Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.63 | 0.72% |
| Return on Equity (%) | ▲ | 12.70% | +5.26 | 7.44% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.03 | 3.34% |
| Efficiency Ratio (%) | ▲ | 52.35% | -10.85 | 63.21% |
| Pre-Provision Profit ($M) | ▲ | $31 | +5.38 | $26 |
| Cost of Funds (%) | ▲ | 1.44% | -0.24 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,941 | +37.91 | $6,903 |
| Gross Loans ($M) | ▲ | $5,018 | +64.42 | $4,954 |
| Loan Growth YoY (%) | ▲ | 88.92% | +0.55 | 88.37% |
| Total Deposits ($M) | ▲ | $5,593 | +46.70 | $5,546 |
| Shareholders Equity ($M) | ▲ | $750 | +62.34 | $688 |
| Tang. Book Value ($M) | ▲ | $556 | +68.27 | $488 |
| TBV excl. AOCI ($M)** | ▲ | $624 | +67.57 | $556 |
| Loan / Deposit Ratio (%) | ▲ | 88.92% | +0.55 | 88.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.09 | 0.26% |
| Allowance / Loans (%) | — | 0.91% | -0.16% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.12 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.73% | +1.06 | 11.68% |
Noninterest income ($14.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁██████ | Net Interest Margin (%) | 2.50% | 2.55% | 3.42% | 3.34% | 3.34% | 3.37% | 3.35% | 3.37% |
| ▄▅▁▂▄▅██ | Return on Assets (%) | 0.93% | 0.97% | 0.53% | 0.72% | 0.91% | 1.03% | 1.31% | 1.35% |
| ▅▅█▅▄▃▁▁ | Efficiency Ratio (%) | 63.1% | 61.8% | 69.9% | 63.2% | 59.2% | 57.1% | 52.4% | 52.4% |
| █▆▃▄▃▂▁▁ | Cost of Funds (%) | 2.05% | 1.89% | 1.64% | 1.68% | 1.64% | 1.55% | 1.44% | 1.44% |
| ▁▁▁█▂▁▄▅ | NPA / Assets (%) | 0.09% | 0.08% | 0.11% | 0.26% | 0.12% | 0.10% | 0.16% | 0.17% |
| ▁▁▁█▂▁▄▄ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.15% | 0.37% | 0.17% | 0.14% | 0.22% | 0.24% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $446 | $442 | $468 | $488 | $510 | $528 | $540 | $556 |
| ▁▁▇█████ | Gross Loans ($M) | $4,128 | $4,126 | $4,896 | $4,954 | $5,013 | $4,980 | $4,981 | $5,018 |
| ▁▁██▇███ | Total Deposits ($M) | $4,610 | $4,672 | $5,633 | $5,546 | $5,437 | $5,576 | $5,622 | $5,593 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |