Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.52% | -0.11 | 1.63% |
| Return on Equity (%) | ▼ | 18.30% | -2.41 | 20.71% |
| Net Interest Margin (%) | ▼ | 3.53% | -0.19 | 3.72% |
| Efficiency Ratio (%) | ▼ | 58.30% | +0.56 | 57.74% |
| Pre-Provision Profit ($M) | ▲ | $35 | +0.22 | $35 |
| Cost of Funds (%) | ▲ | 1.88% | -0.13 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,626 | +517.56 | $8,109 |
| Gross Loans ($M) | ▲ | $3,385 | +290.06 | $3,094 |
| Loan Growth YoY (%) | ▼ | 60.13% | -0.67 | 60.80% |
| Total Deposits ($M) | ▲ | $5,552 | +533.25 | $5,019 |
| Shareholders Equity ($M) | ▲ | $694 | +87.35 | $607 |
| Tang. Book Value ($M) | ▲ | $674 | +93.05 | $581 |
| TBV excl. AOCI ($M)** | ▲ | $912 | +99.60 | $812 |
| Loan / Deposit Ratio (%) | ▼ | 60.13% | -0.67 | 60.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.08 | 0.16% |
| Allowance / Loans (%) | — | 1.36% | -0.03% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.20 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.77% | +0.72 | 13.05% |
Noninterest income ($13.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▄▄▄▁▁ | Net Interest Margin (%) | 3.99% | 3.95% | 3.71% | 3.72% | 3.74% | 3.74% | 3.53% | 3.53% |
| ██▆▅▇█▁▁ | Return on Assets (%) | 1.70% | 1.71% | 1.65% | 1.63% | 1.69% | 1.72% | 1.51% | 1.52% |
| ▁▁█▅▂▂█▆ | Efficiency Ratio (%) | 55.9% | 56.3% | 59.0% | 57.7% | 56.6% | 56.5% | 59.2% | 58.3% |
| █▅▁▄▄▂▁▂ | Cost of Funds (%) | 2.33% | 2.09% | 1.81% | 2.01% | 2.05% | 1.88% | 1.82% | 1.88% |
| ▃▄▁▁▁▇█▄ | NPA / Assets (%) | 0.19% | 0.22% | 0.14% | 0.16% | 0.16% | 0.32% | 0.35% | 0.24% |
| ▃▃▁▂▂▇█▄ | Net Charge-Off Ratio (%) | 0.47% | 0.52% | 0.31% | 0.40% | 0.40% | 0.82% | 0.91% | 0.60% |
| ▁▂▄▂▅███ | Tang. Book Value ($M) | $553 | $577 | $599 | $581 | $614 | $666 | $666 | $674 |
| ▁▂▂▃▄▅▅█ | Gross Loans ($M) | $2,941 | $3,000 | $2,999 | $3,094 | $3,111 | $3,184 | $3,209 | $3,385 |
| ▁▁▁▁▂▂▄█ | Total Deposits ($M) | $4,992 | $5,046 | $5,050 | $5,019 | $5,068 | $5,097 | $5,246 | $5,552 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 22% |
| Consumer | 16% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |