Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.17 | 1.47% |
| Return on Equity (%) | ▲ | 12.47% | +0.98 | 11.49% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.16 | 3.67% |
| Efficiency Ratio (%) | ▲ | 46.66% | -2.53 | 49.19% |
| Pre-Provision Profit ($M) | ▲ | $39 | +5.25 | $34 |
| Cost of Funds (%) | ▲ | 1.70% | -0.23 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,947 | +596.96 | $6,350 |
| Gross Loans ($M) | ▲ | $5,125 | +422.79 | $4,702 |
| Loan Growth YoY (%) | ▲ | 89.35% | +0.69 | 88.65% |
| Total Deposits ($M) | ▲ | $5,666 | +426.75 | $5,239 |
| Shareholders Equity ($M) | ▲ | $907 | +82.58 | $825 |
| Tang. Book Value ($M) | ▲ | $840 | +82.92 | $757 |
| TBV excl. AOCI ($M)** | ▲ | $891 | +85.93 | $806 |
| Loan / Deposit Ratio (%) | ▲ | 89.35% | +0.69 | 88.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.02 | 0.46% |
| Allowance / Loans (%) | — | 1.23% | -0.00% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.06 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($11.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 3.45% | 3.47% | 3.60% | 3.67% | 3.69% | 3.72% | 3.83% | 3.83% |
| ▁▁▁▄▃▅▇█ | Return on Assets (%) | 1.35% | 1.38% | 1.39% | 1.47% | 1.46% | 1.50% | 1.59% | 1.64% |
| ██▆▅▅▃▁▁ | Efficiency Ratio (%) | 51.4% | 50.9% | 50.0% | 49.2% | 49.3% | 48.4% | 47.0% | 46.7% |
| █▇▅▅▅▃▁▁ | Cost of Funds (%) | 2.13% | 2.05% | 1.92% | 1.93% | 1.95% | 1.84% | 1.68% | 1.70% |
| ▆██▆▆▁▂▇ | NPA / Assets (%) | 0.45% | 0.49% | 0.50% | 0.46% | 0.45% | 0.33% | 0.36% | 0.48% |
| ███▅▅▁▁█ | Net Charge-Off Ratio (%) | 0.58% | 0.59% | 0.57% | 0.52% | 0.51% | 0.39% | 0.42% | 0.58% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $713 | $710 | $734 | $757 | $781 | $806 | $819 | $840 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $4,351 | $4,487 | $4,637 | $4,702 | $4,794 | $4,895 | $4,991 | $5,125 |
| ▁▃▃▄▆▆▆█ | Total Deposits ($M) | $4,845 | $5,081 | $5,124 | $5,239 | $5,392 | $5,396 | $5,442 | $5,666 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 8% |
| Consumer | 22% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |