Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.73% | -0.42 | 2.16% |
| Return on Equity (%) | ▼ | 13.76% | -5.90 | 19.66% |
| Net Interest Margin (%) | ▼ | 3.37% | -0.18 | 3.55% |
| Efficiency Ratio (%) | ▼ | 38.52% | +3.17 | 35.36% |
| Pre-Provision Profit ($M) | ▼ | $29 | -2.38 | $32 |
| Cost of Funds (%) | ▲ | 1.25% | -0.12 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,562 | +233.69 | $4,328 |
| Gross Loans ($M) | ▲ | $1,575 | +41.86 | $1,534 |
| Loan Growth YoY (%) | ▼ | 39.20% | -0.85 | 40.05% |
| Total Deposits ($M) | ▲ | $3,919 | +155.94 | $3,763 |
| Shareholders Equity ($M) | ▲ | $579 | +77.76 | $501 |
| Tang. Book Value ($M) | ▲ | $577 | +77.76 | $499 |
| TBV excl. AOCI ($M)** | ▲ | $669 | +78.12 | $591 |
| Loan / Deposit Ratio (%) | ▼ | 39.20% | -0.85 | 40.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.53% | +0.94 | 2.59% |
| Allowance / Loans (%) | — | 2.50% | 0.77% | 1.73% |
| Net Charge-Off Ratio (%) | ▼ | 9.17% | +3.00 | 6.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 28.73% | +1.77 | 26.95% |
Noninterest income ($12.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▂▃▃▃▁▁ | Net Interest Margin (%) | 3.95% | 3.81% | 3.48% | 3.55% | 3.58% | 3.54% | 3.37% | 3.37% |
| ██▅▅▅▅▄▁ | Return on Assets (%) | 2.56% | 2.54% | 2.18% | 2.16% | 2.23% | 2.18% | 2.07% | 1.73% |
| ▁▁▄▄▃▄▆█ | Efficiency Ratio (%) | 33.0% | 33.3% | 35.3% | 35.4% | 35.1% | 35.3% | 36.6% | 38.5% |
| ▇█▆▅▆▅▁▁ | Cost of Funds (%) | 1.43% | 1.46% | 1.38% | 1.37% | 1.40% | 1.35% | 1.24% | 1.25% |
| ▁▅▅▅▅▅▅█ | NPA / Assets (%) | 1.38% | 2.57% | 2.55% | 2.59% | 2.58% | 2.53% | 2.48% | 3.53% |
| ▁▅▄▅▅▅▄█ | Net Charge-Off Ratio (%) | 3.05% | 6.29% | 6.03% | 6.18% | 6.15% | 6.16% | 6.10% | 9.17% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $423 | $423 | $464 | $499 | $522 | $550 | $565 | $577 |
| ▁▃▇▇▇▇██ | Gross Loans ($M) | $1,350 | $1,421 | $1,531 | $1,534 | $1,542 | $1,527 | $1,560 | $1,575 |
| ▁▁▃▄▄▅██ | Total Deposits ($M) | $3,640 | $3,621 | $3,726 | $3,763 | $3,764 | $3,779 | $3,884 | $3,919 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 19% |