Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.10% | -2.13 | 1.03% |
| Return on Equity (%) | ▼ | -11.91% | -21.75 | 9.84% |
| Net Interest Margin (%) | ▼ | 7.02% | -0.68 | 7.71% |
| Efficiency Ratio (%) | ▼ | 68.22% | +12.84 | 55.38% |
| Pre-Provision Profit ($M) | ▼ | $38 | -9.95 | $48 |
| Cost of Funds (%) | ▲ | 2.12% | -0.63 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,452 | +975.08 | $4,477 |
| Gross Loans ($M) | ▲ | $4,316 | +715.30 | $3,601 |
| Loan Growth YoY (%) | ▼ | 83.68% | -3.14 | 86.82% |
| Total Deposits ($M) | ▲ | $4,902 | +944.69 | $3,958 |
| Shareholders Equity ($M) | ▲ | $467 | +5.08 | $462 |
| Tang. Book Value ($M) | ▲ | $463 | +0.88 | $462 |
| TBV excl. AOCI ($M)** | ▲ | $465 | +0.86 | $465 |
| Loan / Deposit Ratio (%) | ▼ | 83.68% | -3.14 | 86.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.80% | +0.44 | 1.36% |
| Allowance / Loans (%) | — | 4.95% | 0.38% | 4.58% |
| Net Charge-Off Ratio (%) | ▼ | 2.27% | +0.58 | 1.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.97% | -1.39 | 12.36% |
Noninterest income ($88.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄█▇▇▆▁▂ | Net Interest Margin (%) | 7.40% | 7.34% | 7.87% | 7.71% | 7.64% | 7.56% | 6.90% | 7.02% |
| ███████▁ | Return on Assets (%) | 1.16% | 1.22% | 0.99% | 1.03% | 1.10% | 1.11% | 0.96% | -1.10% |
| ▁▁▃▅▄▄▅█ | Efficiency Ratio (%) | 41.0% | 41.8% | 51.1% | 55.4% | 52.8% | 52.7% | 55.5% | 68.2% |
| █▆▅▆▅▃▁▁ | Cost of Funds (%) | 3.17% | 2.86% | 2.60% | 2.75% | 2.71% | 2.38% | 1.98% | 2.12% |
| ▆▅▂▃▂▃▁█ | NPA / Assets (%) | 1.63% | 1.52% | 1.30% | 1.36% | 1.31% | 1.35% | 1.19% | 1.80% |
| ▅▃▁▂▁▂▂█ | Net Charge-Off Ratio (%) | 1.94% | 1.79% | 1.58% | 1.69% | 1.60% | 1.68% | 1.70% | 2.27% |
| ▁▄▅▆▇██▆ | Tang. Book Value ($M) | $371 | $436 | $449 | $462 | $476 | $489 | $503 | $463 |
| ▁▁▂▂▃▄▆█ | Gross Loans ($M) | $3,426 | $3,507 | $3,559 | $3,601 | $3,747 | $3,821 | $3,983 | $4,316 |
| ▁▁▂▂▃▄██ | Total Deposits ($M) | $3,633 | $3,633 | $3,837 | $3,958 | $4,017 | $4,187 | $5,082 | $4,902 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 3% |
| Consumer | 40% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 87% |