Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.39 | 0.91% |
| Return on Equity (%) | ▲ | 10.61% | +3.06 | 7.55% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.09 | 3.45% |
| Efficiency Ratio (%) | ▲ | 62.23% | -4.97 | 67.20% |
| Pre-Provision Profit ($M) | ▲ | $29 | +4.53 | $25 |
| Cost of Funds (%) | ▲ | 1.67% | -0.22 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,068 | +22.76 | $7,046 |
| Gross Loans ($M) | ▲ | $5,378 | +25.60 | $5,353 |
| Loan Growth YoY (%) | ▼ | 94.20% | -1.97 | 96.17% |
| Total Deposits ($M) | ▲ | $5,628 | +145.17 | $5,483 |
| Shareholders Equity ($M) | ▲ | $863 | +46.19 | $816 |
| Tang. Book Value ($M) | ▲ | $816 | +45.28 | $770 |
| TBV excl. AOCI ($M)** | ▲ | $869 | +46.74 | $823 |
| Loan / Deposit Ratio (%) | ▼ | 94.20% | -1.97 | 96.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.09 | 0.27% |
| Allowance / Loans (%) | — | 1.42% | -0.07% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.12 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.62% | +1.00 | 14.62% |
Noninterest income ($17.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▃▆▇▅█ | Net Interest Margin (%) | 3.43% | 3.43% | 3.41% | 3.45% | 3.50% | 3.52% | 3.48% | 3.54% |
| ▁▁▄▁▃▄▇█ | Return on Assets (%) | 0.94% | 0.90% | 1.05% | 0.91% | 1.02% | 1.07% | 1.24% | 1.30% |
| ██▇▆▅▅▁▁ | Efficiency Ratio (%) | 69.3% | 69.3% | 68.0% | 67.2% | 66.2% | 65.8% | 62.8% | 62.2% |
| █▅▃▄▄▃▁▁ | Cost of Funds (%) | 2.20% | 1.99% | 1.83% | 1.89% | 1.91% | 1.85% | 1.72% | 1.67% |
| █▁▂██▅▅▃ | NPA / Assets (%) | 0.27% | 0.13% | 0.16% | 0.27% | 0.26% | 0.21% | 0.21% | 0.18% |
| █▁▂██▅▅▃ | Net Charge-Off Ratio (%) | 0.36% | 0.18% | 0.21% | 0.35% | 0.34% | 0.28% | 0.28% | 0.23% |
| ▁▁▄▁▄▆█▆ | Tang. Book Value ($M) | $765 | $773 | $795 | $770 | $794 | $817 | $835 | $816 |
| ▁▂▄▇█▆▆█ | Gross Loans ($M) | $4,995 | $5,052 | $5,176 | $5,353 | $5,418 | $5,275 | $5,289 | $5,378 |
| ▁▃▂▄▆█▇▅ | Total Deposits ($M) | $5,154 | $5,375 | $5,311 | $5,483 | $5,784 | $5,994 | $5,837 | $5,628 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |