Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.35 | 1.33% |
| Return on Equity (%) | ▲ | 12.03% | +1.67 | 10.36% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.24 | 4.29% |
| Efficiency Ratio (%) | ▲ | 46.56% | -4.83 | 51.39% |
| Pre-Provision Profit ($M) | ▲ | $64 | +8.66 | $55 |
| Cost of Funds (%) | ▲ | 1.64% | -0.25 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,909 | +208.53 | $9,701 |
| Gross Loans ($M) | ▲ | $7,564 | +210.06 | $7,354 |
| Loan Growth YoY (%) | ▲ | 94.27% | +1.89 | 92.38% |
| Total Deposits ($M) | ▲ | $7,905 | +61.23 | $7,843 |
| Shareholders Equity ($M) | ▲ | $1,395 | +111.43 | $1,284 |
| Tang. Book Value ($M) | ▲ | $1,178 | +116.39 | $1,062 |
| TBV excl. AOCI ($M)** | ▲ | $1,259 | +118.30 | $1,141 |
| Loan / Deposit Ratio (%) | ▲ | 94.27% | +1.89 | 92.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.01 | 0.75% |
| Allowance / Loans (%) | — | 1.48% | 0.01% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.01 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.00% | +1.06 | 12.94% |
Noninterest income ($16.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 4.18% | 4.18% | 4.14% | 4.29% | 4.40% | 4.47% | 4.54% | 4.53% |
| ▃▃▁▁▄▄██ | Return on Assets (%) | 1.41% | 1.39% | 1.29% | 1.33% | 1.45% | 1.47% | 1.64% | 1.69% |
| ▅▆█▇▆▅▂▁ | Efficiency Ratio (%) | 50.0% | 50.5% | 52.2% | 51.4% | 50.2% | 49.8% | 47.5% | 46.6% |
| █▅▃▄▃▁▁▁ | Cost of Funds (%) | 2.37% | 2.02% | 1.83% | 1.89% | 1.81% | 1.66% | 1.58% | 1.64% |
| ▇▅▁▇▄█▅▇ | NPA / Assets (%) | 0.76% | 0.71% | 0.63% | 0.75% | 0.69% | 0.78% | 0.71% | 0.74% |
| █▅▁▅▃▆▅▆ | Net Charge-Off Ratio (%) | 1.02% | 0.90% | 0.76% | 0.92% | 0.85% | 0.95% | 0.90% | 0.93% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $985 | $974 | $1,010 | $1,062 | $1,102 | $1,134 | $1,155 | $1,178 |
| ▁▁▂▆▇███ | Gross Loans ($M) | $6,899 | $6,910 | $7,047 | $7,354 | $7,461 | $7,523 | $7,485 | $7,564 |
| ▁▁▂▇█▄▇█ | Total Deposits ($M) | $7,533 | $7,496 | $7,585 | $7,843 | $7,946 | $7,688 | $7,834 | $7,905 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 33% |
| Other | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 14% |