Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.10 | 0.79% |
| Return on Equity (%) | ▲ | 9.14% | +0.75 | 8.39% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.27 | 3.84% |
| Efficiency Ratio (%) | ▲ | 65.00% | -0.14 | 65.14% |
| Pre-Provision Profit ($M) | ▼ | $35 | -3.97 | $38 |
| Cost of Funds (%) | ▲ | 2.02% | -0.28 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $10,274 | -37.90 | $10,312 |
| Gross Loans ($M) | ▼ | $6,866 | -323.57 | $7,189 |
| Loan Growth YoY (%) | ▼ | 81.10% | -4.29 | 85.39% |
| Total Deposits ($M) | ▲ | $8,361 | +42.45 | $8,318 |
| Shareholders Equity ($M) | ▼ | $986 | -0.65 | $987 |
| Tang. Book Value ($M) | ▲ | $966 | +1.84 | $964 |
| TBV excl. AOCI ($M)** | ▲ | $1,093 | +39.90 | $1,054 |
| Loan / Deposit Ratio (%) | ▼ | 81.10% | -4.29 | 85.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.82% | +0.87 | 0.95% |
| Allowance / Loans (%) | — | 1.25% | 0.04% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 2.49% | +1.34 | 1.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.91% | +0.88 | 12.03% |
Noninterest income ($17.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇██▁▁ | Net Interest Margin (%) | 3.59% | 3.68% | 3.80% | 3.84% | 3.89% | 3.92% | 3.58% | 3.57% |
| ▁▂▇██▇██ | Return on Assets (%) | -0.32% | -0.04% | 0.61% | 0.79% | 0.75% | 0.64% | 0.87% | 0.90% |
| ▇▅▁▂▂█▁▁ | Efficiency Ratio (%) | 69.9% | 68.2% | 64.8% | 65.1% | 65.9% | 71.4% | 64.1% | 65.0% |
| █▇▄▄▃▄▁▁ | Cost of Funds (%) | 2.64% | 2.55% | 2.30% | 2.29% | 2.20% | 2.28% | 2.08% | 2.02% |
| ▃▃▄▁▄███ | NPA / Assets (%) | 1.25% | 1.24% | 1.39% | 0.95% | 1.35% | 1.92% | 1.94% | 1.82% |
| ▃▂▄▁▄███ | Net Charge-Off Ratio (%) | 1.52% | 1.43% | 1.71% | 1.15% | 1.79% | 2.56% | 2.61% | 2.49% |
| ▁▁▄██▇▇█ | Tang. Book Value ($M) | $913 | $907 | $935 | $964 | $961 | $956 | $957 | $966 |
| █▆▅▅▃▁▁▂ | Gross Loans ($M) | $7,562 | $7,271 | $7,219 | $7,189 | $6,942 | $6,697 | $6,754 | $6,866 |
| ▆▃▇██▁▃█ | Total Deposits ($M) | $8,217 | $7,955 | $8,241 | $8,318 | $8,336 | $7,805 | $7,948 | $8,361 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 22% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |