Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.28 | 0.99% |
| Return on Equity (%) | ▲ | 12.04% | +3.06 | 8.98% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.09 | 3.15% |
| Efficiency Ratio (%) | ▲ | 68.38% | -4.23 | 72.61% |
| Pre-Provision Profit ($M) | ▲ | $23 | +2.97 | $21 |
| Cost of Funds (%) | ▲ | 1.94% | -0.22 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,166 | +488.12 | $4,678 |
| Gross Loans ($M) | ▲ | $3,899 | +206.88 | $3,692 |
| Loan Growth YoY (%) | ▼ | 93.57% | -8.43 | 102.00% |
| Total Deposits ($M) | ▲ | $4,141 | +540.27 | $3,600 |
| Shareholders Equity ($M) | ▲ | $528 | +16.18 | $512 |
| Tang. Book Value ($M) | ▲ | $284 | +9.61 | $275 |
| TBV excl. AOCI ($M)** | ▲ | $309 | +11.65 | $297 |
| Loan / Deposit Ratio (%) | ▼ | 93.57% | -8.43 | 102.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.60% | +0.03 | 3.57% |
| Allowance / Loans (%) | — | 0.63% | 0.10% | 0.53% |
| Net Charge-Off Ratio (%) | ▼ | 4.75% | +0.25 | 4.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.91% | -0.20 | 11.10% |
Noninterest income ($35.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▁▅▇█▇█ | Net Interest Margin (%) | 3.09% | 3.13% | 3.04% | 3.15% | 3.21% | 3.25% | 3.21% | 3.24% |
| ▃▂▁▄▆▅▇█ | Return on Assets (%) | 0.89% | 0.87% | 0.76% | 0.99% | 1.13% | 1.04% | 1.18% | 1.27% |
| ██▇▄▂▃▁▁ | Efficiency Ratio (%) | 77.3% | 77.5% | 75.4% | 72.6% | 70.3% | 71.3% | 68.9% | 68.4% |
| ██▅▅▆▄▁▁ | Cost of Funds (%) | 2.37% | 2.36% | 2.14% | 2.17% | 2.25% | 2.11% | 1.89% | 1.94% |
| ▆█▃▁▁▄▃▁ | NPA / Assets (%) | 4.58% | 4.98% | 4.06% | 3.57% | 3.72% | 4.27% | 4.05% | 3.60% |
| ▇█▄▁▂▄▃▂ | Net Charge-Off Ratio (%) | 5.94% | 6.28% | 5.23% | 4.50% | 4.75% | 5.36% | 5.13% | 4.75% |
| ▃▁▃▅█▆▆▇ | Tang. Book Value ($M) | $257 | $235 | $256 | $275 | $299 | $283 | $280 | $284 |
| ▁▁▂▅▇▇██ | Gross Loans ($M) | $3,412 | $3,436 | $3,505 | $3,692 | $3,784 | $3,787 | $3,875 | $3,899 |
| ▂▁▂▄▅▄▆█ | Total Deposits ($M) | $3,379 | $3,261 | $3,470 | $3,600 | $3,758 | $3,667 | $3,842 | $4,141 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 42% |
| Consumer | 10% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 17% |