Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.13% | -0.14 | 2.28% |
| Return on Equity (%) | ▼ | 14.26% | -2.01 | 16.27% |
| Net Interest Margin (%) | ▼ | 5.24% | -0.39 | 5.63% |
| Efficiency Ratio (%) | ▼ | 48.70% | +1.21 | 47.49% |
| Pre-Provision Profit ($M) | ▲ | $48 | +5.54 | $43 |
| Cost of Funds (%) | ▲ | 1.18% | -0.31 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,055 | +89.64 | $6,965 |
| Gross Loans ($M) | ▲ | $5,469 | +58.57 | $5,410 |
| Loan Growth YoY (%) | ▼ | 95.65% | -3.40 | 99.05% |
| Total Deposits ($M) | ▲ | $5,625 | +246.16 | $5,379 |
| Shareholders Equity ($M) | ▲ | $1,087 | +85.46 | $1,001 |
| Tang. Book Value ($M) | ▲ | $1,038 | +85.91 | $952 |
| TBV excl. AOCI ($M)** | ▲ | $1,083 | +94.89 | $988 |
| Loan / Deposit Ratio (%) | ▼ | 95.65% | -3.40 | 99.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.12 | 0.33% |
| Allowance / Loans (%) | — | 1.60% | 0.09% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.16 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.55% | +0.84 | 15.70% |
Noninterest income ($19.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁█▄▂▁▃▂ | Net Interest Margin (%) | 5.13% | 5.05% | 6.49% | 5.63% | 5.34% | 5.22% | 5.48% | 5.24% |
| ▁▁█▆▄▃▆▅ | Return on Assets (%) | 1.65% | 1.51% | 2.72% | 2.28% | 2.08% | 1.89% | 2.40% | 2.13% |
| ▇█▁▄▇█▃▅ | Efficiency Ratio (%) | 50.4% | 52.4% | 42.7% | 47.5% | 50.3% | 52.4% | 45.6% | 48.7% |
| █▆▅▄▅▃▂▁ | Cost of Funds (%) | 1.81% | 1.62% | 1.54% | 1.49% | 1.50% | 1.39% | 1.29% | 1.18% |
| ▁▃▂▁▁▇██ | NPA / Assets (%) | 0.31% | 0.35% | 0.34% | 0.33% | 0.33% | 0.42% | 0.45% | 0.45% |
| ▁▂▃▂▂▆██ | Net Charge-Off Ratio (%) | 0.37% | 0.42% | 0.43% | 0.40% | 0.41% | 0.51% | 0.59% | 0.56% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $882 | $890 | $929 | $952 | $974 | $988 | $1,018 | $1,038 |
| ▁▅▁▃▁█▃▅ | Gross Loans ($M) | $5,331 | $5,472 | $5,331 | $5,410 | $5,322 | $5,564 | $5,409 | $5,469 |
| ▁▂▆▄▅▃██ | Total Deposits ($M) | $5,151 | $5,264 | $5,464 | $5,379 | $5,404 | $5,272 | $5,580 | $5,625 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 11% |
| Consumer | 5% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |