Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.09 | 1.06% |
| Return on Equity (%) | ▲ | 14.72% | +0.75 | 13.97% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.03 | 4.12% |
| Efficiency Ratio (%) | ▲ | 73.37% | -0.09 | 73.46% |
| Pre-Provision Profit ($M) | ▼ | $18 | -0.29 | $18 |
| Cost of Funds (%) | ▲ | 1.33% | -0.06 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,967 | +119.72 | $5,847 |
| Gross Loans ($M) | ▲ | $4,812 | +146.49 | $4,666 |
| Loan Growth YoY (%) | ▲ | 89.22% | +1.12 | 88.10% |
| Total Deposits ($M) | ▲ | $5,309 | +96.06 | $5,213 |
| Shareholders Equity ($M) | ▲ | $466 | +16.21 | $450 |
| Tang. Book Value ($M) | ▲ | $459 | +17.54 | $442 |
| TBV excl. AOCI ($M)** | ▲ | $474 | +13.50 | $460 |
| Loan / Deposit Ratio (%) | ▲ | 89.22% | +1.12 | 88.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.11 | 0.43% |
| Allowance / Loans (%) | — | 1.56% | 0.00% | 1.55% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.14 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.69% | -0.08 | 10.78% |
Noninterest income ($13.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▇▇ | Net Interest Margin (%) | 3.74% | 3.83% | 4.05% | 4.12% | 4.13% | 4.16% | 4.10% | 4.09% |
| ▁▁▅▅▇███ | Return on Assets (%) | 0.90% | 0.93% | 1.04% | 1.06% | 1.12% | 1.15% | 1.17% | 1.15% |
| ██▄▃▂▁▁▃ | Efficiency Ratio (%) | 76.2% | 75.7% | 73.9% | 73.5% | 72.8% | 72.5% | 72.2% | 73.4% |
| █▅▃▁▂▂▁▁ | Cost of Funds (%) | 1.91% | 1.67% | 1.49% | 1.39% | 1.43% | 1.47% | 1.35% | 1.33% |
| ▅▆█▅▃▃▁▂ | NPA / Assets (%) | 0.43% | 0.46% | 0.55% | 0.43% | 0.37% | 0.36% | 0.27% | 0.32% |
| ▅▆█▅▃▃▁▂ | Net Charge-Off Ratio (%) | 0.55% | 0.58% | 0.69% | 0.54% | 0.47% | 0.43% | 0.34% | 0.39% |
| ▁▁▃▄▇▇██ | Tang. Book Value ($M) | $424 | $426 | $436 | $442 | $453 | $453 | $456 | $459 |
| ▁▁▂▂▄▆▄█ | Gross Loans ($M) | $4,619 | $4,621 | $4,662 | $4,666 | $4,705 | $4,760 | $4,709 | $4,812 |
| ▃▁▂▁█▃▃▄ | Total Deposits ($M) | $5,289 | $5,179 | $5,219 | $5,213 | $5,473 | $5,260 | $5,270 | $5,309 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 4% |