Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.04 | 1.57% |
| Return on Equity (%) | ▲ | 13.90% | +0.33 | 13.57% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.01 | 3.58% |
| Efficiency Ratio (%) | ▼ | 54.86% | +4.39 | 50.48% |
| Pre-Provision Profit ($M) | ▼ | $30 | -1.54 | $31 |
| Cost of Funds (%) | ▲ | 1.76% | -0.25 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,240 | +132.46 | $6,108 |
| Gross Loans ($M) | ▲ | $4,753 | +26.95 | $4,726 |
| Loan Growth YoY (%) | ▼ | 95.36% | -3.31 | 98.67% |
| Total Deposits ($M) | ▲ | $4,928 | +197.71 | $4,730 |
| Shareholders Equity ($M) | ▲ | $731 | +14.95 | $716 |
| Tang. Book Value ($M) | ▲ | $686 | +15.07 | $670 |
| TBV excl. AOCI ($M)** | ▲ | $733 | +21.08 | $712 |
| Loan / Deposit Ratio (%) | ▼ | 95.36% | -3.31 | 98.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.09 | 0.16% |
| Allowance / Loans (%) | — | 1.12% | -0.12% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.11 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.59% | -0.23 | 12.82% |
Noninterest income ($10.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▂▂▃▃▁▂ | Net Interest Margin (%) | 3.82% | 3.77% | 3.56% | 3.58% | 3.62% | 3.62% | 3.51% | 3.57% |
| █▆▁▅▇▇▂▇ | Return on Assets (%) | 1.64% | 1.59% | 1.48% | 1.57% | 1.62% | 1.61% | 1.51% | 1.61% |
| ▁▂▃▂▂▂█▇ | Efficiency Ratio (%) | 49.2% | 50.3% | 51.2% | 50.5% | 50.4% | 50.7% | 56.2% | 54.9% |
| █▇▄▅▅▃▁▁ | Cost of Funds (%) | 2.27% | 2.16% | 1.98% | 2.01% | 2.05% | 1.89% | 1.73% | 1.76% |
| █▂▂██▄▃▁ | NPA / Assets (%) | 0.17% | 0.10% | 0.09% | 0.16% | 0.16% | 0.11% | 0.11% | 0.07% |
| █▂▂██▄▄▁ | Net Charge-Off Ratio (%) | 0.22% | 0.12% | 0.12% | 0.21% | 0.21% | 0.15% | 0.15% | 0.10% |
| ▁▁▂▅█▇▇█ | Tang. Book Value ($M) | $641 | $641 | $652 | $670 | $690 | $680 | $680 | $686 |
| ▁▂▄▇▃▃▃█ | Gross Loans ($M) | $4,582 | $4,617 | $4,652 | $4,726 | $4,633 | $4,635 | $4,640 | $4,753 |
| ▁▄▄▄▆▆█▇ | Total Deposits ($M) | $4,473 | $4,716 | $4,700 | $4,730 | $4,837 | $4,896 | $5,039 | $4,928 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 25% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |