Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.08 | 1.17% |
| Return on Equity (%) | ▼ | 13.05% | -1.06 | 14.11% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.16 | 3.48% |
| Efficiency Ratio (%) | ▲ | 57.96% | -0.72 | 58.68% |
| Pre-Provision Profit ($M) | ▲ | $13 | +0.51 | $13 |
| Cost of Funds (%) | ▼ | 1.02% | +0.02 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,024 | +18.13 | $3,006 |
| Gross Loans ($M) | ▲ | $2,078 | +199.14 | $1,878 |
| Loan Growth YoY (%) | ▲ | 75.67% | +7.68 | 67.98% |
| Total Deposits ($M) | ▼ | $2,709 | -16.30 | $2,725 |
| Shareholders Equity ($M) | ▲ | $295 | +39.10 | $256 |
| Tang. Book Value ($M) | ▲ | $289 | +39.34 | $250 |
| TBV excl. AOCI ($M)** | ▲ | $327 | +33.98 | $293 |
| Loan / Deposit Ratio (%) | ▲ | 75.67% | +7.68 | 67.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.07 | 0.13% |
| Allowance / Loans (%) | — | 1.33% | -0.03% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.08 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.52% | -0.02 | 14.54% |
Noninterest income ($5.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▄██▇█ | Net Interest Margin (%) | 3.36% | 3.42% | 3.39% | 3.48% | 3.62% | 3.66% | 3.60% | 3.64% |
| ▁▂▃▅▆▆▇█ | Return on Assets (%) | 1.04% | 1.08% | 1.11% | 1.17% | 1.19% | 1.19% | 1.22% | 1.25% |
| ▇▅█▆▁▁▅▄ | Efficiency Ratio (%) | 59.4% | 58.2% | 59.9% | 58.7% | 56.2% | 56.3% | 58.1% | 58.0% |
| ▅▇▆▆▁█▅▇ | Cost of Funds (%) | 0.93% | 1.03% | 0.99% | 1.00% | 0.76% | 1.09% | 0.94% | 1.02% |
| ▆▁▁▃▃▂██ | NPA / Assets (%) | 0.16% | 0.10% | 0.10% | 0.13% | 0.13% | 0.12% | 0.20% | 0.20% |
| ▇▁▁▃▃▁█▇ | Net Charge-Off Ratio (%) | 0.28% | 0.17% | 0.17% | 0.21% | 0.21% | 0.18% | 0.31% | 0.29% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $242 | $235 | $244 | $250 | $266 | $277 | $279 | $289 |
| ▁▁▃▃▄▅▆█ | Gross Loans ($M) | $1,761 | $1,773 | $1,840 | $1,878 | $1,903 | $1,938 | $1,970 | $2,078 |
| ▆▅▇▆█▁█▅ | Total Deposits ($M) | $2,727 | $2,711 | $2,748 | $2,725 | $2,767 | $2,621 | $2,760 | $2,709 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 19% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 2% |