Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.42 | 0.63% |
| Return on Equity (%) | ▲ | 7.40% | +2.92 | 4.48% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.16 | 3.36% |
| Efficiency Ratio (%) | ▲ | 62.77% | -7.85 | 70.62% |
| Pre-Provision Profit ($M) | ▲ | $15 | +3.74 | $11 |
| Cost of Funds (%) | ▲ | 2.28% | -0.21 | 2.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,228 | +231.99 | $2,996 |
| Gross Loans ($M) | ▲ | $2,490 | +129.28 | $2,361 |
| Loan Growth YoY (%) | ▼ | 91.65% | -3.19 | 94.84% |
| Total Deposits ($M) | ▲ | $2,680 | +224.62 | $2,455 |
| Shareholders Equity ($M) | ▲ | $471 | +49.51 | $421 |
| Tang. Book Value ($M) | ▲ | $451 | +50.09 | $401 |
| TBV excl. AOCI ($M)** | ▲ | $470 | +52.88 | $417 |
| Loan / Deposit Ratio (%) | ▼ | 91.65% | -3.19 | 94.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.22 | 0.59% |
| Allowance / Loans (%) | — | 1.38% | 0.00% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 1.05% | +0.32 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.02% | +0.90 | 16.12% |
Noninterest income ($12.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▄▅▆▄█ | Net Interest Margin (%) | 3.30% | 3.28% | 3.23% | 3.36% | 3.41% | 3.43% | 3.37% | 3.53% |
| ▄▄▂▁▃▄██ | Return on Assets (%) | 0.84% | 0.81% | 0.73% | 0.63% | 0.76% | 0.82% | 1.01% | 1.05% |
| ███▆▅▄▁▁ | Efficiency Ratio (%) | 73.7% | 73.6% | 73.2% | 70.6% | 69.0% | 67.5% | 63.3% | 62.8% |
| ▆█▇▅▃▂▁▁ | Cost of Funds (%) | 2.55% | 2.64% | 2.60% | 2.50% | 2.38% | 2.34% | 2.30% | 2.28% |
| ▁▁█▁▂▂█▆ | NPA / Assets (%) | 0.62% | 0.59% | 0.91% | 0.59% | 0.65% | 0.65% | 0.88% | 0.81% |
| ▃▁█▁▂▄█▆ | Net Charge-Off Ratio (%) | 0.86% | 0.74% | 1.15% | 0.73% | 0.83% | 0.89% | 1.15% | 1.05% |
| ▂▁▂▂▃▇██ | Tang. Book Value ($M) | $399 | $387 | $397 | $401 | $410 | $440 | $444 | $451 |
| ▁▅▅▆█▇██ | Gross Loans ($M) | $2,037 | $2,310 | $2,313 | $2,361 | $2,446 | $2,429 | $2,486 | $2,490 |
| ▁▂▂▃▆██▇ | Total Deposits ($M) | $2,295 | $2,394 | $2,402 | $2,455 | $2,602 | $2,775 | $2,731 | $2,680 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 22% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |