Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.02 | 1.41% |
| Return on Equity (%) | ▲ | 14.34% | +0.29 | 14.05% |
| Net Interest Margin (%) | ▼ | 3.15% | -0.07 | 3.22% |
| Efficiency Ratio (%) | ▲ | 37.61% | -4.03 | 41.64% |
| Pre-Provision Profit ($M) | ▲ | $19 | +3.60 | $15 |
| Cost of Funds (%) | ▲ | 2.08% | -0.26 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,686 | +371.66 | $3,315 |
| Gross Loans ($M) | ▲ | $2,758 | +294.50 | $2,463 |
| Loan Growth YoY (%) | ▲ | 87.44% | +1.88 | 85.56% |
| Total Deposits ($M) | ▲ | $3,135 | +275.79 | $2,859 |
| Shareholders Equity ($M) | ▲ | $367 | +47.99 | $319 |
| Tang. Book Value ($M) | ▲ | $324 | +48.12 | $276 |
| TBV excl. AOCI ($M)** | ▲ | $357 | +60.86 | $296 |
| Loan / Deposit Ratio (%) | ▲ | 87.44% | +1.88 | 85.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.10 | 0.43% |
| Allowance / Loans (%) | — | 0.59% | -0.08% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.13 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.07% | +0.41 | 10.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▃▃▃▁▁ | Net Interest Margin (%) | 3.38% | 3.38% | 3.30% | 3.22% | 3.22% | 3.21% | 3.16% | 3.15% |
| ▂▃▁▆█▆▂█ | Return on Assets (%) | 1.36% | 1.36% | 1.33% | 1.41% | 1.45% | 1.41% | 1.36% | 1.44% |
| ▇██▇▆▅▂▁ | Efficiency Ratio (%) | 41.6% | 42.3% | 42.4% | 41.6% | 41.0% | 40.2% | 38.4% | 37.6% |
| ██▄▄▆▄▂▁ | Cost of Funds (%) | 2.70% | 2.69% | 2.37% | 2.34% | 2.52% | 2.32% | 2.20% | 2.08% |
| ▄█▄▁▃▃▄▃ | NPA / Assets (%) | 0.61% | 0.79% | 0.59% | 0.43% | 0.55% | 0.54% | 0.60% | 0.53% |
| ▅█▄▁▄▃▅▃ | Net Charge-Off Ratio (%) | 0.81% | 0.98% | 0.74% | 0.58% | 0.74% | 0.72% | 0.78% | 0.70% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $249 | $250 | $264 | $276 | $292 | $304 | $312 | $324 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $2,197 | $2,289 | $2,362 | $2,463 | $2,482 | $2,626 | $2,711 | $2,758 |
| ▁▁▂▅▅▆▇█ | Total Deposits ($M) | $2,506 | $2,427 | $2,536 | $2,859 | $2,837 | $2,923 | $2,992 | $3,135 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 33% |
| C&I / Commercial | 42% |
| Consumer | 16% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 19% |