Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.27 | 0.11% |
| Return on Equity (%) | ▲ | 5.26% | +3.55 | 1.71% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.56 | 2.42% |
| Efficiency Ratio (%) | ▲ | 83.03% | -7.69 | 90.73% |
| Pre-Provision Profit ($M) | ▲ | $13 | +6.09 | $7 |
| Cost of Funds (%) | ▲ | 1.49% | -0.18 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,740 | +403.80 | $7,336 |
| Gross Loans ($M) | ▲ | $5,244 | +173.09 | $5,071 |
| Loan Growth YoY (%) | ▲ | 90.91% | +5.84 | 85.07% |
| Total Deposits ($M) | ▼ | $5,723 | -193.04 | $5,916 |
| Shareholders Equity ($M) | ▲ | $540 | +71.96 | $468 |
| Tang. Book Value ($M) | ▲ | $458 | +70.63 | $387 |
| TBV excl. AOCI ($M)** | ▲ | $544 | +80.67 | $464 |
| Loan / Deposit Ratio (%) | ▲ | 90.91% | +5.84 | 85.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.14 | 0.46% |
| Allowance / Loans (%) | — | 0.78% | 0.04% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.20 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.39% | -0.02 | 10.41% |
Noninterest income ($23.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 2.13% | 2.17% | 2.37% | 2.42% | 2.50% | 2.59% | 2.96% | 2.98% |
| ▂▂▁▁▄█▅█ | Return on Assets (%) | 0.16% | 0.17% | 0.13% | 0.11% | 0.21% | 0.39% | 0.25% | 0.37% |
| ███▇▃▁▄▄ | Efficiency Ratio (%) | 94.3% | 93.2% | 92.3% | 90.7% | 80.6% | 73.0% | 83.3% | 83.0% |
| █▆▅▅▄▂▁▂ | Cost of Funds (%) | 1.88% | 1.73% | 1.67% | 1.66% | 1.62% | 1.50% | 1.41% | 1.49% |
| ▁▁▁█▂▄▅▅ | NPA / Assets (%) | 0.10% | 0.13% | 0.11% | 0.46% | 0.16% | 0.26% | 0.31% | 0.32% |
| ▁▁▂█▃▄▆▆ | Net Charge-Off Ratio (%) | 0.08% | 0.13% | 0.16% | 0.66% | 0.23% | 0.37% | 0.45% | 0.47% |
| ▂▁▂▃▅███ | Tang. Book Value ($M) | $372 | $350 | $375 | $387 | $408 | $446 | $452 | $458 |
| ▁▂▃▅▅▆▆█ | Gross Loans ($M) | $4,864 | $4,937 | $4,977 | $5,071 | $5,055 | $5,124 | $5,123 | $5,244 |
| ▁▆█▆▅▃▃▄ | Total Deposits ($M) | $5,441 | $5,963 | $6,182 | $5,916 | $5,824 | $5,701 | $5,716 | $5,723 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 2% |