Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.99% | -0.23 | 2.21% |
| Return on Equity (%) | ▼ | 21.10% | -3.18 | 24.28% |
| Net Interest Margin (%) | ▼ | 3.39% | -0.12 | 3.51% |
| Efficiency Ratio (%) | ▼ | 42.36% | +0.94 | 41.42% |
| Pre-Provision Profit ($M) | ▼ | $73 | -1.76 | $75 |
| Cost of Funds (%) | ▲ | 2.00% | -0.09 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,251 | -293.23 | $9,544 |
| Gross Loans ($M) | ▲ | $6,914 | +404.42 | $6,509 |
| Loan Growth YoY (%) | ▲ | 94.16% | +7.74 | 86.41% |
| Total Deposits ($M) | ▼ | $7,282 | -199.39 | $7,481 |
| Shareholders Equity ($M) | ▲ | $879 | +35.78 | $843 |
| Tang. Book Value ($M) | ▲ | $838 | +36.75 | $801 |
| TBV excl. AOCI ($M)** | ▲ | $893 | +37.68 | $855 |
| Loan / Deposit Ratio (%) | ▲ | 94.16% | +7.74 | 86.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.05 | 0.21% |
| Allowance / Loans (%) | — | 0.83% | 0.15% | 0.68% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.04 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.16% | -0.11 | 11.27% |
Noninterest income ($51.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▃▂▃▁▁ | Net Interest Margin (%) | 3.80% | 3.75% | 3.54% | 3.51% | 3.48% | 3.49% | 3.38% | 3.39% |
| ██▅███▁▅ | Return on Assets (%) | 2.22% | 2.18% | 1.99% | 2.21% | 2.22% | 2.20% | 1.74% | 1.99% |
| ▅▆▇▁▂▁█▄ | Efficiency Ratio (%) | 42.5% | 42.8% | 43.2% | 41.4% | 41.7% | 41.3% | 43.5% | 42.4% |
| █▅▃▂▄▂▁▁ | Cost of Funds (%) | 2.61% | 2.35% | 2.18% | 2.09% | 2.27% | 2.12% | 2.05% | 2.00% |
| █▆▃▁▄▇█▇ | NPA / Assets (%) | 0.27% | 0.26% | 0.23% | 0.21% | 0.24% | 0.26% | 0.27% | 0.26% |
| █▅▃▁▄▆▆▅ | Net Charge-Off Ratio (%) | 0.37% | 0.34% | 0.33% | 0.30% | 0.33% | 0.35% | 0.35% | 0.34% |
| ▄▁▃▅▅▇▇█ | Tang. Book Value ($M) | $784 | $740 | $773 | $801 | $793 | $820 | $822 | $838 |
| ▁▁▁▅▅███ | Gross Loans ($M) | $6,031 | $6,139 | $6,083 | $6,509 | $6,545 | $6,816 | $6,806 | $6,914 |
| ▁▂▄█▇█▅▇ | Total Deposits ($M) | $6,181 | $6,451 | $6,807 | $7,481 | $7,243 | $7,366 | $6,987 | $7,282 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 25% |
| C&I / Commercial | 59% |
| Consumer | 10% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 23% |