Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.21 | 1.14% |
| Return on Equity (%) | ▲ | 10.98% | +0.82 | 10.16% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.16 | 2.93% |
| Efficiency Ratio (%) | ▲ | 50.98% | -3.50 | 54.48% |
| Pre-Provision Profit ($M) | ▲ | $37 | +7.21 | $30 |
| Cost of Funds (%) | ▲ | 1.96% | -0.07 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,759 | +424.18 | $8,335 |
| Gross Loans ($M) | ▲ | $4,950 | +347.55 | $4,602 |
| Loan Growth YoY (%) | ▲ | 79.45% | +10.78 | 68.66% |
| Total Deposits ($M) | ▼ | $6,173 | -464.83 | $6,638 |
| Shareholders Equity ($M) | ▲ | $1,084 | +135.29 | $948 |
| Tang. Book Value ($M) | ▲ | $883 | +135.93 | $747 |
| TBV excl. AOCI ($M)** | ▲ | $1,022 | +138.51 | $883 |
| Loan / Deposit Ratio (%) | ▲ | 79.45% | +10.78 | 68.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.05 | 0.06% |
| Allowance / Loans (%) | — | 0.92% | -0.04% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.09 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.28% | +0.36 | 15.92% |
Noninterest income ($13.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▁▃▅█▇ | Net Interest Margin (%) | 2.96% | 2.94% | 2.90% | 2.93% | 2.98% | 3.04% | 3.13% | 3.09% |
| ▅▅▅▅▁▂██ | Return on Assets (%) | 1.17% | 1.16% | 1.13% | 1.14% | 0.89% | 0.97% | 1.30% | 1.35% |
| ▅▅▇█▆▃▂▁ | Efficiency Ratio (%) | 52.7% | 53.1% | 54.0% | 54.5% | 53.4% | 52.1% | 51.7% | 51.0% |
| █▆▆▄▄▂▁▃ | Cost of Funds (%) | 2.30% | 2.16% | 2.13% | 2.03% | 2.05% | 1.88% | 1.82% | 1.96% |
| ▅▁▂▃▆█▇▇ | NPA / Assets (%) | 0.09% | 0.04% | 0.06% | 0.06% | 0.10% | 0.13% | 0.11% | 0.11% |
| ▅▁▂▃▆█▇▇ | Net Charge-Off Ratio (%) | 0.16% | 0.07% | 0.09% | 0.11% | 0.17% | 0.22% | 0.19% | 0.19% |
| ▁▁▁▁▅▇▇█ | Tang. Book Value ($M) | $740 | $739 | $732 | $747 | $824 | $863 | $851 | $883 |
| ▁▂▁▁▅▆██ | Gross Loans ($M) | $4,579 | $4,664 | $4,568 | $4,602 | $4,766 | $4,819 | $4,948 | $4,950 |
| ▃▅▅▅█▇▇▁ | Total Deposits ($M) | $6,446 | $6,672 | $6,622 | $6,638 | $7,067 | $6,943 | $6,879 | $6,173 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |