Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.03 | 1.45% |
| Return on Equity (%) | ▲ | 14.28% | +0.58 | 13.70% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.09 | 3.30% |
| Efficiency Ratio (%) | ▲ | 36.59% | -3.31 | 39.90% |
| Pre-Provision Profit ($M) | ▲ | $36 | +7.36 | $29 |
| Cost of Funds (%) | ▲ | 2.07% | -0.26 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,801 | +1069.06 | $5,732 |
| Gross Loans ($M) | ▲ | $5,017 | +691.69 | $4,325 |
| Loan Growth YoY (%) | ▼ | 89.40% | -3.07 | 92.48% |
| Total Deposits ($M) | ▲ | $5,574 | +928.09 | $4,646 |
| Shareholders Equity ($M) | ▲ | $684 | +75.57 | $608 |
| Tang. Book Value ($M) | ▲ | $558 | +75.97 | $482 |
| TBV excl. AOCI ($M)** | ▲ | $613 | +84.95 | $528 |
| Loan / Deposit Ratio (%) | ▼ | 89.40% | -3.07 | 92.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.03 | 0.11% |
| Allowance / Loans (%) | — | 0.66% | 0.00% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.05 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.60% | -0.16 | 10.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▆█▆ | Net Interest Margin (%) | 3.27% | 3.27% | 3.29% | 3.30% | 3.36% | 3.39% | 3.44% | 3.39% |
| ▂▁▇▅██▅▆ | Return on Assets (%) | 1.36% | 1.33% | 1.50% | 1.45% | 1.54% | 1.53% | 1.44% | 1.48% |
| ██▅▄▃▃▁▁ | Efficiency Ratio (%) | 44.2% | 43.8% | 40.4% | 39.9% | 39.2% | 38.8% | 36.3% | 36.6% |
| █▇▅▅▅▂▁▂ | Cost of Funds (%) | 2.62% | 2.51% | 2.31% | 2.33% | 2.32% | 2.09% | 1.95% | 2.07% |
| █▇▁▁▂▁▁▃ | NPA / Assets (%) | 0.27% | 0.25% | 0.11% | 0.11% | 0.14% | 0.12% | 0.13% | 0.15% |
| █▇▁▁▃▂▂▃ | Net Charge-Off Ratio (%) | 0.32% | 0.28% | 0.10% | 0.11% | 0.15% | 0.15% | 0.14% | 0.16% |
| ▁▁▁▃▅▇▇█ | Tang. Book Value ($M) | $458 | $457 | $461 | $482 | $513 | $538 | $536 | $558 |
| ▁▁▂▃▃▅▆█ | Gross Loans ($M) | $4,038 | $4,067 | $4,262 | $4,325 | $4,372 | $4,544 | $4,735 | $5,017 |
| ▁▁▂▂▃▄▇█ | Total Deposits ($M) | $4,367 | $4,356 | $4,617 | $4,646 | $4,785 | $4,878 | $5,301 | $5,574 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 35% |
| C&I / Commercial | 39% |
| Consumer | 9% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 20% |