Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +2.59 | -1.35% |
| Return on Equity (%) | ▲ | 16.36% | +37.48 | -21.12% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.32 | 3.33% |
| Efficiency Ratio (%) | ▲ | 61.00% | -0.93 | 61.93% |
| Pre-Provision Profit ($M) | ▲ | $38 | +1.76 | $36 |
| Cost of Funds (%) | ▲ | 0.62% | -0.13 | 0.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,049 | +235.30 | $8,814 |
| Gross Loans ($M) | ▲ | $6,243 | +146.30 | $6,097 |
| Loan Growth YoY (%) | ▲ | 75.06% | +0.15 | 74.91% |
| Total Deposits ($M) | ▲ | $8,235 | +183.99 | $8,051 |
| Shareholders Equity ($M) | ▲ | $692 | +75.53 | $617 |
| Tang. Book Value ($M) | ▲ | $686 | +76.40 | $610 |
| TBV excl. AOCI ($M)** | ▲ | $783 | +83.78 | $700 |
| Loan / Deposit Ratio (%) | ▲ | 75.06% | +0.15 | 74.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.03 | 0.16% |
| Allowance / Loans (%) | — | 0.99% | -0.09% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.04 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.49% | +0.70 | 12.79% |
Noninterest income ($23.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 2.93% | 2.93% | 3.18% | 3.33% | 3.41% | 3.46% | 3.62% | 3.65% |
| ▆▇▁▄▆▆██ | Return on Assets (%) | -0.09% | 0.13% | -3.78% | -1.35% | -0.61% | -0.34% | 1.27% | 1.24% |
| ██▃▂▅█▁▁ | Efficiency Ratio (%) | 70.2% | 70.6% | 64.1% | 61.9% | 66.8% | 71.5% | 60.3% | 61.0% |
| ██▇▃▂▁▁▁ | Cost of Funds (%) | 1.10% | 1.06% | 1.02% | 0.75% | 0.70% | 0.65% | 0.61% | 0.62% |
| ▇▆▁▂▁█▁▁ | NPA / Assets (%) | 0.28% | 0.27% | 0.15% | 0.16% | 0.13% | 0.32% | 0.13% | 0.13% |
| ▇▇▁▂▁█▁▁ | Net Charge-Off Ratio (%) | 0.42% | 0.41% | 0.22% | 0.23% | 0.19% | 0.47% | 0.20% | 0.19% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $549 | $539 | $577 | $610 | $638 | $663 | $675 | $686 |
| ▁▄▂▃▃▂▅█ | Gross Loans ($M) | $6,040 | $6,121 | $6,073 | $6,097 | $6,092 | $6,088 | $6,148 | $6,243 |
| ▂▃█▂▁▇██ | Total Deposits ($M) | $8,044 | $8,077 | $8,240 | $8,051 | $7,997 | $8,180 | $8,237 | $8,235 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |