Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.94% | +0.04 | 2.90% |
| Return on Equity (%) | ▲ | 31.84% | +3.21 | 28.63% |
| Net Interest Margin (%) | ▼ | 5.49% | -0.56 | 6.04% |
| Efficiency Ratio (%) | ▼ | 41.28% | +1.89 | 39.40% |
| Pre-Provision Profit ($M) | ▼ | $117 | -14.28 | $131 |
| Cost of Funds (%) | ▲ | 0.23% | -0.12 | 0.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,206 | +379.35 | $8,827 |
| Gross Loans ($M) | ▲ | $7,188 | +467.16 | $6,721 |
| Loan Growth YoY (%) | ▲ | 95.15% | +9.46 | 85.69% |
| Total Deposits ($M) | ▼ | $7,488 | -286.03 | $7,774 |
| Shareholders Equity ($M) | ▼ | $882 | -60.81 | $943 |
| Tang. Book Value ($M) | ▼ | $881 | -60.47 | $942 |
| TBV excl. AOCI ($M)** | ▼ | $962 | -53.80 | $1,016 |
| Loan / Deposit Ratio (%) | ▲ | 95.15% | +9.46 | 85.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.71% | +0.02 | 1.69% |
| Allowance / Loans (%) | — | 0.88% | -0.00% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +0.09 | 1.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.27% | -1.53 | 15.80% |
Noninterest income ($73.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▆▆▅▁▂ | Net Interest Margin (%) | 6.45% | 6.33% | 5.77% | 6.04% | 6.11% | 6.00% | 5.33% | 5.49% |
| █▅▁▅▅▁▄▇ | Return on Assets (%) | 2.98% | 2.90% | 2.80% | 2.90% | 2.90% | 2.81% | 2.87% | 2.94% |
| █▆▁▁▁▁▂▃ | Efficiency Ratio (%) | 48.4% | 45.9% | 38.6% | 39.4% | 39.6% | 39.5% | 41.0% | 41.3% |
| ██▇▃▁▁▁▁ | Cost of Funds (%) | 0.72% | 0.69% | 0.60% | 0.36% | 0.29% | 0.26% | 0.26% | 0.23% |
| ▁▁▁▅█▅▄▅ | NPA / Assets (%) | 1.31% | 1.35% | 1.27% | 1.69% | 2.01% | 1.66% | 1.60% | 1.71% |
| ▁▂▁▅█▆▅▆ | Net Charge-Off Ratio (%) | 0.71% | 0.87% | 0.79% | 1.24% | 1.62% | 1.31% | 1.23% | 1.33% |
| ▄▁▅█▁▁▁▂ | Tang. Book Value ($M) | $901 | $870 | $910 | $942 | $873 | $869 | $872 | $881 |
| ▁▁▃▃▄▆█▅ | Gross Loans ($M) | $6,159 | $6,337 | $6,592 | $6,721 | $6,815 | $7,256 | $7,882 | $7,188 |
| ▁▅█▅▃▇█▃ | Total Deposits ($M) | $6,935 | $7,757 | $8,374 | $7,774 | $7,427 | $8,176 | $8,441 | $7,488 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 11% |
| Consumer | 36% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 95% |
| Interest-Bearing (core) | 3% |
| Brokered / Other | 2% |