Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.20 | 1.78% |
| Return on Equity (%) | ▲ | 17.21% | +1.41 | 15.80% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.01 | 3.92% |
| Efficiency Ratio (%) | ▲ | 45.35% | -0.90 | 46.25% |
| Pre-Provision Profit ($M) | ▲ | $68 | +2.21 | $66 |
| Cost of Funds (%) | ▲ | 1.67% | -0.21 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,568 | +3.83 | $9,564 |
| Gross Loans ($M) | ▲ | $7,956 | +30.37 | $7,926 |
| Loan Growth YoY (%) | ▲ | 95.10% | +0.72 | 94.37% |
| Total Deposits ($M) | ▼ | $8,286 | -18.38 | $8,304 |
| Shareholders Equity ($M) | ▲ | $1,107 | +38.52 | $1,068 |
| Tang. Book Value ($M) | ▲ | $1,048 | +39.10 | $1,009 |
| TBV excl. AOCI ($M)** | ▲ | $1,076 | +34.21 | $1,042 |
| Loan / Deposit Ratio (%) | ▲ | 95.10% | +0.72 | 94.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.31 | 0.69% |
| Allowance / Loans (%) | — | 0.97% | -0.16% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.36 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.25% | +0.95 | 11.30% |
Noninterest income ($37.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▁▅▇█▃▅ | Net Interest Margin (%) | 3.88% | 3.91% | 3.86% | 3.92% | 3.95% | 3.97% | 3.90% | 3.93% |
| ▄▇▇▁▁▅██ | Return on Assets (%) | 1.86% | 1.95% | 1.95% | 1.78% | 1.79% | 1.88% | 1.98% | 1.98% |
| ▄▃███▆▁▃ | Efficiency Ratio (%) | 45.4% | 45.4% | 46.3% | 46.2% | 46.2% | 45.8% | 44.9% | 45.3% |
| █▆▃▃▄▂▁▁ | Cost of Funds (%) | 2.42% | 2.19% | 1.87% | 1.88% | 1.96% | 1.80% | 1.65% | 1.67% |
| ▇▆▂█▃▁▁▁ | NPA / Assets (%) | 0.65% | 0.61% | 0.45% | 0.69% | 0.49% | 0.42% | 0.39% | 0.38% |
| ▄▁▃█▃▂▁▁ | Net Charge-Off Ratio (%) | 0.49% | 0.34% | 0.44% | 0.72% | 0.47% | 0.39% | 0.36% | 0.36% |
| ▁▃▄▂▂▁▇█ | Tang. Book Value ($M) | $999 | $1,016 | $1,018 | $1,009 | $1,010 | $1,001 | $1,039 | $1,048 |
| █▃▁▄▁▃▃▅ | Gross Loans ($M) | $8,106 | $7,881 | $7,760 | $7,926 | $7,784 | $7,861 | $7,875 | $7,956 |
| █▅██▅█▁▇ | Total Deposits ($M) | $8,333 | $8,162 | $8,357 | $8,304 | $8,157 | $8,335 | $7,928 | $8,286 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 38% |
| Consumer | 7% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 12% |