Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.12 | 0.51% |
| Return on Equity (%) | ▲ | 11.51% | +0.85 | 10.66% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.16 | 2.68% |
| Efficiency Ratio (%) | ▲ | 74.79% | -3.10 | 77.89% |
| Pre-Provision Profit ($M) | ▲ | $12 | +4.00 | $8 |
| Cost of Funds (%) | ▲ | 1.55% | -0.27 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,505 | +0.18 | $5,505 |
| Gross Loans ($M) | ▲ | $3,401 | +155.10 | $3,245 |
| Loan Growth YoY (%) | ▲ | 72.97% | +4.85 | 68.12% |
| Total Deposits ($M) | ▼ | $4,601 | -106.03 | $4,708 |
| Shareholders Equity ($M) | ▲ | $328 | +44.00 | $284 |
| Tang. Book Value ($M) | ▲ | $303 | +44.23 | $259 |
| TBV excl. AOCI ($M)** | ▲ | $390 | +38.59 | $351 |
| Loan / Deposit Ratio (%) | ▲ | 72.97% | +4.85 | 68.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.07 | 0.07% |
| Allowance / Loans (%) | — | 1.26% | 0.07% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.12 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.30% | -0.05 | 12.35% |
Noninterest income ($8.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁█▅▅▅▇█ | Net Interest Margin (%) | 2.44% | 2.47% | 2.80% | 2.68% | 2.69% | 2.64% | 2.78% | 2.85% |
| ▄▂▅▄▁▁▇█ | Return on Assets (%) | 0.50% | 0.43% | 0.51% | 0.51% | 0.39% | 0.40% | 0.59% | 0.63% |
| ▆▄▃██▇▁▁ | Efficiency Ratio (%) | 77.1% | 76.0% | 75.7% | 77.9% | 78.0% | 77.5% | 75.1% | 74.8% |
| █▇▄▇▆▁▂▃ | Cost of Funds (%) | 1.96% | 1.81% | 1.63% | 1.83% | 1.79% | 1.33% | 1.47% | 1.55% |
| ▁▁▁▂▂▄██ | NPA / Assets (%) | 0.06% | 0.06% | 0.06% | 0.07% | 0.07% | 0.09% | 0.15% | 0.14% |
| ▁▁▁▂▁▅██ | Net Charge-Off Ratio (%) | 0.10% | 0.10% | 0.10% | 0.11% | 0.09% | 0.17% | 0.25% | 0.23% |
| ▆▁▃▅████ | Tang. Book Value ($M) | $269 | $208 | $242 | $259 | $296 | $298 | $303 | $303 |
| ▁▂▄▄▇▇██ | Gross Loans ($M) | $3,096 | $3,157 | $3,226 | $3,245 | $3,338 | $3,333 | $3,411 | $3,401 |
| ▁▃▁▁▁█▁▁ | Total Deposits ($M) | $4,708 | $5,236 | $4,827 | $4,708 | $4,789 | $6,517 | $4,782 | $4,601 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 4% |