Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.72% | +0.51 | 2.20% |
| Return on Equity (%) | ▲ | 16.35% | +3.12 | 13.23% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.14 | 3.49% |
| Efficiency Ratio (%) | ▲ | 40.44% | -4.85 | 45.29% |
| Pre-Provision Profit ($M) | ▲ | $25 | +6.58 | $18 |
| Cost of Funds (%) | ▲ | 1.74% | -0.19 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,900 | +228.93 | $2,671 |
| Gross Loans ($M) | ▲ | $2,012 | +159.37 | $1,852 |
| Loan Growth YoY (%) | ▼ | 95.79% | -1.18 | 96.97% |
| Total Deposits ($M) | ▲ | $2,075 | +190.70 | $1,884 |
| Shareholders Equity ($M) | ▲ | $489 | +34.34 | $455 |
| Tang. Book Value ($M) | ▲ | $474 | +34.57 | $439 |
| TBV excl. AOCI ($M)** | ▲ | $491 | +36.25 | $455 |
| Loan / Deposit Ratio (%) | ▼ | 95.79% | -1.18 | 96.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.02 | 0.36% |
| Allowance / Loans (%) | — | 1.19% | -0.16% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.02 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.15% | -1.07 | 14.22% |
Noninterest income ($18.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▅▆▇█ | Net Interest Margin (%) | 3.33% | 3.37% | 3.46% | 3.49% | 3.51% | 3.54% | 3.58% | 3.63% |
| ▇█▁▂▅█▄▇ | Return on Assets (%) | 2.69% | 2.80% | 2.08% | 2.20% | 2.55% | 2.83% | 2.43% | 2.72% |
| ▂▁█▇▃▁▄▂ | Efficiency Ratio (%) | 40.3% | 39.2% | 47.1% | 45.3% | 42.0% | 40.1% | 42.3% | 40.4% |
| █▆▃▄▅▃▁▁ | Cost of Funds (%) | 2.23% | 2.05% | 1.90% | 1.94% | 1.98% | 1.88% | 1.72% | 1.74% |
| ▅█▃▁▁▂▄▂ | NPA / Assets (%) | 0.43% | 0.50% | 0.40% | 0.36% | 0.35% | 0.37% | 0.42% | 0.38% |
| ▅█▃▁▁▁▃▂ | Net Charge-Off Ratio (%) | 0.65% | 0.74% | 0.59% | 0.52% | 0.51% | 0.53% | 0.60% | 0.54% |
| ▁▂▄▅▅▇▇█ | Tang. Book Value ($M) | $392 | $408 | $423 | $439 | $438 | $454 | $461 | $474 |
| ▁▁▂▄▅███ | Gross Loans ($M) | $1,744 | $1,761 | $1,790 | $1,852 | $1,895 | $1,989 | $2,020 | $2,012 |
| ▁▄▄▄▄▆▆█ | Total Deposits ($M) | $1,766 | $1,882 | $1,884 | $1,884 | $1,891 | $1,984 | $1,980 | $2,075 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 24% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |