Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.23 | 1.06% |
| Return on Equity (%) | ▲ | 12.34% | +0.91 | 11.43% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.33 | 3.62% |
| Efficiency Ratio (%) | ▲ | 61.40% | -4.64 | 66.04% |
| Pre-Provision Profit ($M) | ▲ | $30 | +5.04 | $25 |
| Cost of Funds (%) | ▲ | 1.09% | -0.19 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,694 | +90.72 | $6,604 |
| Gross Loans ($M) | ▲ | $4,478 | +262.77 | $4,216 |
| Loan Growth YoY (%) | ▲ | 74.96% | +4.33 | 70.63% |
| Total Deposits ($M) | ▲ | $5,906 | +3.43 | $5,903 |
| Shareholders Equity ($M) | ▲ | $723 | +93.06 | $629 |
| Tang. Book Value ($M) | ▲ | $705 | +93.06 | $612 |
| TBV excl. AOCI ($M)** | ▲ | $788 | +86.00 | $702 |
| Loan / Deposit Ratio (%) | ▲ | 74.96% | +4.33 | 70.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.29 | 0.50% |
| Allowance / Loans (%) | — | 1.14% | 0.04% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.05 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.21% | +1.13 | 14.08% |
Noninterest income ($14.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 3.12% | 3.19% | 3.53% | 3.62% | 3.67% | 3.72% | 3.84% | 3.94% |
| ▁▁▃▅▅▆██ | Return on Assets (%) | 0.83% | 0.86% | 0.96% | 1.06% | 1.11% | 1.16% | 1.29% | 1.29% |
| ██▆▄▃▃▁▁ | Efficiency Ratio (%) | 72.0% | 71.1% | 68.3% | 66.0% | 64.9% | 64.4% | 61.7% | 61.4% |
| █▆▃▃▃▂▁▁ | Cost of Funds (%) | 1.63% | 1.48% | 1.26% | 1.28% | 1.24% | 1.17% | 1.09% | 1.09% |
| ▆▇████▁▁ | NPA / Assets (%) | 0.42% | 0.44% | 0.49% | 0.50% | 0.47% | 0.49% | 0.21% | 0.21% |
| ▁▁▅▆▄▅██ | Net Charge-Off Ratio (%) | 0.13% | 0.15% | 0.25% | 0.26% | 0.21% | 0.25% | 0.32% | 0.31% |
| ▁▁▂▃▄▇██ | Tang. Book Value ($M) | $587 | $578 | $598 | $612 | $636 | $679 | $693 | $705 |
| ▁▁▂▄▄▆▆█ | Gross Loans ($M) | $4,034 | $4,061 | $4,129 | $4,216 | $4,247 | $4,344 | $4,351 | $4,478 |
| ▂▁▅▂██▆▂ | Total Deposits ($M) | $5,894 | $5,848 | $5,969 | $5,903 | $6,087 | $6,079 | $5,999 | $5,906 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |