Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.19 | 1.30% |
| Return on Equity (%) | ▼ | 13.02% | -2.98 | 16.00% |
| Net Interest Margin (%) | ▼ | 7.03% | -0.06 | 7.09% |
| Efficiency Ratio (%) | ▼ | 71.52% | +0.22 | 71.30% |
| Pre-Provision Profit ($M) | ▼ | $20 | -0.13 | $20 |
| Cost of Funds (%) | ▲ | 1.93% | -0.25 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,856 | +321.83 | $3,534 |
| Gross Loans ($M) | ▲ | $2,822 | +288.03 | $2,534 |
| Loan Growth YoY (%) | ▲ | 83.69% | +3.12 | 80.57% |
| Total Deposits ($M) | ▲ | $3,311 | +227.04 | $3,084 |
| Shareholders Equity ($M) | ▲ | $325 | +33.38 | $292 |
| Tang. Book Value ($M) | ▲ | $313 | +37.86 | $275 |
| TBV excl. AOCI ($M)** | ▲ | $351 | +40.07 | $311 |
| Loan / Deposit Ratio (%) | ▲ | 83.69% | +3.12 | 80.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.26% | -0.40 | 1.65% |
| Allowance / Loans (%) | — | 1.83% | -0.13% | 1.97% |
| Net Charge-Off Ratio (%) | ▲ | 1.60% | -0.70 | 2.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.85% | +1.34 | 10.51% |
Noninterest income ($11.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▂▅██▁▄ | Net Interest Margin (%) | 7.23% | 7.21% | 6.95% | 7.09% | 7.19% | 7.19% | 6.91% | 7.03% |
| ▃▁███▇▆▇ | Return on Assets (%) | 0.54% | 0.23% | 1.18% | 1.30% | 1.23% | 1.15% | 0.91% | 1.11% |
| ██▇▃▁▃▅▃ | Efficiency Ratio (%) | 74.0% | 73.6% | 73.4% | 71.3% | 70.1% | 71.2% | 72.2% | 71.5% |
| █▇▆▅▆▃▁▁ | Cost of Funds (%) | 2.39% | 2.30% | 2.26% | 2.19% | 2.23% | 2.05% | 1.96% | 1.93% |
| █▅▆▅▂▁▃▂ | NPA / Assets (%) | 2.09% | 1.59% | 1.75% | 1.65% | 1.28% | 1.03% | 1.32% | 1.26% |
| █▅▆▅▂▁▂▂ | Net Charge-Off Ratio (%) | 2.86% | 2.21% | 2.45% | 2.31% | 1.75% | 1.38% | 1.74% | 1.60% |
| ▂▁▁▃▅▇▇█ | Tang. Book Value ($M) | $268 | $256 | $260 | $275 | $288 | $299 | $305 | $313 |
| ▁▁▁▃▃▄▅█ | Gross Loans ($M) | $2,406 | $2,407 | $2,435 | $2,534 | $2,554 | $2,582 | $2,635 | $2,822 |
| ▁▂▃▅▄▆▇█ | Total Deposits ($M) | $2,849 | $2,929 | $2,967 | $3,084 | $3,048 | $3,152 | $3,237 | $3,311 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 46% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |