Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.12 | 1.34% |
| Return on Equity (%) | ▲ | 13.35% | +0.18 | 13.17% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.25 | 3.37% |
| Efficiency Ratio (%) | ▲ | 53.66% | -2.45 | 56.11% |
| Pre-Provision Profit ($M) | ▲ | $16 | +2.30 | $14 |
| Cost of Funds (%) | ▲ | 1.25% | -0.13 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,310 | +143.26 | $3,167 |
| Gross Loans ($M) | ▲ | $2,266 | +123.20 | $2,143 |
| Loan Growth YoY (%) | ▲ | 76.94% | +1.67 | 75.27% |
| Total Deposits ($M) | ▲ | $2,914 | +95.61 | $2,818 |
| Shareholders Equity ($M) | ▲ | $375 | +48.04 | $327 |
| Tang. Book Value ($M) | ▲ | $373 | +48.04 | $325 |
| TBV excl. AOCI ($M)** | ▲ | $410 | +50.09 | $360 |
| Loan / Deposit Ratio (%) | ▲ | 76.94% | +1.67 | 75.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.04 | 0.04% |
| Allowance / Loans (%) | — | 1.09% | 0.06% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.05 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.32% | +0.36 | 16.95% |
Noninterest income ($5.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.00% | 3.05% | 3.29% | 3.37% | 3.43% | 3.47% | 3.58% | 3.63% |
| ▁▁▆▆▆▆██ | Return on Assets (%) | 1.10% | 1.13% | 1.35% | 1.34% | 1.35% | 1.36% | 1.47% | 1.46% |
| ██▃▄▄▄▁▁ | Efficiency Ratio (%) | 61.2% | 60.6% | 55.5% | 56.1% | 56.3% | 56.1% | 52.9% | 53.7% |
| █▇▄▃▄▂▁▁ | Cost of Funds (%) | 1.61% | 1.52% | 1.41% | 1.38% | 1.40% | 1.31% | 1.28% | 1.25% |
| ▄▅█▁▃▅▆▃ | NPA / Assets (%) | 0.10% | 0.10% | 0.16% | 0.04% | 0.08% | 0.11% | 0.13% | 0.08% |
| ▅▅█▁▃▅▆▃ | Net Charge-Off Ratio (%) | 0.15% | 0.16% | 0.24% | 0.05% | 0.11% | 0.16% | 0.18% | 0.11% |
| ▁▁▂▂▄▆▇█ | Tang. Book Value ($M) | $317 | $311 | $324 | $325 | $341 | $355 | $363 | $373 |
| ▁▁▃▄▅███ | Gross Loans ($M) | $2,058 | $2,078 | $2,117 | $2,143 | $2,176 | $2,252 | $2,258 | $2,266 |
| ▁▃▃▃▄██▆ | Total Deposits ($M) | $2,752 | $2,812 | $2,833 | $2,818 | $2,847 | $2,972 | $2,955 | $2,914 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 7% |