Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.12 | 0.77% |
| Return on Equity (%) | ▲ | 10.44% | +0.62 | 9.82% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.35 | 2.38% |
| Efficiency Ratio (%) | ▲ | 63.62% | -4.84 | 68.46% |
| Pre-Provision Profit ($M) | ▲ | $22 | +4.18 | $18 |
| Cost of Funds (%) | ▲ | 2.18% | -0.49 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,551 | -193.90 | $6,745 |
| Gross Loans ($M) | ▼ | $5,137 | -39.37 | $5,176 |
| Loan Growth YoY (%) | ▼ | 94.97% | -6.75 | 101.72% |
| Total Deposits ($M) | ▲ | $5,364 | +315.79 | $5,049 |
| Shareholders Equity ($M) | ▲ | $569 | +24.38 | $544 |
| Tang. Book Value ($M) | ▲ | $495 | +24.02 | $471 |
| TBV excl. AOCI ($M)** | ▲ | $540 | +20.11 | $519 |
| Loan / Deposit Ratio (%) | ▼ | 94.97% | -6.75 | 101.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.22 | 0.39% |
| Allowance / Loans (%) | — | 0.83% | 0.04% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.78% | +0.27 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.22% | +0.15 | 12.07% |
Noninterest income ($18.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▅▆██ | Net Interest Margin (%) | 1.94% | 1.97% | 2.35% | 2.38% | 2.42% | 2.48% | 2.69% | 2.73% |
| ▇▁██▇███ | Return on Assets (%) | 0.63% | -0.37% | 0.74% | 0.77% | 0.74% | 0.80% | 0.80% | 0.90% |
| ▂█▂▂▁▁▁▁ | Efficiency Ratio (%) | 69.3% | 101.8% | 70.4% | 68.5% | 66.4% | 65.6% | 64.3% | 63.6% |
| █▆▅▄▄▂▁▁ | Cost of Funds (%) | 3.43% | 3.09% | 2.85% | 2.66% | 2.72% | 2.49% | 2.28% | 2.18% |
| ▅▃▃▄▁▁██ | NPA / Assets (%) | 0.44% | 0.34% | 0.33% | 0.39% | 0.21% | 0.20% | 0.63% | 0.61% |
| ▅▃▃▄▁▁██ | Net Charge-Off Ratio (%) | 0.56% | 0.43% | 0.42% | 0.50% | 0.27% | 0.25% | 0.80% | 0.78% |
| ▁▁▄▅▅▇▇█ | Tang. Book Value ($M) | $443 | $442 | $464 | $471 | $471 | $483 | $487 | $495 |
| █▇▂▃▂▃▁▂ | Gross Loans ($M) | $5,536 | $5,442 | $5,119 | $5,176 | $5,154 | $5,171 | $5,047 | $5,137 |
| ▄▂▁▁▅▆▄█ | Total Deposits ($M) | $5,177 | $5,122 | $5,044 | $5,049 | $5,230 | $5,277 | $5,171 | $5,364 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 6% |