Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.09% | +0.31 | -0.40% |
| Return on Equity (%) | ▲ | -0.86% | +3.34 | -4.20% |
| Net Interest Margin (%) | ▲ | -0.46% | +0.39 | -0.85% |
| Efficiency Ratio (%) | ▼ | 127.86% | +29.75 | 98.11% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -6.32 | $5 |
| Cost of Funds (%) | ▲ | 3.09% | -0.43 | 3.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,493 | +126.89 | $6,366 |
| Gross Loans ($M) | ▼ | $3,436 | -118.04 | $3,554 |
| Loan Growth YoY (%) | ▼ | 59.66% | -3.06 | 62.72% |
| Total Deposits ($M) | ▲ | $5,622 | +85.40 | $5,537 |
| Shareholders Equity ($M) | ▲ | $653 | +48.07 | $604 |
| Tang. Book Value ($M) | ▲ | $649 | +48.26 | $601 |
| TBV excl. AOCI ($M)** | ▲ | $717 | +50.74 | $667 |
| Loan / Deposit Ratio (%) | ▼ | 59.66% | -3.06 | 62.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.07 | 0.33% |
| Allowance / Loans (%) | — | 2.38% | 0.09% | 2.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.10 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.26% | +0.95 | 12.31% |
Noninterest income ($27.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▂▂▃██ | Net Interest Margin (%) | -0.97% | -0.95% | -0.84% | -0.85% | -0.85% | -0.80% | -0.50% | -0.46% |
| ▇█▁▄▆▆▅▇ | Return on Assets (%) | 0.03% | 0.15% | -0.82% | -0.40% | -0.19% | -0.09% | -0.25% | -0.09% |
| ▂▁▅▃▃▃█▅ | Efficiency Ratio (%) | 89.7% | 73.8% | 127.1% | 98.1% | 99.2% | 100.0% | 161.3% | 127.9% |
| █▇▆▅▆▄▂▁ | Cost of Funds (%) | 3.79% | 3.70% | 3.55% | 3.52% | 3.55% | 3.41% | 3.19% | 3.09% |
| ▄▂▂▃█▄▁▁ | NPA / Assets (%) | 0.34% | 0.29% | 0.31% | 0.33% | 0.46% | 0.35% | 0.26% | 0.26% |
| ▂▁▂▃█▄▁▁ | Net Charge-Off Ratio (%) | 0.55% | 0.49% | 0.53% | 0.58% | 0.82% | 0.63% | 0.47% | 0.49% |
| ▁▁▁▂▄█▇█ | Tang. Book Value ($M) | $596 | $593 | $595 | $601 | $619 | $646 | $641 | $649 |
| █▇▇▄▃▃▂▁ | Gross Loans ($M) | $3,727 | $3,678 | $3,667 | $3,554 | $3,538 | $3,516 | $3,495 | $3,436 |
| ▄▅▄▅▁▁▃█ | Total Deposits ($M) | $5,502 | $5,523 | $5,513 | $5,537 | $5,442 | $5,420 | $5,475 | $5,622 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 36% |