Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.17 | 0.67% |
| Return on Equity (%) | ▲ | 7.84% | +1.47 | 6.37% |
| Net Interest Margin (%) | ▲ | 2.52% | +0.36 | 2.16% |
| Efficiency Ratio (%) | ▲ | 63.41% | -0.10 | 63.51% |
| Pre-Provision Profit ($M) | ▲ | $18 | +3.80 | $15 |
| Cost of Funds (%) | ▲ | 2.23% | -0.43 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,285 | +172.38 | $5,112 |
| Gross Loans ($M) | ▲ | $4,385 | +407.26 | $3,978 |
| Loan Growth YoY (%) | ▲ | 101.89% | +6.85 | 95.04% |
| Total Deposits ($M) | ▲ | $4,262 | +116.27 | $4,146 |
| Shareholders Equity ($M) | ▲ | $557 | +38.21 | $518 |
| Tang. Book Value ($M) | ▲ | $526 | +29.04 | $497 |
| TBV excl. AOCI ($M)** | ▲ | $540 | +28.18 | $512 |
| Loan / Deposit Ratio (%) | ▲ | 101.89% | +6.85 | 95.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.00 | 0.03% |
| Allowance / Loans (%) | — | 0.95% | 0.02% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.80% | -1.19 | 20.99% |
Noninterest income ($11.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▆█ | Net Interest Margin (%) | 1.89% | 1.93% | 2.07% | 2.16% | 2.19% | 2.25% | 2.35% | 2.52% |
| ▁▁▁▄▆▆▅█ | Return on Assets (%) | 0.53% | 0.53% | 0.55% | 0.67% | 0.74% | 0.75% | 0.70% | 0.84% |
| ███▄▁▂█▄ | Efficiency Ratio (%) | 67.4% | 67.8% | 67.2% | 63.5% | 60.4% | 61.5% | 67.9% | 63.4% |
| █▇▄▅▄▄▁▁ | Cost of Funds (%) | 3.05% | 2.91% | 2.59% | 2.66% | 2.62% | 2.59% | 2.31% | 2.23% |
| █▁▆▄▁▃▂▁ | NPA / Assets (%) | 0.03% | 0.02% | 0.03% | 0.03% | 0.02% | 0.03% | 0.03% | 0.02% |
| █▁▇▆▁▂▂▁ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $475 | $478 | $488 | $497 | $511 | $515 | $520 | $526 |
| ▁▁▂▃▅▆▆█ | Gross Loans ($M) | $3,736 | $3,793 | $3,868 | $3,978 | $4,093 | $4,145 | $4,178 | $4,385 |
| ▁▁▅▇▇▄▆█ | Total Deposits ($M) | $3,662 | $3,678 | $3,995 | $4,146 | $4,160 | $3,915 | $4,044 | $4,262 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 1% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |