Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.06 | 1.55% |
| Return on Equity (%) | ▼ | 14.09% | -0.62 | 14.71% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.20 | 4.07% |
| Efficiency Ratio (%) | ▲ | 57.43% | -0.10 | 57.53% |
| Pre-Provision Profit ($M) | ▲ | $24 | +1.12 | $23 |
| Cost of Funds (%) | ▲ | 1.12% | -0.25 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,583 | +275.43 | $4,307 |
| Gross Loans ($M) | ▼ | $2,802 | -42.26 | $2,845 |
| Loan Growth YoY (%) | ▼ | 68.78% | -5.08 | 73.86% |
| Total Deposits ($M) | ▲ | $4,024 | +220.64 | $3,803 |
| Shareholders Equity ($M) | ▲ | $522 | +52.69 | $469 |
| Tang. Book Value ($M) | ▲ | $488 | +53.67 | $435 |
| TBV excl. AOCI ($M)** | ▲ | $523 | +55.15 | $468 |
| Loan / Deposit Ratio (%) | ▼ | 68.78% | -5.08 | 73.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.20 | 0.43% |
| Allowance / Loans (%) | — | 1.24% | -0.01% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.96% | +0.36 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.27% | +1.53 | 15.74% |
Noninterest income ($11.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆██ | Net Interest Margin (%) | 3.78% | 3.89% | 3.98% | 4.07% | 4.13% | 4.15% | 4.21% | 4.27% |
| ▁▄▃▇▄▆▇█ | Return on Assets (%) | 1.30% | 1.42% | 1.42% | 1.55% | 1.43% | 1.50% | 1.57% | 1.61% |
| █▃▆▂▃▁▃▁ | Efficiency Ratio (%) | 60.1% | 58.1% | 59.0% | 57.5% | 58.2% | 57.1% | 58.0% | 57.4% |
| ██▅▄▄▂▁▁ | Cost of Funds (%) | 1.66% | 1.61% | 1.42% | 1.37% | 1.33% | 1.25% | 1.14% | 1.12% |
| ▁▂▁▅▇▇▇█ | NPA / Assets (%) | 0.20% | 0.29% | 0.23% | 0.43% | 0.57% | 0.55% | 0.58% | 0.63% |
| ▁▂▁▄▇▇▇█ | Net Charge-Off Ratio (%) | 0.30% | 0.44% | 0.34% | 0.60% | 0.85% | 0.84% | 0.87% | 0.96% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $395 | $406 | $421 | $435 | $452 | $472 | $486 | $488 |
| ▆▅█▇▁▁▄▄ | Gross Loans ($M) | $2,836 | $2,825 | $2,863 | $2,845 | $2,771 | $2,765 | $2,803 | $2,802 |
| ▁▂▃▁▂▅▇█ | Total Deposits ($M) | $3,778 | $3,818 | $3,860 | $3,803 | $3,817 | $3,901 | $3,975 | $4,024 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 5% |