Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.11 | 1.26% |
| Return on Equity (%) | ▼ | 18.16% | -0.56 | 18.72% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.07 | 3.15% |
| Efficiency Ratio (%) | ▲ | 56.87% | -0.92 | 57.80% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.08 | $14 |
| Cost of Funds (%) | ▲ | 1.95% | -0.25 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,038 | +159.69 | $2,878 |
| Gross Loans ($M) | ▲ | $2,147 | +297.37 | $1,850 |
| Loan Growth YoY (%) | ▲ | 79.39% | +10.16 | 69.23% |
| Total Deposits ($M) | ▲ | $2,672 | +35.51 | $2,637 |
| Shareholders Equity ($M) | ▲ | $238 | +25.85 | $212 |
| Tang. Book Value ($M) | ▲ | $234 | +25.80 | $208 |
| TBV excl. AOCI ($M)** | ▲ | $260 | +19.68 | $240 |
| Loan / Deposit Ratio (%) | ▲ | 79.39% | +10.16 | 69.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.04 | 0.15% |
| Allowance / Loans (%) | — | 1.21% | -0.13% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.08 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.42% | -0.38 | 11.80% |
Noninterest income ($9.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇█▇▇█ | Net Interest Margin (%) | 2.87% | 2.92% | 3.05% | 3.15% | 3.19% | 3.17% | 3.17% | 3.22% |
| ▁▁▄▆▆▆▅█ | Return on Assets (%) | 1.04% | 1.06% | 1.17% | 1.26% | 1.26% | 1.28% | 1.23% | 1.37% |
| █▇▆▂▂▁▄▁ | Efficiency Ratio (%) | 62.8% | 61.9% | 60.8% | 57.8% | 57.5% | 56.7% | 59.1% | 56.9% |
| █▇▃▅▃▂▁▂ | Cost of Funds (%) | 2.48% | 2.34% | 2.01% | 2.21% | 2.03% | 2.00% | 1.85% | 1.95% |
| ▁███▇▆▆▅ | NPA / Assets (%) | 0.03% | 0.15% | 0.15% | 0.15% | 0.13% | 0.12% | 0.11% | 0.11% |
| ▁██▇▆▅▅▄ | Net Charge-Off Ratio (%) | 0.05% | 0.25% | 0.27% | 0.23% | 0.20% | 0.18% | 0.17% | 0.15% |
| ▅▁▃▄▆▇██ | Tang. Book Value ($M) | $211 | $185 | $198 | $208 | $219 | $224 | $229 | $234 |
| ▁▂▂▃▄▆▇█ | Gross Loans ($M) | $1,739 | $1,823 | $1,807 | $1,850 | $1,929 | $2,020 | $2,095 | $2,147 |
| ▄▄█▁▂▇█▂ | Total Deposits ($M) | $2,750 | $2,743 | $2,896 | $2,637 | $2,699 | $2,836 | $2,869 | $2,672 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 24% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 2% |