Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.07 | 1.28% |
| Return on Equity (%) | ▲ | 14.92% | +0.86 | 14.06% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.08 | 3.64% |
| Efficiency Ratio (%) | ▼ | 61.54% | +1.37 | 60.16% |
| Pre-Provision Profit ($M) | ▲ | $25 | +2.11 | $23 |
| Cost of Funds (%) | ▲ | 1.32% | -0.24 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,656 | +245.01 | $5,411 |
| Gross Loans ($M) | ▲ | $4,433 | +253.88 | $4,179 |
| Loan Growth YoY (%) | ▲ | 88.60% | +1.59 | 87.00% |
| Total Deposits ($M) | ▲ | $4,929 | +196.49 | $4,733 |
| Shareholders Equity ($M) | ▲ | $516 | +23.51 | $492 |
| Tang. Book Value ($M) | ▲ | $453 | +22.09 | $431 |
| TBV excl. AOCI ($M)** | ▲ | $492 | +19.28 | $473 |
| Loan / Deposit Ratio (%) | ▲ | 88.60% | +1.59 | 87.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.58 | 0.20% |
| Allowance / Loans (%) | — | 1.48% | 0.02% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.99% | +0.74 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.45% | -0.45 | 11.90% |
Noninterest income ($13.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | 3.46% | 3.49% | 3.62% | 3.64% | 3.66% | 3.67% | 3.70% | 3.72% |
| ▅█▁▄▆█▃█ | Return on Assets (%) | 1.30% | 1.34% | 1.23% | 1.28% | 1.31% | 1.33% | 1.27% | 1.34% |
| ▃▂▄▂▁▁█▅ | Efficiency Ratio (%) | 60.6% | 59.8% | 61.0% | 60.2% | 59.2% | 59.6% | 63.7% | 61.5% |
| █▆▄▄▅▃▁▁ | Cost of Funds (%) | 1.94% | 1.74% | 1.61% | 1.56% | 1.64% | 1.50% | 1.34% | 1.32% |
| ▁▁▁▁▄▆▇█ | NPA / Assets (%) | 0.15% | 0.16% | 0.18% | 0.20% | 0.42% | 0.62% | 0.69% | 0.78% |
| ▁▁▁▁▄▆▇█ | Net Charge-Off Ratio (%) | 0.18% | 0.19% | 0.22% | 0.25% | 0.54% | 0.77% | 0.87% | 0.99% |
| ▁▁▄▅▃▅▆█ | Tang. Book Value ($M) | $407 | $402 | $426 | $431 | $420 | $430 | $436 | $453 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $3,959 | $4,051 | $4,085 | $4,179 | $4,213 | $4,289 | $4,331 | $4,433 |
| ▁▁▁▂█▅██ | Total Deposits ($M) | $4,692 | $4,717 | $4,704 | $4,733 | $4,920 | $4,819 | $4,943 | $4,929 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 15% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 4% |