Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.11 | 1.54% |
| Return on Equity (%) | ▼ | 14.12% | -0.11 | 14.23% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.20 | 3.55% |
| Efficiency Ratio (%) | ▲ | 51.54% | -0.12 | 51.66% |
| Pre-Provision Profit ($M) | ▲ | $54 | +7.06 | $47 |
| Cost of Funds (%) | ▲ | 1.55% | -0.24 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $10,360 | +1156.71 | $9,204 |
| Gross Loans ($M) | ▲ | $7,892 | +1036.72 | $6,855 |
| Loan Growth YoY (%) | ▲ | 91.68% | +1.59 | 90.09% |
| Total Deposits ($M) | ▲ | $8,489 | +980.76 | $7,508 |
| Shareholders Equity ($M) | ▲ | $1,242 | +236.36 | $1,005 |
| Tang. Book Value ($M) | ▲ | $960 | +173.19 | $787 |
| TBV excl. AOCI ($M)** | ▲ | $1,002 | +154.70 | $848 |
| Loan / Deposit Ratio (%) | ▲ | 91.68% | +1.59 | 90.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.04 | 0.20% |
| Allowance / Loans (%) | — | 1.38% | 0.06% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.05 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.02% | +0.70 | 11.33% |
Noninterest income ($26.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▆█ | Net Interest Margin (%) | 3.40% | 3.44% | 3.52% | 3.55% | 3.60% | 3.63% | 3.64% | 3.75% |
| ▁▁▅▅▆▆▇█ | Return on Assets (%) | 1.39% | 1.40% | 1.53% | 1.54% | 1.57% | 1.57% | 1.60% | 1.64% |
| █▇▃▂▁▁▁▂ | Efficiency Ratio (%) | 53.9% | 53.6% | 51.9% | 51.7% | 51.3% | 51.1% | 51.2% | 51.5% |
| █▆▆▆▇▅▃▁ | Cost of Funds (%) | 1.91% | 1.80% | 1.79% | 1.79% | 1.84% | 1.74% | 1.64% | 1.55% |
| ▆█▄▅▅▁▁█ | NPA / Assets (%) | 0.20% | 0.25% | 0.18% | 0.20% | 0.20% | 0.14% | 0.12% | 0.24% |
| ▆█▄▅▅▂▁▇ | Net Charge-Off Ratio (%) | 0.27% | 0.34% | 0.24% | 0.26% | 0.27% | 0.18% | 0.16% | 0.31% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $714 | $720 | $757 | $787 | $823 | $858 | $885 | $960 |
| ▁▂▂▃▄▄▅█ | Gross Loans ($M) | $6,283 | $6,527 | $6,654 | $6,855 | $6,936 | $7,048 | $7,232 | $7,892 |
| ▁▃▃▄▅▅▅█ | Total Deposits ($M) | $6,727 | $7,169 | $7,295 | $7,508 | $7,646 | $7,793 | $7,759 | $8,489 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 21% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |