Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.28 | 0.31% |
| Return on Equity (%) | ▲ | 2.83% | +1.19 | 1.64% |
| Net Interest Margin (%) | ▲ | 4.59% | +0.53 | 4.06% |
| Efficiency Ratio (%) | ▲ | 79.91% | -20.04 | 99.95% |
| Pre-Provision Profit ($M) | ▲ | $25 | +19.16 | $6 |
| Cost of Funds (%) | ▲ | 2.26% | -0.40 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,679 | -98.13 | $5,777 |
| Gross Loans ($M) | ▼ | $3,981 | -155.75 | $4,136 |
| Loan Growth YoY (%) | ▲ | 93.25% | +1.63 | 91.62% |
| Total Deposits ($M) | ▼ | $4,185 | -233.87 | $4,418 |
| Shareholders Equity ($M) | ▲ | $1,204 | +64.29 | $1,140 |
| Tang. Book Value ($M) | ▲ | $1,095 | +64.43 | $1,031 |
| TBV excl. AOCI ($M)** | ▲ | $1,107 | +65.62 | $1,042 |
| Loan / Deposit Ratio (%) | ▲ | 93.25% | +1.63 | 91.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.46% | -0.34 | 3.80% |
| Allowance / Loans (%) | — | 1.98% | -0.16% | 2.13% |
| Net Charge-Off Ratio (%) | ▲ | 4.77% | -0.37 | 5.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.43% | +1.03 | 16.40% |
Noninterest income ($40.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▁▂▄▄█▆ | Net Interest Margin (%) | 4.42% | 4.47% | 3.89% | 4.06% | 4.30% | 4.28% | 4.87% | 4.59% |
| █▅▁▄██▄▅ | Return on Assets (%) | 1.32% | 0.71% | -0.43% | 0.31% | 1.54% | 1.35% | 0.50% | 0.60% |
| ▁▂█▆▁▁▄▂ | Efficiency Ratio (%) | 72.3% | 79.8% | 110.2% | 100.0% | 70.9% | 70.8% | 89.5% | 79.9% |
| █▇▆▅▄▃▁▁ | Cost of Funds (%) | 3.03% | 2.93% | 2.75% | 2.66% | 2.59% | 2.50% | 2.24% | 2.26% |
| ▅█▄▆▃▂▁▃ | NPA / Assets (%) | 3.67% | 4.22% | 3.61% | 3.80% | 3.44% | 3.31% | 3.01% | 3.46% |
| ▄█▄▅▃▂▁▃ | Net Charge-Off Ratio (%) | 4.98% | 5.91% | 4.99% | 5.14% | 4.76% | 4.49% | 4.22% | 4.77% |
| █▁▁▁▂▂▂▂ | Tang. Book Value ($M) | $1,367 | $1,022 | $1,018 | $1,031 | $1,088 | $1,088 | $1,097 | $1,095 |
| █▆▃▃▂▃▁▁ | Gross Loans ($M) | $4,439 | $4,300 | $4,152 | $4,136 | $4,061 | $4,098 | $3,989 | $3,981 |
| ▅█▅▃▂▂▃▁ | Total Deposits ($M) | $4,538 | $4,867 | $4,604 | $4,418 | $4,324 | $4,312 | $4,381 | $4,185 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 48% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 5% |