Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.25 | 1.73% |
| Return on Equity (%) | ▲ | 13.82% | +1.11 | 12.71% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.18 | 4.23% |
| Efficiency Ratio (%) | ▲ | 44.40% | -2.38 | 46.78% |
| Pre-Provision Profit ($M) | ▲ | $23 | +3.03 | $20 |
| Cost of Funds (%) | ▲ | 1.34% | -0.24 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,497 | +207.70 | $3,289 |
| Gross Loans ($M) | ▼ | $2,666 | -32.10 | $2,698 |
| Loan Growth YoY (%) | ▼ | 92.61% | -7.63 | 100.24% |
| Total Deposits ($M) | ▲ | $2,843 | +183.38 | $2,660 |
| Shareholders Equity ($M) | ▲ | $499 | +46.55 | $452 |
| Tang. Book Value ($M) | ▲ | $427 | +46.75 | $381 |
| TBV excl. AOCI ($M)** | ▲ | $439 | +45.79 | $394 |
| Loan / Deposit Ratio (%) | ▼ | 92.61% | -7.63 | 100.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.07 | 0.19% |
| Allowance / Loans (%) | — | 1.23% | 0.05% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.11 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.27% | +1.73 | 12.55% |
Noninterest income ($5.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆▇██ | Net Interest Margin (%) | 4.10% | 4.14% | 4.21% | 4.23% | 4.31% | 4.34% | 4.41% | 4.41% |
| ▃▁▃▃▅▃▇█ | Return on Assets (%) | 1.69% | 1.58% | 1.69% | 1.73% | 1.79% | 1.72% | 1.91% | 1.98% |
| ▆█▃▃▂▇▁▁ | Efficiency Ratio (%) | 49.8% | 52.7% | 47.4% | 46.8% | 46.4% | 50.9% | 44.5% | 44.4% |
| █▆▅▆▇▂▁▁ | Cost of Funds (%) | 1.70% | 1.57% | 1.54% | 1.58% | 1.61% | 1.41% | 1.35% | 1.34% |
| ▁▄▃▁▄▄█▅ | NPA / Assets (%) | 0.18% | 0.24% | 0.22% | 0.19% | 0.25% | 0.24% | 0.32% | 0.27% |
| ▁▄▄▃▆▆█▆ | Net Charge-Off Ratio (%) | 0.07% | 0.20% | 0.18% | 0.16% | 0.25% | 0.26% | 0.35% | 0.27% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $350 | $360 | $365 | $381 | $391 | $404 | $409 | $427 |
| ▁▁▂▇▆██▆ | Gross Loans ($M) | $2,517 | $2,531 | $2,561 | $2,698 | $2,662 | $2,724 | $2,700 | $2,666 |
| ▂▁▄▂▆▅▅█ | Total Deposits ($M) | $2,635 | $2,599 | $2,701 | $2,660 | $2,773 | $2,741 | $2,738 | $2,843 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 25% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |