Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.40% | +1.52 | 2.88% |
| Return on Equity (%) | ▲ | 50.51% | +24.09 | 26.42% |
| Net Interest Margin (%) | ▼ | 4.51% | -0.66 | 5.17% |
| Efficiency Ratio (%) | ▲ | 38.68% | -9.69 | 48.37% |
| Pre-Provision Profit ($M) | ▲ | $47 | +22.04 | $25 |
| Cost of Funds (%) | ▼ | 3.06% | +0.19 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,473 | +1127.01 | $1,346 |
| Gross Loans ($M) | ▲ | $2,051 | +940.81 | $1,110 |
| Loan Growth YoY (%) | ▼ | 90.04% | -2.25 | 92.29% |
| Total Deposits ($M) | ▲ | $2,219 | +1062.66 | $1,157 |
| Shareholders Equity ($M) | ▲ | $205 | +55.03 | $150 |
| Tang. Book Value ($M) | ▲ | $178 | +60.47 | $117 |
| Loan / Deposit Ratio (%) | ▼ | 90.04% | -2.25 | 92.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 6.10% | +2.05 | 4.04% |
| Allowance / Loans (%) | — | 2.57% | -1.27% | 3.84% |
| Net Charge-Off Ratio (%) | ▼ | 7.19% | +2.35 | 4.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.46% | -1.49 | 12.96% |
Noninterest income ($50.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▆▆▆▁▁ | Net Interest Margin (%) | 5.55% | 5.25% | 5.01% | 5.17% | 5.23% | 5.21% | 4.41% | 4.51% |
| ██▁▂▃▂▅▅ | Return on Assets (%) | 6.05% | 6.01% | 1.96% | 2.88% | 3.10% | 2.93% | 4.15% | 4.40% |
| ▄▄████▂▁ | Efficiency Ratio (%) | 43.5% | 42.4% | 48.1% | 48.4% | 47.8% | 48.0% | 40.0% | 38.7% |
| █▄▇▁▃▁▂▄ | Cost of Funds (%) | 3.32% | 3.04% | 3.25% | 2.87% | 2.98% | 2.81% | 2.88% | 3.06% |
| ▁▁▄▄▇▆▅█ | NPA / Assets (%) | 2.22% | 2.06% | 3.69% | 4.04% | 5.20% | 5.07% | 4.56% | 6.10% |
| ▁▁▄▄▆▆▅█ | Net Charge-Off Ratio (%) | 3.08% | 3.24% | 4.76% | 4.84% | 5.96% | 6.11% | 5.62% | 7.19% |
| ▁▁▂▂▄▄▆█ | Tang. Book Value ($M) | $97 | $105 | $110 | $117 | $132 | $137 | $154 | $178 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $659 | $774 | $936 | $1,110 | $1,270 | $1,415 | $1,689 | $2,051 |
| ▁▂▂▃▃▅▇█ | Total Deposits ($M) | $746 | $1,043 | $1,068 | $1,157 | $1,285 | $1,513 | $1,936 | $2,219 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 10% |