Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.10 | 0.64% |
| Return on Equity (%) | ▲ | 7.00% | +0.44 | 6.56% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.18 | 2.60% |
| Efficiency Ratio (%) | ▲ | 71.81% | -1.08 | 72.89% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.41 | $12 |
| Cost of Funds (%) | ▲ | 1.68% | -0.28 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,619 | -16.92 | $5,636 |
| Gross Loans ($M) | ▼ | $4,369 | -235.15 | $4,604 |
| Loan Growth YoY (%) | ▼ | 95.26% | -6.54 | 101.80% |
| Total Deposits ($M) | ▲ | $4,564 | +64.11 | $4,500 |
| Shareholders Equity ($M) | ▲ | $596 | +40.23 | $556 |
| Tang. Book Value ($M) | ▲ | $587 | +39.71 | $547 |
| TBV excl. AOCI ($M)** | ▲ | $621 | +42.83 | $578 |
| Loan / Deposit Ratio (%) | ▼ | 95.26% | -6.54 | 101.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.06 | 0.30% |
| Allowance / Loans (%) | — | 0.49% | -0.02% | 0.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.09 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.18% | +1.54 | 16.64% |
Noninterest income ($9.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇███ | Net Interest Margin (%) | 2.26% | 2.30% | 2.54% | 2.60% | 2.67% | 2.73% | 2.76% | 2.78% |
| ▁▁▅▆▇▇▇█ | Return on Assets (%) | 0.46% | 0.49% | 0.62% | 0.64% | 0.70% | 0.70% | 0.70% | 0.74% |
| ▇█▄▃▁▁▃▂ | Efficiency Ratio (%) | 75.7% | 76.6% | 73.2% | 72.9% | 71.1% | 71.5% | 72.6% | 71.8% |
| ██▅▄▂▂▁▁ | Cost of Funds (%) | 2.36% | 2.29% | 2.09% | 1.97% | 1.85% | 1.82% | 1.76% | 1.68% |
| ▁▁▁▅▄▆██ | NPA / Assets (%) | 0.26% | 0.24% | 0.25% | 0.30% | 0.29% | 0.32% | 0.36% | 0.36% |
| ▁▁▁▄▄▅▇█ | Net Charge-Off Ratio (%) | 0.31% | 0.29% | 0.31% | 0.37% | 0.37% | 0.40% | 0.44% | 0.47% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $519 | $535 | $540 | $547 | $557 | $569 | $577 | $587 |
| ██▅▅▄▃▁▁ | Gross Loans ($M) | $4,797 | $4,757 | $4,585 | $4,604 | $4,566 | $4,523 | $4,421 | $4,369 |
| █▂▁▄█▃▁▆ | Total Deposits ($M) | $4,645 | $4,434 | $4,391 | $4,500 | $4,651 | $4,467 | $4,396 | $4,564 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 7% |