Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.20 | 1.27% |
| Return on Equity (%) | ▲ | 13.33% | +1.46 | 11.87% |
| Net Interest Margin (%) | ▼ | 3.91% | -0.43 | 4.34% |
| Efficiency Ratio (%) | ▲ | 51.08% | -1.84 | 52.93% |
| Pre-Provision Profit ($M) | ▼ | $34 | -0.06 | $34 |
| Cost of Funds (%) | ▲ | 2.80% | -0.38 | 3.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,121 | +609.69 | $5,512 |
| Gross Loans ($M) | ▲ | $3,978 | +240.13 | $3,738 |
| Loan Growth YoY (%) | ▲ | 76.79% | +0.33 | 76.47% |
| Total Deposits ($M) | ▲ | $5,105 | +292.83 | $4,812 |
| Shareholders Equity ($M) | ▲ | $651 | +50.70 | $600 |
| Tang. Book Value ($M) | ▲ | $578 | +37.05 | $541 |
| TBV excl. AOCI ($M)** | ▲ | $651 | +54.29 | $597 |
| Loan / Deposit Ratio (%) | ▲ | 76.79% | +0.33 | 76.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.74% | -1.15 | 4.89% |
| Allowance / Loans (%) | — | 1.46% | -0.11% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 3.86% | -0.93 | 4.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.50% | +0.54 | 11.96% |
Noninterest income ($18.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▂▄▄▃▁▁ | Net Interest Margin (%) | 4.89% | 4.65% | 4.15% | 4.34% | 4.29% | 4.21% | 4.02% | 3.91% |
| █▁▁▁▁▃▆▄ | Return on Assets (%) | 1.74% | 1.25% | 1.26% | 1.27% | 1.31% | 1.43% | 1.59% | 1.47% |
| ▂▁▇██▆▄▆ | Efficiency Ratio (%) | 46.0% | 44.4% | 52.3% | 52.9% | 53.9% | 51.2% | 49.0% | 51.1% |
| █▆▆▄▅▂▂▁ | Cost of Funds (%) | 3.61% | 3.38% | 3.31% | 3.17% | 3.22% | 2.93% | 2.97% | 2.80% |
| ▁██▇▄▂▂▃ | NPA / Assets (%) | 3.10% | 5.42% | 5.15% | 4.89% | 4.12% | 3.47% | 3.50% | 3.74% |
| ▂█▇▄▂▁▁▂ | Net Charge-Off Ratio (%) | 4.02% | 6.67% | 6.25% | 4.79% | 3.92% | 3.42% | 3.54% | 3.86% |
| ▄▁▃▅▆███ | Tang. Book Value ($M) | $537 | $498 | $522 | $541 | $559 | $578 | $579 | $578 |
| ▁▂▂▃▂▇▅█ | Gross Loans ($M) | $3,605 | $3,662 | $3,692 | $3,738 | $3,653 | $3,924 | $3,832 | $3,978 |
| ▁▃▃▄▃▇▇█ | Total Deposits ($M) | $4,570 | $4,740 | $4,749 | $4,812 | $4,761 | $4,994 | $4,976 | $5,105 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 32% |