Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -1.06 | 2.50% |
| Return on Equity (%) | ▼ | 12.92% | -11.64 | 24.56% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.13 | 3.60% |
| Efficiency Ratio (%) | ▲ | 63.12% | -5.51 | 68.63% |
| Pre-Provision Profit ($M) | ▲ | $15 | +2.70 | $12 |
| Cost of Funds (%) | ▲ | 1.36% | -0.22 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,283 | +70.09 | $3,213 |
| Gross Loans ($M) | ▲ | $1,773 | +67.91 | $1,705 |
| Loan Growth YoY (%) | ▲ | 60.70% | +1.93 | 58.77% |
| Total Deposits ($M) | ▲ | $2,885 | +20.27 | $2,864 |
| Shareholders Equity ($M) | ▲ | $384 | +64.21 | $319 |
| Tang. Book Value ($M) | ▲ | $383 | +64.31 | $319 |
| TBV excl. AOCI ($M)** | ▲ | $437 | +64.82 | $372 |
| Loan / Deposit Ratio (%) | ▲ | 60.70% | +1.93 | 58.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.25 | 0.32% |
| Allowance / Loans (%) | — | 1.25% | -0.03% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 1.06% | +0.48 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.01% | +0.70 | 19.31% |
Noninterest income ($9.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▁▃▅▇▆█ | Net Interest Margin (%) | 3.68% | 3.64% | 3.52% | 3.60% | 3.65% | 3.69% | 3.65% | 3.73% |
| ▁▁█▄▃▂▁▁ | Return on Assets (%) | 1.43% | 1.45% | 3.76% | 2.50% | 2.10% | 1.94% | 1.38% | 1.44% |
| ▇▇█▇▆▄▂▁ | Efficiency Ratio (%) | 68.9% | 68.5% | 70.2% | 68.6% | 68.0% | 66.5% | 64.0% | 63.1% |
| ▆████▄▁▂ | Cost of Funds (%) | 1.52% | 1.57% | 1.59% | 1.58% | 1.57% | 1.43% | 1.32% | 1.36% |
| █▁▁▂▃▁▂▅ | NPA / Assets (%) | 0.81% | 0.25% | 0.26% | 0.32% | 0.40% | 0.30% | 0.38% | 0.58% |
| ▅▁▁▂▃▁▄█ | Net Charge-Off Ratio (%) | 0.78% | 0.46% | 0.47% | 0.57% | 0.65% | 0.51% | 0.69% | 1.06% |
| ▃▁▄▁▄▆▇█ | Tang. Book Value ($M) | $337 | $310 | $340 | $319 | $342 | $361 | $367 | $383 |
| ▁▃▃▆▆▆▇█ | Gross Loans ($M) | $1,542 | $1,616 | $1,622 | $1,705 | $1,710 | $1,709 | $1,733 | $1,773 |
| ▁▄▄▅▅▆█▆ | Total Deposits ($M) | $2,615 | $2,815 | $2,784 | $2,864 | $2,838 | $2,906 | $3,027 | $2,885 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 13% |