Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.09 | 0.54% |
| Return on Equity (%) | ▲ | 4.27% | +0.56 | 3.71% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.27 | 3.13% |
| Efficiency Ratio (%) | ▼ | 77.07% | +0.98 | 76.09% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.54 | $7 |
| Cost of Funds (%) | ▲ | 1.55% | -0.09 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,259 | +266.87 | $2,992 |
| Gross Loans ($M) | ▲ | $2,733 | +224.28 | $2,509 |
| Loan Growth YoY (%) | ▲ | 102.58% | +3.40 | 99.18% |
| Total Deposits ($M) | ▲ | $2,640 | +134.31 | $2,505 |
| Shareholders Equity ($M) | ▲ | $470 | +21.15 | $448 |
| Tang. Book Value ($M) | ▲ | $453 | +21.63 | $431 |
| TBV excl. AOCI ($M)** | ▲ | $468 | +20.60 | $448 |
| Loan / Deposit Ratio (%) | ▲ | 102.58% | +3.40 | 99.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.03 | 0.53% |
| Allowance / Loans (%) | — | 0.93% | -0.03% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.03 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.84% | -0.43 | 18.27% |
Noninterest income ($6.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇██ | Net Interest Margin (%) | 2.56% | 2.68% | 3.02% | 3.13% | 3.24% | 3.29% | 3.37% | 3.40% |
| ▇▃▁▅▆▆█▇ | Return on Assets (%) | 0.66% | 0.45% | 0.36% | 0.54% | 0.61% | 0.60% | 0.70% | 0.63% |
| █▇▆▃▁▁▅▅ | Efficiency Ratio (%) | 79.9% | 78.7% | 78.0% | 76.1% | 74.2% | 74.4% | 77.4% | 77.1% |
| █▆▃▂▃▁▁▁ | Cost of Funds (%) | 1.96% | 1.84% | 1.66% | 1.64% | 1.66% | 1.60% | 1.55% | 1.55% |
| ▆█▃▄▁▆▁▁ | NPA / Assets (%) | 0.55% | 0.56% | 0.52% | 0.53% | 0.51% | 0.55% | 0.50% | 0.50% |
| ██▅▃▂▄▁▁ | Net Charge-Off Ratio (%) | 0.69% | 0.69% | 0.65% | 0.63% | 0.61% | 0.64% | 0.60% | 0.60% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $410 | $418 | $425 | $431 | $439 | $447 | $451 | $453 |
| ▁▁▁▃▄▇▇█ | Gross Loans ($M) | $2,411 | $2,439 | $2,422 | $2,509 | $2,562 | $2,655 | $2,653 | $2,733 |
| ▂▂▃▁▅▃██ | Total Deposits ($M) | $2,535 | $2,524 | $2,549 | $2,505 | $2,586 | $2,551 | $2,642 | $2,640 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |