Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.47% | +0.03 | 2.44% |
| Return on Equity (%) | ▲ | 23.77% | +1.98 | 21.79% |
| Net Interest Margin (%) | ▼ | 4.04% | -0.11 | 4.15% |
| Efficiency Ratio (%) | ▲ | 27.22% | -4.36 | 31.58% |
| Pre-Provision Profit ($M) | ▲ | $80 | +21.82 | $58 |
| Cost of Funds (%) | ▼ | 0.45% | +0.03 | 0.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,594 | +2728.33 | $6,866 |
| Gross Loans ($M) | ▲ | $4,386 | +1551.24 | $2,835 |
| Loan Growth YoY (%) | ▲ | 51.12% | +4.10 | 47.01% |
| Total Deposits ($M) | ▲ | $8,536 | +2554.63 | $5,981 |
| Shareholders Equity ($M) | ▲ | $957 | +146.21 | $811 |
| Tang. Book Value ($M) | ▲ | $950 | +146.33 | $804 |
| TBV excl. AOCI ($M)** | ▲ | $1,188 | +196.51 | $991 |
| Loan / Deposit Ratio (%) | ▲ | 51.12% | +4.10 | 47.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.10 | 0.29% |
| Allowance / Loans (%) | — | 0.52% | -0.29% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.28 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 48.11% | +7.72 | 40.39% |
Noninterest income ($13.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇██▇▄▅ | Net Interest Margin (%) | 3.87% | 3.92% | 4.10% | 4.15% | 4.12% | 4.10% | 3.99% | 4.04% |
| ▁▃▄▇▇█▁█ | Return on Assets (%) | 2.30% | 2.35% | 2.37% | 2.44% | 2.45% | 2.48% | 2.30% | 2.47% |
| █▇█▇▆▄▆▁ | Efficiency Ratio (%) | 32.9% | 31.6% | 32.8% | 31.6% | 30.9% | 29.6% | 30.9% | 27.2% |
| █▄▁▁▄▁▁▂ | Cost of Funds (%) | 0.66% | 0.51% | 0.40% | 0.41% | 0.50% | 0.42% | 0.41% | 0.45% |
| ▃▆██▇▇▅▁ | NPA / Assets (%) | 0.22% | 0.26% | 0.28% | 0.29% | 0.27% | 0.27% | 0.24% | 0.19% |
| ▄▆████▆▁ | Net Charge-Off Ratio (%) | 0.52% | 0.61% | 0.67% | 0.69% | 0.68% | 0.66% | 0.61% | 0.41% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $679 | $713 | $761 | $804 | $815 | $875 | $905 | $950 |
| ▁▁▁▁▁▂▄█ | Gross Loans ($M) | $2,815 | $2,899 | $2,902 | $2,835 | $2,847 | $3,150 | $3,452 | $4,386 |
| ▁▁▁▁▂▄▆█ | Total Deposits ($M) | $5,870 | $5,960 | $6,032 | $5,981 | $6,471 | $7,059 | $7,774 | $8,536 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| Consumer | 6% |
| Other | 36% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 1% |