Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.84% | -0.18 | 2.02% |
| Return on Equity (%) | ▼ | 17.41% | -2.16 | 19.57% |
| Net Interest Margin (%) | ▼ | 3.86% | -0.16 | 4.02% |
| Efficiency Ratio (%) | ▼ | 42.49% | +3.48 | 39.01% |
| Pre-Provision Profit ($M) | ▼ | $36 | -2.72 | $39 |
| Cost of Funds (%) | ▼ | 0.23% | +0.01 | 0.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,768 | -19.76 | $5,788 |
| Gross Loans ($M) | ▼ | $669 | -79.43 | $748 |
| Loan Growth YoY (%) | ▼ | 13.78% | -1.68 | 15.46% |
| Total Deposits ($M) | ▲ | $4,776 | +25.55 | $4,750 |
| Shareholders Equity ($M) | ▼ | $605 | -18.61 | $623 |
| Tang. Book Value ($M) | ▼ | $483 | -18.60 | $502 |
| TBV excl. AOCI ($M)** | ▲ | $706 | +0.71 | $705 |
| Loan / Deposit Ratio (%) | ▼ | 13.78% | -1.68 | 15.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.07 | 0.09% |
| Allowance / Loans (%) | — | 1.61% | -0.23% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.54 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.23% | +0.61 | 15.61% |
Noninterest income ($10.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▃▃▂▁▁ | Net Interest Margin (%) | 4.39% | 4.34% | 4.05% | 4.02% | 3.99% | 3.96% | 3.84% | 3.86% |
| ██▅▄▄▃▁▁ | Return on Assets (%) | 2.21% | 2.18% | 2.06% | 2.02% | 1.97% | 1.95% | 1.82% | 1.84% |
| ▁▁▃▄▅▆██ | Efficiency Ratio (%) | 36.3% | 36.7% | 38.3% | 39.0% | 39.8% | 40.2% | 42.4% | 42.5% |
| █▁▁▁▂▁▁▁ | Cost of Funds (%) | 0.37% | 0.23% | 0.23% | 0.22% | 0.25% | 0.24% | 0.23% | 0.23% |
| ▂▁▁█▄▃▂▁ | NPA / Assets (%) | 0.02% | 0.01% | 0.00% | 0.09% | 0.04% | 0.03% | 0.02% | 0.01% |
| ▁▁▁█▅▃▃▂ | Net Charge-Off Ratio (%) | 0.11% | 0.09% | 0.04% | 0.66% | 0.36% | 0.25% | 0.21% | 0.12% |
| █▁▄▆▇▇▄▃ | Tang. Book Value ($M) | $521 | $470 | $491 | $502 | $509 | $508 | $493 | $483 |
| ██▅▄▄▃▂▁ | Gross Loans ($M) | $834 | $820 | $771 | $748 | $742 | $726 | $696 | $669 |
| █▇▄▁▂▃▁▁ | Total Deposits ($M) | $5,069 | $5,015 | $4,878 | $4,750 | $4,796 | $4,843 | $4,788 | $4,776 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 11% |
| Consumer | 14% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 55% |