Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +1.70 | -1.18% |
| Return on Equity (%) | ▲ | 4.50% | +14.99 | -10.49% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.17 | 2.64% |
| Efficiency Ratio (%) | ▼ | 58.90% | +1.71 | 57.19% |
| Pre-Provision Profit ($M) | ▼ | $33 | -2.31 | $35 |
| Cost of Funds (%) | ▲ | 2.59% | -0.51 | 3.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,618 | -932.08 | $10,550 |
| Gross Loans ($M) | ▼ | $6,672 | -1087.14 | $7,759 |
| Loan Growth YoY (%) | ▼ | 79.87% | -3.07 | 82.94% |
| Total Deposits ($M) | ▼ | $8,202 | -931.88 | $9,133 |
| Shareholders Equity ($M) | ▼ | $1,172 | -25.87 | $1,198 |
| Tang. Book Value ($M) | ▼ | $1,172 | -25.86 | $1,198 |
| TBV excl. AOCI ($M)** | ▼ | $1,257 | -42.73 | $1,300 |
| Loan / Deposit Ratio (%) | ▼ | 79.87% | -3.07 | 82.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.44% | -0.94 | 2.38% |
| Allowance / Loans (%) | — | 1.82% | -0.55% | 2.37% |
| Net Charge-Off Ratio (%) | ▲ | 2.05% | -1.15 | 3.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.95% | +0.70 | 14.25% |
Noninterest income ($10.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▃▅▆██ | Net Interest Margin (%) | 2.67% | 2.68% | 2.53% | 2.64% | 2.68% | 2.72% | 2.77% | 2.81% |
| ▄▅▇▂▁▂██ | Return on Assets (%) | -0.72% | -0.36% | 0.13% | -1.18% | -1.59% | -1.20% | 0.66% | 0.52% |
| ▁▁▅▃▃█▆▅ | Efficiency Ratio (%) | 53.2% | 54.3% | 59.3% | 57.2% | 56.6% | 63.8% | 61.1% | 58.9% |
| █▇▄▄▃▄▁▁ | Cost of Funds (%) | 3.62% | 3.46% | 3.07% | 3.10% | 2.96% | 3.05% | 2.68% | 2.59% |
| ▁▅▄██▅▅▂ | NPA / Assets (%) | 1.22% | 1.91% | 1.80% | 2.38% | 2.37% | 1.91% | 1.88% | 1.44% |
| ▁▅▅██▆▅▂ | Net Charge-Off Ratio (%) | 1.69% | 2.63% | 2.52% | 3.21% | 3.23% | 2.68% | 2.63% | 2.05% |
| ▆▇█▅▁▁▂▃ | Tang. Book Value ($M) | $1,225 | $1,231 | $1,256 | $1,198 | $1,139 | $1,149 | $1,165 | $1,172 |
| ███▇▅▅▂▁ | Gross Loans ($M) | $7,970 | $7,935 | $7,959 | $7,759 | $7,441 | $7,371 | $6,994 | $6,672 |
| ▃▆▇▆█▆▃▁ | Total Deposits ($M) | $8,568 | $9,155 | $9,292 | $9,133 | $9,473 | $9,142 | $8,597 | $8,202 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 18% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 40% |