Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.29% | +0.40 | 1.89% |
| Return on Equity (%) | ▲ | 19.53% | +0.92 | 18.61% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.50 | 3.37% |
| Efficiency Ratio (%) | ▲ | 46.87% | -3.28 | 50.16% |
| Pre-Provision Profit ($M) | ▲ | $20 | +2.98 | $17 |
| Cost of Funds (%) | ▲ | 1.32% | -0.27 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,280 | +39.46 | $3,240 |
| Gross Loans ($M) | ▲ | $2,523 | +218.31 | $2,305 |
| Loan Growth YoY (%) | ▲ | 87.67% | +8.54 | 79.13% |
| Total Deposits ($M) | ▼ | $2,849 | -32.57 | $2,881 |
| Shareholders Equity ($M) | ▲ | $383 | +44.77 | $339 |
| Tang. Book Value ($M) | ▲ | $342 | +44.95 | $297 |
| TBV excl. AOCI ($M)** | ▲ | $371 | +42.79 | $328 |
| Loan / Deposit Ratio (%) | ▲ | 87.67% | +8.54 | 79.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.10 | 0.10% |
| Allowance / Loans (%) | — | 1.00% | -0.06% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.09 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.13% | -0.09 | 13.22% |
Noninterest income ($7.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 3.09% | 3.11% | 3.24% | 3.37% | 3.46% | 3.52% | 3.80% | 3.87% |
| ▁▂▂▄▄▅▇█ | Return on Assets (%) | 1.64% | 1.73% | 1.73% | 1.89% | 1.96% | 2.00% | 2.20% | 2.29% |
| █▆▇▅▄▄▂▁ | Efficiency Ratio (%) | 52.3% | 50.9% | 51.6% | 50.2% | 49.4% | 49.4% | 48.1% | 46.9% |
| █▆▅▃▃▂▁▁ | Cost of Funds (%) | 2.12% | 1.82% | 1.76% | 1.60% | 1.61% | 1.48% | 1.36% | 1.32% |
| █▂▂▂▁▁▁▁ | NPA / Assets (%) | 0.61% | 0.13% | 0.13% | 0.10% | 0.01% | 0.01% | 0.01% | 0.00% |
| █▂▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.83% | 0.19% | 0.12% | 0.09% | 0.01% | 0.01% | 0.01% | 0.00% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $276 | $267 | $285 | $297 | $319 | $327 | $333 | $342 |
| ▁▁▂▂▁▄▅█ | Gross Loans ($M) | $2,283 | $2,292 | $2,299 | $2,305 | $2,261 | $2,385 | $2,415 | $2,523 |
| ▁█▅█▃▁▃▇ | Total Deposits ($M) | $2,714 | $2,867 | $2,796 | $2,881 | $2,753 | $2,702 | $2,747 | $2,849 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 17% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 8% |