Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.20 | 1.22% |
| Return on Equity (%) | ▲ | 13.73% | +1.09 | 12.64% |
| Net Interest Margin (%) | ▼ | 3.08% | -0.04 | 3.12% |
| Efficiency Ratio (%) | ▲ | 42.47% | -2.41 | 44.88% |
| Pre-Provision Profit ($M) | ▲ | $22 | +2.59 | $19 |
| Cost of Funds (%) | ▲ | 1.88% | -0.28 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,709 | +316.60 | $4,392 |
| Gross Loans ($M) | ▲ | $3,515 | +206.56 | $3,309 |
| Loan Growth YoY (%) | ▲ | 91.68% | +1.75 | 89.93% |
| Total Deposits ($M) | ▲ | $3,814 | +158.77 | $3,655 |
| Shareholders Equity ($M) | ▲ | $483 | +54.70 | $428 |
| Tang. Book Value ($M) | ▲ | $408 | +54.73 | $353 |
| TBV excl. AOCI ($M)** | ▲ | $451 | +59.67 | $391 |
| Loan / Deposit Ratio (%) | ▲ | 91.68% | +1.75 | 89.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.00 | 0.17% |
| Allowance / Loans (%) | — | 0.54% | -0.12% | 0.66% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.04 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.19% | +0.38 | 10.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂█▇██▇▆ | Net Interest Margin (%) | 2.88% | 2.93% | 3.16% | 3.12% | 3.13% | 3.13% | 3.10% | 3.08% |
| ▁▁▄▅▆▆██ | Return on Assets (%) | 1.01% | 1.03% | 1.20% | 1.22% | 1.29% | 1.27% | 1.39% | 1.42% |
| █▇▃▃▂▂▁▁ | Efficiency Ratio (%) | 51.0% | 49.6% | 45.1% | 44.9% | 43.8% | 43.5% | 43.2% | 42.5% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.58% | 2.33% | 2.17% | 2.16% | 2.20% | 2.05% | 1.97% | 1.88% |
| ▅▅█▃▁▁▂▃ | NPA / Assets (%) | 0.19% | 0.19% | 0.23% | 0.17% | 0.15% | 0.14% | 0.16% | 0.16% |
| ▆▆█▂▁▁▂▄ | Net Charge-Off Ratio (%) | 0.27% | 0.26% | 0.31% | 0.18% | 0.17% | 0.15% | 0.18% | 0.22% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $322 | $320 | $339 | $353 | $374 | $390 | $394 | $408 |
| ▁▁▃▅▆▅▇█ | Gross Loans ($M) | $2,999 | $3,042 | $3,146 | $3,309 | $3,347 | $3,319 | $3,389 | $3,515 |
| ▁▁▂▅█▇▇█ | Total Deposits ($M) | $3,410 | $3,457 | $3,506 | $3,655 | $3,800 | $3,715 | $3,720 | $3,814 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 37% |
| C&I / Commercial | 37% |
| Consumer | 18% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 19% |