Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.14 | 1.94% |
| Return on Equity (%) | ▲ | 20.63% | +1.54 | 19.09% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.05 | 3.63% |
| Efficiency Ratio (%) | ▲ | 30.37% | -1.17 | 31.54% |
| Pre-Provision Profit ($M) | ▲ | $25 | +4.78 | $21 |
| Cost of Funds (%) | ▲ | 1.91% | -0.20 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,626 | +432.68 | $3,193 |
| Gross Loans ($M) | ▲ | $2,799 | +304.87 | $2,494 |
| Loan Growth YoY (%) | ▼ | 93.69% | -0.01 | 93.71% |
| Total Deposits ($M) | ▲ | $2,961 | +320.97 | $2,640 |
| Shareholders Equity ($M) | ▲ | $363 | +36.31 | $326 |
| Tang. Book Value ($M) | ▲ | $330 | +36.31 | $293 |
| TBV excl. AOCI ($M)** | ▲ | $362 | +46.88 | $315 |
| Loan / Deposit Ratio (%) | ▼ | 93.69% | -0.01 | 93.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.04 | 0.40% |
| Allowance / Loans (%) | — | 0.88% | 0.07% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.02 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.97% | -0.14 | 11.11% |
Noninterest income ($4.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▂▁▂▃▁▂ | Net Interest Margin (%) | 3.91% | 3.86% | 3.68% | 3.63% | 3.69% | 3.70% | 3.66% | 3.68% |
| ▄▄▁▃▃▂█▆ | Return on Assets (%) | 1.98% | 1.97% | 1.76% | 1.94% | 1.91% | 1.87% | 2.28% | 2.09% |
| █▆▃▃▂▂▁▁ | Efficiency Ratio (%) | 34.4% | 33.3% | 31.6% | 31.5% | 31.1% | 31.1% | 30.5% | 30.4% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.45% | 2.30% | 2.14% | 2.12% | 2.15% | 1.98% | 1.91% | 1.91% |
| ▁▅▅▆▇▄█▅ | NPA / Assets (%) | 0.19% | 0.36% | 0.37% | 0.40% | 0.43% | 0.33% | 0.49% | 0.36% |
| ▁▅▅▆▆▄█▅ | Net Charge-Off Ratio (%) | 0.21% | 0.42% | 0.43% | 0.49% | 0.47% | 0.40% | 0.63% | 0.46% |
| ▁▂▄▄▄▆██ | Tang. Book Value ($M) | $266 | $274 | $291 | $293 | $296 | $313 | $329 | $330 |
| ▁▃▃▄▅▇▇█ | Gross Loans ($M) | $2,279 | $2,474 | $2,447 | $2,494 | $2,582 | $2,671 | $2,685 | $2,799 |
| ▁▃▃▄▆▇▇█ | Total Deposits ($M) | $2,381 | $2,573 | $2,566 | $2,640 | $2,800 | $2,869 | $2,828 | $2,961 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 31% |
| C&I / Commercial | 43% |
| Consumer | 13% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 24% |