Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.14 | 0.82% |
| Return on Equity (%) | ▲ | 8.41% | +1.04 | 7.37% |
| Net Interest Margin (%) | ▲ | 2.58% | +0.17 | 2.41% |
| Efficiency Ratio (%) | ▲ | 56.03% | -3.50 | 59.53% |
| Pre-Provision Profit ($M) | ▲ | $32 | +5.56 | $26 |
| Cost of Funds (%) | ▲ | 2.23% | -0.17 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,820 | +529.44 | $8,291 |
| Gross Loans ($M) | ▲ | $6,833 | +426.76 | $6,406 |
| Loan Growth YoY (%) | ▲ | 111.67% | +1.52 | 110.15% |
| Total Deposits ($M) | ▲ | $6,045 | +293.43 | $5,752 |
| Shareholders Equity ($M) | ▲ | $1,011 | +95.72 | $916 |
| Tang. Book Value ($M) | ▲ | $903 | +56.99 | $846 |
| TBV excl. AOCI ($M)** | ▲ | $982 | +58.82 | $923 |
| Loan / Deposit Ratio (%) | ▲ | 111.67% | +1.52 | 110.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.03 | 0.36% |
| Allowance / Loans (%) | — | 1.21% | 0.10% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.05 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.21% | -0.33 | 13.55% |
Noninterest income ($15.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.27% | 2.27% | 2.35% | 2.41% | 2.45% | 2.47% | 2.53% | 2.58% |
| ▁▁▂▄▅▆▇█ | Return on Assets (%) | 0.70% | 0.72% | 0.76% | 0.82% | 0.86% | 0.89% | 0.91% | 0.96% |
| ██▆▄▂▁▂▁ | Efficiency Ratio (%) | 64.3% | 63.3% | 61.8% | 59.5% | 57.5% | 56.6% | 57.6% | 56.0% |
| █▆▃▄▄▃▁▁ | Cost of Funds (%) | 2.67% | 2.52% | 2.39% | 2.40% | 2.44% | 2.36% | 2.24% | 2.23% |
| ▁▁█▅███▇ | NPA / Assets (%) | 0.29% | 0.28% | 0.42% | 0.36% | 0.41% | 0.41% | 0.42% | 0.39% |
| ▁▁█▅███▇ | Net Charge-Off Ratio (%) | 0.22% | 0.21% | 0.39% | 0.31% | 0.38% | 0.38% | 0.39% | 0.36% |
| ▁▂▃▅▃▅▇█ | Tang. Book Value ($M) | $787 | $815 | $828 | $846 | $824 | $853 | $876 | $903 |
| ▁▂▃▅▆▇▇█ | Gross Loans ($M) | $5,815 | $5,960 | $6,140 | $6,406 | $6,526 | $6,601 | $6,626 | $6,833 |
| ▁▂▃▄▅▇██ | Total Deposits ($M) | $5,506 | $5,628 | $5,641 | $5,752 | $5,830 | $5,956 | $6,008 | $6,045 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |