Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.07 | 1.61% |
| Return on Equity (%) | ▼ | 12.59% | -0.52 | 13.11% |
| Net Interest Margin (%) | ▲ | 5.26% | +0.31 | 4.95% |
| Efficiency Ratio (%) | ▲ | 49.49% | -4.72 | 54.22% |
| Pre-Provision Profit ($M) | ▲ | $48 | +13.47 | $35 |
| Cost of Funds (%) | ▼ | 0.99% | +0.27 | 0.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,861 | +1161.96 | $5,699 |
| Gross Loans ($M) | ▲ | $5,248 | +1246.32 | $4,002 |
| Loan Growth YoY (%) | ▲ | 94.71% | +13.41 | 81.30% |
| Total Deposits ($M) | ▲ | $5,467 | +597.75 | $4,869 |
| Shareholders Equity ($M) | ▲ | $925 | +197.09 | $728 |
| Tang. Book Value ($M) | ▲ | $765 | +159.60 | $605 |
| TBV excl. AOCI ($M)** | ▲ | $817 | +152.72 | $664 |
| Loan / Deposit Ratio (%) | ▲ | 94.71% | +13.41 | 81.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.15 | 0.68% |
| Allowance / Loans (%) | — | 1.34% | 0.27% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 1.08% | +0.27 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.72% | -0.31 | 14.02% |
Noninterest income ($13.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▇█▇█ | Net Interest Margin (%) | 4.69% | 4.73% | 4.90% | 4.95% | 5.14% | 5.22% | 5.19% | 5.26% |
| █▇▅▇▁▄▇█ | Return on Assets (%) | 1.68% | 1.63% | 1.54% | 1.61% | 1.32% | 1.46% | 1.61% | 1.69% |
| ▂▄█▆█▇▁▁ | Efficiency Ratio (%) | 50.9% | 52.3% | 55.8% | 54.2% | 56.4% | 55.2% | 49.6% | 49.5% |
| ▆▄▁▁█▇▅▅ | Cost of Funds (%) | 1.04% | 0.91% | 0.69% | 0.71% | 1.17% | 1.07% | 0.96% | 0.99% |
| █▅▁▁▃▃█▄ | NPA / Assets (%) | 1.07% | 0.92% | 0.66% | 0.68% | 0.78% | 0.79% | 1.11% | 0.83% |
| ▇▁▂▁▂▃█▄ | Net Charge-Off Ratio (%) | 1.31% | 0.76% | 0.88% | 0.81% | 0.91% | 1.01% | 1.45% | 1.08% |
| ▂▁▂▃▇███ | Tang. Book Value ($M) | $583 | $545 | $576 | $605 | $741 | $743 | $769 | $765 |
| ▁▁▁▁████ | Gross Loans ($M) | $3,994 | $3,983 | $3,944 | $4,002 | $5,266 | $5,256 | $5,190 | $5,248 |
| ▁▃▃▃██▇▆ | Total Deposits ($M) | $4,518 | $4,847 | $4,925 | $4,869 | $5,796 | $5,661 | $5,601 | $5,467 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 22% |
| Consumer | 17% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 4% |