Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.15 | 1.33% |
| Return on Equity (%) | ▲ | 14.98% | +0.31 | 14.67% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.25 | 3.55% |
| Efficiency Ratio (%) | ▲ | 52.73% | -1.20 | 53.93% |
| Pre-Provision Profit ($M) | ▲ | $30 | +1.39 | $28 |
| Cost of Funds (%) | ▲ | 2.07% | -0.22 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,979 | +348.62 | $5,630 |
| Gross Loans ($M) | ▲ | $4,485 | +191.63 | $4,293 |
| Loan Growth YoY (%) | ▼ | 83.10% | -0.74 | 83.84% |
| Total Deposits ($M) | ▲ | $5,327 | +270.97 | $5,056 |
| Shareholders Equity ($M) | ▲ | $603 | +80.24 | $523 |
| Tang. Book Value ($M) | ▲ | $596 | +79.98 | $516 |
| TBV excl. AOCI ($M)** | ▲ | $648 | +87.94 | $560 |
| Loan / Deposit Ratio (%) | ▼ | 83.10% | -0.74 | 83.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.29 | 0.19% |
| Allowance / Loans (%) | — | 1.29% | 0.03% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.39 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.35% | +1.04 | 13.31% |
Noninterest income ($11.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 3.20% | 3.24% | 3.42% | 3.55% | 3.56% | 3.62% | 3.80% | 3.80% |
| ▁▁▃▅▄▅██ | Return on Assets (%) | 1.14% | 1.15% | 1.24% | 1.33% | 1.32% | 1.38% | 1.52% | 1.48% |
| ██▆▄▄▃▁▂ | Efficiency Ratio (%) | 58.2% | 57.5% | 55.7% | 53.9% | 53.8% | 53.6% | 50.9% | 52.7% |
| ██▅▄▅▄▁▁ | Cost of Funds (%) | 2.50% | 2.55% | 2.31% | 2.28% | 2.30% | 2.25% | 2.03% | 2.07% |
| ▁▁▁▂█▆▅▆ | NPA / Assets (%) | 0.11% | 0.10% | 0.09% | 0.19% | 0.67% | 0.49% | 0.39% | 0.48% |
| ▁▁▁▂█▆▅▆ | Net Charge-Off Ratio (%) | 0.15% | 0.14% | 0.12% | 0.24% | 0.89% | 0.65% | 0.52% | 0.63% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $472 | $468 | $498 | $516 | $544 | $571 | $577 | $596 |
| ▁▂▄▅▇▆▇█ | Gross Loans ($M) | $3,992 | $4,094 | $4,184 | $4,293 | $4,373 | $4,353 | $4,397 | $4,485 |
| ▁▂▄▅▇▇██ | Total Deposits ($M) | $4,719 | $4,841 | $4,975 | $5,056 | $5,232 | $5,253 | $5,353 | $5,327 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 13% |