Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.10% | -0.18 | 2.28% |
| Return on Equity (%) | ▼ | 16.91% | -3.15 | 20.06% |
| Net Interest Margin (%) | ▼ | 5.06% | -0.13 | 5.19% |
| Efficiency Ratio (%) | ▼ | 47.63% | +3.02 | 44.61% |
| Pre-Provision Profit ($M) | ▼ | $18 | -0.43 | $18 |
| Cost of Funds (%) | ▲ | 0.88% | -0.12 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,542 | +141.05 | $2,401 |
| Gross Loans ($M) | ▼ | $1,588 | -18.00 | $1,606 |
| Loan Growth YoY (%) | ▼ | 71.53% | -4.42 | 75.96% |
| Total Deposits ($M) | ▲ | $2,183 | +101.58 | $2,081 |
| Shareholders Equity ($M) | ▲ | $328 | +40.75 | $288 |
| Tang. Book Value ($M) | ▲ | $313 | +40.75 | $272 |
| TBV excl. AOCI ($M)** | ▲ | $325 | +39.88 | $285 |
| Loan / Deposit Ratio (%) | ▼ | 71.53% | -4.42 | 75.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +0.42 | 0.74% |
| Allowance / Loans (%) | — | 1.66% | 0.10% | 1.55% |
| Net Charge-Off Ratio (%) | ▼ | 1.66% | +0.61 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.14% | +2.59 | 14.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▂▆█▇▁▃ | Net Interest Margin (%) | 5.16% | 5.16% | 5.02% | 5.19% | 5.31% | 5.27% | 4.96% | 5.06% |
| █▆█▇▇▆▁▂ | Return on Assets (%) | 2.35% | 2.27% | 2.32% | 2.28% | 2.29% | 2.27% | 2.04% | 2.10% |
| ▁▂▂▁▁▁█▇ | Efficiency Ratio (%) | 44.8% | 45.6% | 45.3% | 44.6% | 44.6% | 45.0% | 48.6% | 47.6% |
| █▄▃▃▁▁▁▁ | Cost of Funds (%) | 1.36% | 1.11% | 1.01% | 1.00% | 0.92% | 0.93% | 0.87% | 0.88% |
| ▁▁▁▅▅▅▃█ | NPA / Assets (%) | 0.31% | 0.25% | 0.36% | 0.74% | 0.72% | 0.72% | 0.51% | 1.16% |
| ▁▁▂▅▄▅▃█ | Net Charge-Off Ratio (%) | 0.46% | 0.38% | 0.55% | 1.05% | 0.95% | 1.09% | 0.70% | 1.66% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $240 | $247 | $260 | $272 | $284 | $296 | $304 | $313 |
| ▁▅▅▆█▆▆▅ | Gross Loans ($M) | $1,499 | $1,583 | $1,591 | $1,606 | $1,658 | $1,616 | $1,599 | $1,588 |
| ▁▅▆▄▂██▇ | Total Deposits ($M) | $1,945 | $2,108 | $2,142 | $2,081 | $2,006 | $2,239 | $2,227 | $2,183 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 32% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 6% |