Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.05% | +0.54 | 1.50% |
| Return on Equity (%) | ▲ | 24.22% | +4.74 | 19.48% |
| Net Interest Margin (%) | ▼ | 4.41% | -0.23 | 4.64% |
| Efficiency Ratio (%) | ▲ | 72.93% | -0.62 | 73.55% |
| Pre-Provision Profit ($M) | ▼ | $55 | -2.04 | $57 |
| Cost of Funds (%) | ▲ | 0.92% | -0.27 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $8,985 | -128.67 | $9,114 |
| Gross Loans ($M) | ▼ | $5,877 | -455.16 | $6,332 |
| Loan Growth YoY (%) | ▼ | 71.20% | -3.64 | 74.84% |
| Total Deposits ($M) | ▼ | $8,127 | -205.03 | $8,332 |
| Shareholders Equity ($M) | ▲ | $789 | +79.41 | $709 |
| Tang. Book Value ($M) | ▲ | $757 | +65.64 | $691 |
| TBV excl. AOCI ($M)** | ▲ | $862 | +96.70 | $766 |
| Loan / Deposit Ratio (%) | ▼ | 71.20% | -3.64 | 74.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.31% | +0.37 | 0.94% |
| Allowance / Loans (%) | — | 1.54% | 0.01% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 1.93% | +0.92 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.27% | +1.26 | 10.01% |
Noninterest income ($108.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▆▆▅▁▂ | Net Interest Margin (%) | 4.77% | 4.75% | 4.49% | 4.64% | 4.64% | 4.58% | 4.32% | 4.41% |
| ▆▅▁▂▄▃██ | Return on Assets (%) | 1.80% | 1.70% | 1.33% | 1.50% | 1.68% | 1.53% | 2.04% | 2.05% |
| ▇▄▇▃▂█▂▁ | Efficiency Ratio (%) | 74.4% | 73.6% | 74.4% | 73.5% | 73.3% | 74.6% | 73.3% | 72.9% |
| █▆▄▄▄▃▂▁ | Cost of Funds (%) | 1.56% | 1.40% | 1.19% | 1.19% | 1.20% | 1.10% | 1.03% | 0.92% |
| ▁▄▆▄▃▅▅█ | NPA / Assets (%) | 0.63% | 0.95% | 1.13% | 0.94% | 0.85% | 1.03% | 1.01% | 1.31% |
| ▁▁▄▂▃▄▅█ | Net Charge-Off Ratio (%) | 0.82% | 0.95% | 1.27% | 1.01% | 1.15% | 1.33% | 1.42% | 1.93% |
| █▁▂▂▆▆██ | Tang. Book Value ($M) | $760 | $675 | $686 | $691 | $732 | $738 | $752 | $757 |
| █▇▅▅▄▃▂▁ | Gross Loans ($M) | $6,681 | $6,524 | $6,358 | $6,332 | $6,209 | $6,132 | $6,044 | $5,877 |
| ▁▃▇▇██▇▄ | Total Deposits ($M) | $7,919 | $8,102 | $8,332 | $8,332 | $8,460 | $8,441 | $8,347 | $8,127 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 39% |
| Consumer | 1% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 2% |