Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.34% | -0.96 | 1.30% |
| Return on Equity (%) | ▼ | 2.63% | -7.80 | 10.43% |
| Net Interest Margin (%) | ▲ | 4.59% | +0.48 | 4.12% |
| Efficiency Ratio (%) | ▼ | 73.81% | +11.44 | 62.37% |
| Pre-Provision Profit ($M) | ▼ | $35 | -4.73 | $40 |
| Cost of Funds (%) | ▼ | 2.13% | +0.37 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $15,654 | +7229.92 | $8,424 |
| Gross Loans ($M) | ▲ | $11,709 | +5111.30 | $6,598 |
| Loan Growth YoY (%) | ▼ | 85.60% | -4.82 | 90.42% |
| Total Deposits ($M) | ▲ | $13,475 | +6270.44 | $7,205 |
| Shareholders Equity ($M) | ▲ | $1,928 | +872.95 | $1,055 |
| Tang. Book Value ($M) | ▲ | $1,658 | +787.12 | $871 |
| TBV excl. AOCI ($M)** | ▲ | $1,755 | +858.83 | $896 |
| Loan / Deposit Ratio (%) | ▼ | 85.60% | -4.82 | 90.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.33% | +0.48 | 0.85% |
| Allowance / Loans (%) | — | 1.48% | 0.22% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 1.63% | +0.75 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.98% | -0.43 | 13.41% |
Noninterest income ($34.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▂▃▄█ | Net Interest Margin (%) | 4.09% | 4.13% | 4.06% | 4.12% | 4.17% | 4.21% | 4.26% | 4.59% |
| ▇▇████▇▁ | Return on Assets (%) | 1.11% | 1.06% | 1.24% | 1.30% | 1.26% | 1.29% | 1.11% | 0.34% |
| ▁▂▁▁▁▁▃█ | Efficiency Ratio (%) | 62.8% | 64.7% | 62.6% | 62.4% | 62.1% | 61.9% | 65.9% | 73.8% |
| ▇▅▃▄▄▂▁█ | Cost of Funds (%) | 2.04% | 1.87% | 1.70% | 1.77% | 1.82% | 1.67% | 1.53% | 2.13% |
| ▁▂▄▁▃▁▁█ | NPA / Assets (%) | 0.87% | 0.93% | 1.02% | 0.85% | 1.00% | 0.86% | 0.83% | 1.33% |
| ▂▃▄▁▃▁▁█ | Net Charge-Off Ratio (%) | 1.02% | 1.08% | 1.21% | 0.88% | 1.05% | 0.91% | 0.85% | 1.63% |
| ▁▁▁▁▁▂▂█ | Tang. Book Value ($M) | $805 | $812 | $843 | $871 | $905 | $926 | $948 | $1,658 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $6,516 | $6,438 | $6,550 | $6,598 | $6,767 | $6,774 | $7,084 | $11,709 |
| ▁▁▁▁▁▁▁█ | Total Deposits ($M) | $6,761 | $6,782 | $6,980 | $7,205 | $7,208 | $7,174 | $7,151 | $13,475 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 25% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |