Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.17 | 1.02% |
| Return on Equity (%) | ▲ | 11.61% | +0.93 | 10.68% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.10 | 3.22% |
| Efficiency Ratio (%) | ▲ | 66.69% | -1.70 | 68.38% |
| Pre-Provision Profit ($M) | ▲ | $16 | +3.01 | $13 |
| Cost of Funds (%) | ▲ | 1.65% | -0.16 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,486 | +291.09 | $4,195 |
| Gross Loans ($M) | ▲ | $1,433 | +62.79 | $1,370 |
| Loan Growth YoY (%) | ▼ | 41.35% | -1.03 | 42.39% |
| Total Deposits ($M) | ▲ | $3,438 | +228.00 | $3,210 |
| Shareholders Equity ($M) | ▲ | $466 | +68.72 | $397 |
| Tang. Book Value ($M) | ▲ | $275 | +66.12 | $209 |
| TBV excl. AOCI ($M)** | ▲ | $402 | +74.50 | $327 |
| Loan / Deposit Ratio (%) | ▼ | 41.35% | -1.03 | 42.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.95% | -0.01 | 0.96% |
| Allowance / Loans (%) | — | 0.76% | 0.09% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 2.96% | +0.03 | 2.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.56% | +0.19 | 20.38% |
Noninterest income ($15.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▂▄▄▁▄█ | Net Interest Margin (%) | 3.21% | 3.21% | 3.16% | 3.22% | 3.22% | 3.14% | 3.21% | 3.32% |
| ▆▅▇▆▇▁██ | Return on Assets (%) | 0.98% | 0.97% | 1.07% | 1.02% | 1.07% | 0.58% | 1.22% | 1.19% |
| ▇█▃▄▃▅▁▂ | Efficiency Ratio (%) | 69.9% | 71.0% | 67.7% | 68.4% | 67.4% | 69.0% | 65.9% | 66.7% |
| █▆▂▃▃▃▁▂ | Cost of Funds (%) | 2.36% | 2.07% | 1.72% | 1.82% | 1.84% | 1.77% | 1.54% | 1.65% |
| ▅▆▆▁█▂▂▁ | NPA / Assets (%) | 1.15% | 1.22% | 1.19% | 0.96% | 1.32% | 1.03% | 1.03% | 0.95% |
| ▄▅▆▁█▂▃▁ | Net Charge-Off Ratio (%) | 3.52% | 3.68% | 3.79% | 2.94% | 4.12% | 3.18% | 3.29% | 2.96% |
| ▁▁▂▄▆█▇█ | Tang. Book Value ($M) | $180 | $169 | $191 | $209 | $244 | $263 | $257 | $275 |
| ▂▁▁▆▃▆▆█ | Gross Loans ($M) | $1,286 | $1,256 | $1,253 | $1,370 | $1,318 | $1,382 | $1,367 | $1,433 |
| ▃▅▁▂▁▂██ | Total Deposits ($M) | $3,238 | $3,335 | $3,153 | $3,210 | $3,187 | $3,205 | $3,457 | $3,438 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 11% |
| Consumer | 6% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 29% |