Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.41 | 0.96% |
| Return on Equity (%) | ▲ | 12.40% | +3.27 | 9.13% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.22 | 3.28% |
| Efficiency Ratio (%) | ▲ | 66.21% | -5.84 | 72.05% |
| Pre-Provision Profit ($M) | ▲ | $18 | +6.43 | $11 |
| Cost of Funds (%) | ▲ | 1.98% | -0.35 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,329 | +292.66 | $4,036 |
| Gross Loans ($M) | ▲ | $3,436 | +264.34 | $3,172 |
| Loan Growth YoY (%) | ▲ | 95.49% | +4.95 | 90.54% |
| Total Deposits ($M) | ▲ | $3,567 | +96.13 | $3,471 |
| Shareholders Equity ($M) | ▲ | $478 | +56.99 | $421 |
| Tang. Book Value ($M) | ▲ | $448 | +61.11 | $386 |
| TBV excl. AOCI ($M)** | ▲ | $472 | +61.57 | $411 |
| Loan / Deposit Ratio (%) | ▲ | 95.49% | +4.95 | 90.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.14% | +0.50 | 1.64% |
| Allowance / Loans (%) | — | 0.87% | -0.05% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 2.67% | +0.60 | 2.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.05% | +0.74 | 13.31% |
Noninterest income ($16.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇▇██ | Net Interest Margin (%) | 2.96% | 3.03% | 3.21% | 3.28% | 3.36% | 3.43% | 3.50% | 3.50% |
| ▂▁▆▄▄▆██ | Return on Assets (%) | 0.80% | 0.71% | 1.16% | 0.96% | 1.03% | 1.19% | 1.39% | 1.37% |
| ▇█▄▅▄▃▁▁ | Efficiency Ratio (%) | 75.3% | 77.0% | 70.7% | 72.0% | 71.3% | 69.7% | 66.3% | 66.2% |
| █▇▄▄▅▂▁▁ | Cost of Funds (%) | 2.79% | 2.59% | 2.33% | 2.33% | 2.42% | 2.17% | 2.00% | 1.98% |
| ▁▃▁▄▅▆▇█ | NPA / Assets (%) | 1.16% | 1.46% | 1.27% | 1.64% | 1.66% | 1.78% | 1.96% | 2.14% |
| ▁▃▂▅▄▆▇█ | Net Charge-Off Ratio (%) | 1.42% | 1.80% | 1.58% | 2.07% | 2.03% | 2.27% | 2.50% | 2.67% |
| ▁▁▂▂▄▆▇█ | Tang. Book Value ($M) | $367 | $368 | $380 | $386 | $398 | $418 | $432 | $448 |
| ▂▁▂▄▄▄▄█ | Gross Loans ($M) | $3,069 | $2,999 | $3,080 | $3,172 | $3,166 | $3,182 | $3,215 | $3,436 |
| ▁▂▅▇▄▇██ | Total Deposits ($M) | $3,125 | $3,201 | $3,361 | $3,471 | $3,346 | $3,503 | $3,544 | $3,567 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 28% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 5% |