Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.13 | 1.08% |
| Return on Equity (%) | ▼ | 18.70% | -0.91 | 19.61% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.08 | 3.77% |
| Efficiency Ratio (%) | ▲ | 84.51% | -0.77 | 85.28% |
| Pre-Provision Profit ($M) | ▲ | $21 | +1.78 | $19 |
| Cost of Funds (%) | ▼ | 0.73% | +0.15 | 0.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,645 | +323.58 | $4,321 |
| Gross Loans ($M) | ▲ | $2,290 | +147.88 | $2,142 |
| Loan Growth YoY (%) | ▼ | 55.14% | -0.25 | 55.38% |
| Total Deposits ($M) | ▲ | $4,100 | +280.28 | $3,820 |
| Shareholders Equity ($M) | ▲ | $312 | +54.32 | $257 |
| Tang. Book Value ($M) | ▲ | $312 | +54.32 | $257 |
| TBV excl. AOCI ($M)** | ▲ | $397 | +58.72 | $338 |
| Loan / Deposit Ratio (%) | ▼ | 55.14% | -0.25 | 55.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.04 | 0.60% |
| Allowance / Loans (%) | — | 1.27% | 0.04% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.03 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.71% | -0.07 | 19.78% |
Noninterest income ($89.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇██▆█ | Net Interest Margin (%) | 3.44% | 3.50% | 3.61% | 3.77% | 3.82% | 3.83% | 3.74% | 3.86% |
| ▁▁▄▄▃▃▄█ | Return on Assets (%) | 1.00% | 1.00% | 1.09% | 1.08% | 1.08% | 1.07% | 1.11% | 1.21% |
| ▆▆█▄▄▄▃▁ | Efficiency Ratio (%) | 85.6% | 85.6% | 86.2% | 85.3% | 85.3% | 85.2% | 85.1% | 84.5% |
| ▆▆▂▁▆▆▆█ | Cost of Funds (%) | 0.69% | 0.69% | 0.62% | 0.58% | 0.69% | 0.69% | 0.68% | 0.73% |
| ▆█▃▁▃▄▁▃ | NPA / Assets (%) | 0.74% | 0.80% | 0.64% | 0.60% | 0.64% | 0.68% | 0.58% | 0.63% |
| ██▄▁▃▅▁▂ | Net Charge-Off Ratio (%) | 1.53% | 1.57% | 1.34% | 1.20% | 1.27% | 1.37% | 1.15% | 1.23% |
| ▃▁▃▄▆▇▇█ | Tang. Book Value ($M) | $242 | $208 | $244 | $257 | $277 | $289 | $298 | $312 |
| ▁▃▃▅▆▆██ | Gross Loans ($M) | $1,971 | $2,059 | $2,080 | $2,142 | $2,193 | $2,209 | $2,256 | $2,290 |
| ▁▁▅▄▄▆██ | Total Deposits ($M) | $3,618 | $3,614 | $3,910 | $3,820 | $3,813 | $3,985 | $4,143 | $4,100 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 1% |
| Consumer | 13% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 57% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 3% |