Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.82% | -0.06 | 2.88% |
| Return on Equity (%) | ▼ | 13.85% | -1.60 | 15.45% |
| Net Interest Margin (%) | ▼ | 4.96% | -0.11 | 5.07% |
| Efficiency Ratio (%) | ▲ | 36.53% | -0.48 | 37.00% |
| Pre-Provision Profit ($M) | ▲ | $90 | +3.02 | $87 |
| Cost of Funds (%) | ▲ | 1.38% | -0.09 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $10,195 | +468.15 | $9,727 |
| Gross Loans ($M) | ▲ | $7,225 | +676.72 | $6,548 |
| Loan Growth YoY (%) | ▲ | 107.32% | +9.34 | 97.98% |
| Total Deposits ($M) | ▲ | $6,626 | +56.54 | $6,570 |
| Shareholders Equity ($M) | ▲ | $2,067 | +250.04 | $1,817 |
| Tang. Book Value ($M) | ▲ | $1,840 | +250.16 | $1,590 |
| TBV excl. AOCI ($M)** | ▲ | $1,927 | +246.96 | $1,680 |
| Loan / Deposit Ratio (%) | ▲ | 107.32% | +9.34 | 97.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.58% | +0.82 | 0.76% |
| Allowance / Loans (%) | — | 1.56% | -0.12% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 2.21% | +1.13 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.11% | +0.98 | 20.13% |
Noninterest income ($30.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▃▃▄▁▁ | Net Interest Margin (%) | 5.32% | 5.30% | 5.06% | 5.07% | 5.08% | 5.12% | 4.95% | 4.96% |
| ▁█▅▇▇█▃▄ | Return on Assets (%) | 2.75% | 2.91% | 2.85% | 2.88% | 2.88% | 2.92% | 2.80% | 2.82% |
| ▂▁▇██▅▅▆ | Efficiency Ratio (%) | 35.3% | 34.9% | 36.6% | 37.0% | 37.1% | 36.2% | 36.3% | 36.5% |
| ██▄▄▆▄▁▁ | Cost of Funds (%) | 1.60% | 1.60% | 1.47% | 1.47% | 1.52% | 1.48% | 1.37% | 1.38% |
| ▂▃▂▂▂▁▁█ | NPA / Assets (%) | 0.82% | 0.85% | 0.80% | 0.76% | 0.73% | 0.58% | 0.59% | 1.58% |
| ▂▂▂▂▂▁▁█ | Net Charge-Off Ratio (%) | 1.14% | 1.12% | 1.06% | 1.07% | 1.02% | 0.79% | 0.81% | 2.21% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $1,458 | $1,511 | $1,536 | $1,590 | $1,663 | $1,745 | $1,805 | $1,840 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $6,246 | $6,429 | $6,523 | $6,548 | $6,782 | $6,862 | $7,041 | $7,225 |
| ▁▁▇▇▆▆▅█ | Total Deposits ($M) | $6,396 | $6,386 | $6,567 | $6,570 | $6,546 | $6,545 | $6,519 | $6,626 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 11% |