Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.43 | 1.42% |
| Return on Equity (%) | ▲ | 12.99% | +2.25 | 10.74% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.33 | 2.57% |
| Efficiency Ratio (%) | ▲ | 57.52% | -7.58 | 65.10% |
| Pre-Provision Profit ($M) | ▲ | $22 | +8.49 | $14 |
| Cost of Funds (%) | ▲ | 2.73% | -0.50 | 3.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,961 | -37.10 | $2,998 |
| Gross Loans ($M) | ▼ | $1,784 | -119.71 | $1,904 |
| Loan Growth YoY (%) | ▼ | 74.33% | -2.75 | 77.08% |
| Total Deposits ($M) | ▼ | $2,366 | -72.86 | $2,438 |
| Shareholders Equity ($M) | ▲ | $432 | +32.91 | $399 |
| Tang. Book Value ($M) | ▲ | $426 | +32.59 | $393 |
| TBV excl. AOCI ($M)** | ▲ | $433 | +33.89 | $400 |
| Loan / Deposit Ratio (%) | ▼ | 74.33% | -2.75 | 77.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.12 | 0.63% |
| Allowance / Loans (%) | — | 1.44% | 0.17% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.04 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.49% | +3.32 | 17.18% |
Noninterest income ($24.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.17% | 2.24% | 2.60% | 2.57% | 2.64% | 2.68% | 2.81% | 2.90% |
| ▂▁▄▂▂▁▁█ | Return on Assets (%) | 1.47% | 1.39% | 1.55% | 1.42% | 1.44% | 1.40% | 1.34% | 1.85% |
| ▁▃▆█▇█▇▁ | Efficiency Ratio (%) | 57.2% | 60.2% | 63.3% | 65.1% | 64.3% | 65.9% | 64.2% | 57.5% |
| █▆▃▄▄▃▁▁ | Cost of Funds (%) | 3.94% | 3.62% | 3.15% | 3.24% | 3.30% | 3.13% | 2.74% | 2.73% |
| ▁▁▁██▇▇▆ | NPA / Assets (%) | 0.20% | 0.19% | 0.25% | 0.63% | 0.68% | 0.56% | 0.59% | 0.52% |
| ▁▁▂▇██▇█ | Net Charge-Off Ratio (%) | 0.33% | 0.31% | 0.41% | 0.79% | 0.87% | 0.89% | 0.79% | 0.84% |
| ▁▁▁▃▄▆▇█ | Tang. Book Value ($M) | $381 | $381 | $386 | $393 | $403 | $411 | $416 | $426 |
| ▁▃▂█▆▂▁▂ | Gross Loans ($M) | $1,779 | $1,805 | $1,787 | $1,904 | $1,853 | $1,794 | $1,763 | $1,784 |
| ▆▆▅▆█▇▇▁ | Total Deposits ($M) | $2,440 | $2,433 | $2,418 | $2,438 | $2,468 | $2,451 | $2,455 | $2,366 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Other | 42% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 78% |