Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.10 | 1.41% |
| Return on Equity (%) | ▼ | 11.44% | -0.02 | 11.46% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.22 | 4.13% |
| Efficiency Ratio (%) | ▼ | 59.43% | +1.81 | 57.62% |
| Pre-Provision Profit ($M) | ▼ | $22 | -1.54 | $24 |
| Cost of Funds (%) | ▲ | 1.42% | -0.26 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $4,437 | -140.32 | $4,577 |
| Gross Loans ($M) | ▼ | $3,743 | -99.76 | $3,843 |
| Loan Growth YoY (%) | ▼ | 102.51% | -0.90 | 103.41% |
| Total Deposits ($M) | ▼ | $3,613 | -60.86 | $3,673 |
| Shareholders Equity ($M) | ▲ | $587 | +11.80 | $575 |
| Tang. Book Value ($M) | ▲ | $545 | +13.35 | $532 |
| TBV excl. AOCI ($M)** | ▲ | $553 | +13.45 | $539 |
| Loan / Deposit Ratio (%) | ▼ | 102.51% | -0.90 | 103.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +0.61 | 0.65% |
| Allowance / Loans (%) | — | 1.06% | -0.09% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 1.40% | +0.62 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.74% | +0.72 | 13.02% |
Noninterest income ($9.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅▇█ | Net Interest Margin (%) | 3.93% | 3.97% | 4.07% | 4.13% | 4.18% | 4.19% | 4.30% | 4.36% |
| ▁▁▃▆▆▆██ | Return on Assets (%) | 1.21% | 1.22% | 1.30% | 1.41% | 1.43% | 1.43% | 1.53% | 1.52% |
| ▃█▇▂▁▁██ | Efficiency Ratio (%) | 58.0% | 59.6% | 59.2% | 57.6% | 57.2% | 57.4% | 59.5% | 59.4% |
| █▇▅▄▄▄▂▁ | Cost of Funds (%) | 2.08% | 1.98% | 1.80% | 1.68% | 1.73% | 1.68% | 1.55% | 1.42% |
| ▁▁▁▁▂▅▆█ | NPA / Assets (%) | 0.65% | 0.61% | 0.60% | 0.65% | 0.71% | 0.97% | 1.07% | 1.26% |
| ▁▁▁▁▂▆▇█ | Net Charge-Off Ratio (%) | 0.78% | 0.72% | 0.72% | 0.78% | 0.85% | 1.17% | 1.28% | 1.40% |
| ▁▂▃▅▇██▇ | Tang. Book Value ($M) | $502 | $508 | $520 | $532 | $543 | $553 | $548 | $545 |
| █▇▅▇▇▅▁▃ | Gross Loans ($M) | $3,892 | $3,854 | $3,802 | $3,843 | $3,841 | $3,784 | $3,655 | $3,743 |
| ██▇▃▅▆▂▁ | Total Deposits ($M) | $3,763 | $3,780 | $3,741 | $3,673 | $3,711 | $3,718 | $3,646 | $3,613 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |