Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.24% | -0.22 | 1.46% |
| Return on Equity (%) | ▼ | 13.52% | -2.10 | 15.62% |
| Net Interest Margin (%) | ▼ | 5.64% | -0.38 | 6.02% |
| Efficiency Ratio (%) | ▼ | 68.59% | +2.63 | 65.95% |
| Pre-Provision Profit ($M) | ▲ | $20 | +0.61 | $19 |
| Cost of Funds (%) | ▲ | 1.98% | -0.04 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,837 | +509.91 | $3,327 |
| Gross Loans ($M) | ▲ | $3,072 | +356.77 | $2,716 |
| Loan Growth YoY (%) | ▼ | 88.96% | -1.35 | 90.32% |
| Total Deposits ($M) | ▲ | $3,393 | +438.11 | $2,955 |
| Shareholders Equity ($M) | ▲ | $349 | +34.27 | $315 |
| Tang. Book Value ($M) | ▲ | $324 | +31.35 | $292 |
| TBV excl. AOCI ($M)** | ▲ | $335 | +30.90 | $304 |
| Loan / Deposit Ratio (%) | ▼ | 88.96% | -1.35 | 90.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.74% | +0.64 | 1.10% |
| Allowance / Loans (%) | — | 1.75% | 0.03% | 1.72% |
| Net Charge-Off Ratio (%) | ▼ | 2.05% | +0.70 | 1.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.34% | -0.53 | 11.87% |
Noninterest income ($9.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▄▆▆▁▁ | Net Interest Margin (%) | 6.46% | 6.38% | 5.99% | 6.02% | 6.21% | 6.16% | 5.64% | 5.64% |
| ▃▂█▇██▁▂ | Return on Assets (%) | 1.28% | 1.22% | 1.52% | 1.46% | 1.49% | 1.51% | 1.16% | 1.24% |
| ▇▅▃▃▁▁█▆ | Efficiency Ratio (%) | 68.9% | 67.8% | 66.0% | 66.0% | 64.6% | 64.1% | 70.3% | 68.6% |
| ██▆▆▁▆▅▅ | Cost of Funds (%) | 2.25% | 2.19% | 2.02% | 2.02% | 1.54% | 2.05% | 1.97% | 1.98% |
| ▁▃▅▄████ | NPA / Assets (%) | 0.65% | 0.99% | 1.33% | 1.10% | 1.74% | 1.72% | 1.65% | 1.74% |
| ▁▃▆▄████ | Net Charge-Off Ratio (%) | 0.78% | 1.19% | 1.64% | 1.35% | 2.03% | 1.95% | 1.94% | 2.05% |
| ▁▄▅▆▆▇██ | Tang. Book Value ($M) | $228 | $267 | $283 | $292 | $298 | $309 | $314 | $324 |
| ▁▅▅▆▆▇██ | Gross Loans ($M) | $2,080 | $2,604 | $2,667 | $2,716 | $2,797 | $2,942 | $3,004 | $3,072 |
| ▁▄▅▆▅▇██ | Total Deposits ($M) | $2,190 | $2,775 | $2,904 | $2,955 | $2,936 | $3,105 | $3,314 | $3,393 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 24% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |