Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.03 | 1.34% |
| Return on Equity (%) | ▲ | 14.05% | +0.05 | 14.00% |
| Net Interest Margin (%) | ▲ | 2.48% | +0.06 | 2.42% |
| Efficiency Ratio (%) | ▲ | 51.68% | -1.22 | 52.90% |
| Pre-Provision Profit ($M) | ▲ | $32 | +3.54 | $29 |
| Cost of Funds (%) | ▲ | 3.30% | -0.18 | 3.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,529 | +1098.53 | $6,431 |
| Gross Loans ($M) | ▲ | $6,792 | +964.14 | $5,828 |
| Loan Growth YoY (%) | ▼ | 129.10% | -0.22 | 129.32% |
| Total Deposits ($M) | ▲ | $5,254 | +756.82 | $4,497 |
| Shareholders Equity ($M) | ▲ | $708 | +98.84 | $609 |
| Tang. Book Value ($M) | ▲ | $684 | +92.73 | $591 |
| Loan / Deposit Ratio (%) | ▼ | 129.10% | -0.22 | 129.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.15% | -0.20 | 1.35% |
| Allowance / Loans (%) | — | 0.14% | -0.07% | 0.21% |
| Net Charge-Off Ratio (%) | ▲ | 1.23% | -0.26 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.10% | -0.05 | 11.15% |
Noninterest income ($21.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▁▄▆█▆▇ | Net Interest Margin (%) | 2.38% | 2.41% | 2.33% | 2.42% | 2.47% | 2.53% | 2.48% | 2.48% |
| ▃▁▆▇██▇▆ | Return on Assets (%) | 1.20% | 1.12% | 1.29% | 1.34% | 1.37% | 1.39% | 1.34% | 1.32% |
| ▇█▃▂▁▁▁▁ | Efficiency Ratio (%) | 58.1% | 59.1% | 53.9% | 52.9% | 52.4% | 51.8% | 51.5% | 51.7% |
| ██▂▄▄▄▁▂ | Cost of Funds (%) | 4.01% | 3.98% | 3.28% | 3.48% | 3.56% | 3.52% | 3.14% | 3.30% |
| ██▇▄▂▄▂▁ | NPA / Assets (%) | 1.52% | 1.57% | 1.50% | 1.35% | 1.25% | 1.32% | 1.23% | 1.15% |
| ██▇▅▂▄▂▁ | Net Charge-Off Ratio (%) | 1.68% | 1.70% | 1.62% | 1.49% | 1.35% | 1.44% | 1.30% | 1.23% |
| ▁▁▄▅▆▇██ | Tang. Book Value ($M) | $462 | $468 | $571 | $591 | $624 | $644 | $664 | $684 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $4,757 | $4,645 | $5,355 | $5,828 | $6,227 | $6,331 | $6,708 | $6,792 |
| ▁▁▂▅▆▇▇█ | Total Deposits ($M) | $3,537 | $3,429 | $3,850 | $4,497 | $4,778 | $4,889 | $5,024 | $5,254 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| Other | 58% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 33% |
| Brokered / Other | 62% |