Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.83 | 0.78% |
| Return on Equity (%) | ▲ | 29.74% | +5.83 | 23.91% |
| Net Interest Margin (%) | ▼ | 6.17% | -0.28 | 6.45% |
| Efficiency Ratio (%) | ▼ | 92.51% | +0.61 | 91.89% |
| Pre-Provision Profit ($M) | ▲ | $32 | +1.20 | $31 |
| Cost of Funds (%) | ▼ | 0.18% | +0.05 | 0.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,443 | +611.38 | $4,831 |
| Gross Loans ($M) | ▼ | $41 | -3.54 | $44 |
| Loan Growth YoY (%) | ▼ | 0.67% | -0.13 | 0.80% |
| Total Deposits ($M) | ▲ | $5,039 | +474.61 | $4,564 |
| Shareholders Equity ($M) | ▲ | $317 | +116.82 | $200 |
| Tang. Book Value ($M) | ▲ | $306 | +116.85 | $189 |
| TBV excl. AOCI ($M)** | ▲ | $458 | +191.64 | $266 |
| Loan / Deposit Ratio (%) | ▼ | 0.67% | -0.13 | 0.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Allowance / Loans (%) | — | 17.26% | -0.10% | 17.36% |
| Net Charge-Off Ratio (%) | ▲ | 3.56% | -0.46 | 4.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.97% | -3.04 | 35.01% |
Noninterest income ($416.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▅▆▇▁▁ | Net Interest Margin (%) | 6.62% | 6.66% | 6.33% | 6.45% | 6.50% | 6.56% | 6.23% | 6.17% |
| ▆▆▁▄▅▆██ | Return on Assets (%) | 1.35% | 1.30% | 0.05% | 0.78% | 1.06% | 1.24% | 1.83% | 1.61% |
| ▁▅██████ | Efficiency Ratio (%) | 71.7% | 82.2% | 92.0% | 91.9% | 91.9% | 91.8% | 91.7% | 92.5% |
| ▁▁█▃▂▁██ | Cost of Funds (%) | 0.11% | 0.10% | 0.18% | 0.13% | 0.11% | 0.10% | 0.17% | 0.18% |
| ██▄▃▄▃▁▁ | NPA / Assets (%) | 0.06% | 0.06% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% |
| █▄▄▅▅▁▂▄ | Net Charge-Off Ratio (%) | 5.93% | 3.27% | 3.53% | 4.03% | 4.03% | 1.56% | 2.30% | 3.56% |
| ▃▁▃▄▆▇██ | Tang. Book Value ($M) | $143 | $85 | $159 | $189 | $227 | $268 | $289 | $306 |
| ▁▅▃▁▂█▃▁ | Gross Loans ($M) | $47 | $84 | $61 | $44 | $51 | $119 | $67 | $41 |
| ▁▃▅▄▅▇██ | Total Deposits ($M) | $4,242 | $4,442 | $4,691 | $4,564 | $4,666 | $4,873 | $4,968 | $5,039 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 18% |
| C&I / Commercial | 12% |
| Consumer | 57% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 96% |
| Brokered / Other | 5% |