Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.18 | 0.14% |
| Return on Equity (%) | ▲ | 4.12% | +2.38 | 1.74% |
| Net Interest Margin (%) | ▲ | 2.53% | +0.53 | 2.00% |
| Efficiency Ratio (%) | ▲ | 56.11% | -5.28 | 61.39% |
| Pre-Provision Profit ($M) | ▲ | $18 | +4.64 | $13 |
| Cost of Funds (%) | ▲ | 3.08% | -0.31 | 3.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,526 | -522.43 | $6,049 |
| Gross Loans ($M) | ▼ | $3,856 | -633.21 | $4,489 |
| Loan Growth YoY (%) | ▼ | 78.61% | -5.01 | 83.63% |
| Total Deposits ($M) | ▼ | $4,837 | -475.14 | $5,312 |
| Shareholders Equity ($M) | ▼ | $435 | -24.94 | $460 |
| Tang. Book Value ($M) | ▼ | $407 | -31.38 | $438 |
| TBV excl. AOCI ($M)** | ▼ | $460 | -24.63 | $484 |
| Loan / Deposit Ratio (%) | ▼ | 78.61% | -5.01 | 83.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +0.41 | 0.75% |
| Allowance / Loans (%) | — | 1.38% | 0.34% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.56% | +0.59 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.84% | +0.28 | 10.56% |
Noninterest income ($8.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 1.76% | 1.79% | 1.93% | 2.00% | 2.12% | 2.18% | 2.48% | 2.53% |
| ██▆▆▁▂▇▇ | Return on Assets (%) | 0.56% | 0.58% | 0.20% | 0.14% | -0.83% | -0.50% | 0.32% | 0.32% |
| ▃▂▂▂█▆▁▁ | Efficiency Ratio (%) | 64.1% | 62.0% | 61.0% | 61.4% | 87.6% | 75.6% | 53.5% | 56.1% |
| ▇█▅▅█▄▁▁ | Cost of Funds (%) | 3.55% | 3.68% | 3.44% | 3.39% | 3.74% | 3.32% | 3.00% | 3.08% |
| ▁▂▃▄▇███ | NPA / Assets (%) | 0.39% | 0.50% | 0.61% | 0.75% | 0.98% | 1.10% | 1.12% | 1.16% |
| ▁▁▂▄▇███ | Net Charge-Off Ratio (%) | 0.55% | 0.67% | 0.80% | 0.97% | 1.42% | 1.52% | 1.61% | 1.56% |
| ████▁▁▂▃ | Tang. Book Value ($M) | $442 | $437 | $438 | $438 | $393 | $399 | $402 | $407 |
| ▄▆▆█▁▂▁▂ | Gross Loans ($M) | $4,069 | $4,225 | $4,286 | $4,489 | $3,745 | $3,855 | $3,831 | $3,856 |
| ▁▃▃█▂▁▃▁ | Total Deposits ($M) | $4,807 | $4,946 | $4,958 | $5,312 | $4,931 | $4,854 | $4,991 | $4,837 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 28% |
| Consumer | 12% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 16% |