32% | 1.44% | 1.54% |
| ██▇▄▃▃▂▁ | Efficiency Ratio (%) | 65.9% | 64.8% | 63.2% | 60.3% | 58.6% | 57.8% | 56.7% | 54.7% |
| █▇▅▅▄▃▁▁ | Cost of Funds (%) | 2.20% | 2.09% | 1.88% | 1.86% | 1.83% | 1.69% | 1.53% | 1.51% |
| ▂▁▁▄▃▅▃█ | NPA / Assets (%) | 0.15% | 0.12% | 0.08% | 0.24% | 0.23% | 0.33% | 0.23% | 0.49% |
| ▂▁▁▄▄▅▄█ | Net Charge-Off Ratio (%) | 0.17% | 0.13% | 0.08% | 0.29% | 0.28% | 0.40% | 0.29% | 0.61% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $447 | $447 | $459 | $477 | $493 | $513 | $520 | $540 |
| ████▆▃▁▄ | Gross Loans ($M) | $3,503 | $3,494 | $3,497 | $3,490 | $3,467 | $3,418 | $3,385 | $3,432 |
| ▂▆▇▃▄▃█▁ | Total Deposits ($M) | $3,783 | $3,843 | $3,871 | $3,795 | $3,811 | $3,790 | $3,889 | $3,750 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 9% |