Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.24 | 0.86% |
| Return on Equity (%) | ▼ | 5.25% | -2.33 | 7.58% |
| Net Interest Margin (%) | ▼ | 3.21% | -0.41 | 3.62% |
| Efficiency Ratio (%) | ▼ | 72.38% | +8.32 | 64.06% |
| Pre-Provision Profit ($M) | ▼ | $24 | -6.26 | $30 |
| Cost of Funds (%) | ▲ | 3.04% | -0.18 | 3.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,480 | +1096.66 | $7,384 |
| Gross Loans ($M) | ▲ | $6,102 | +1241.87 | $4,860 |
| Loan Growth YoY (%) | ▲ | 82.55% | +2.53 | 80.03% |
| Total Deposits ($M) | ▲ | $7,325 | +1312.66 | $6,012 |
| Shareholders Equity ($M) | ▲ | $1,036 | +189.42 | $846 |
| Tang. Book Value ($M) | ▲ | $1,000 | +185.82 | $814 |
| TBV excl. AOCI ($M)** | ▲ | $1,063 | +183.07 | $880 |
| Loan / Deposit Ratio (%) | ▲ | 82.55% | +2.53 | 80.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.10% | -0.15 | 1.26% |
| Allowance / Loans (%) | — | 0.90% | -0.10% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 1.45% | -0.19 | 1.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($21.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▅▆██▁▁ | Net Interest Margin (%) | 3.58% | 3.51% | 3.52% | 3.62% | 3.80% | 3.77% | 3.18% | 3.21% |
| ▃▂▁▃▇█▁▁ | Return on Assets (%) | 0.80% | 0.78% | 0.67% | 0.86% | 1.18% | 1.35% | 0.70% | 0.62% |
| ██▅▃▁▁██ | Efficiency Ratio (%) | 73.2% | 74.1% | 67.9% | 64.1% | 58.4% | 59.6% | 73.5% | 72.4% |
| █▄▂▂▄▂▁▁ | Cost of Funds (%) | 3.91% | 3.46% | 3.16% | 3.22% | 3.38% | 3.24% | 3.03% | 3.04% |
| █▅█▅▁▄▄▄ | NPA / Assets (%) | 1.71% | 1.21% | 1.79% | 1.26% | 0.55% | 1.06% | 1.14% | 1.10% |
| █▄▇▅▁▃▄▄ | Net Charge-Off Ratio (%) | 2.51% | 1.44% | 2.23% | 1.64% | 0.61% | 1.31% | 1.48% | 1.45% |
| ▁▁▁▂▃▅▅█ | Tang. Book Value ($M) | $768 | $779 | $795 | $814 | $853 | $891 | $902 | $1,000 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $3,966 | $4,324 | $4,505 | $4,860 | $5,406 | $5,649 | $5,826 | $6,102 |
| ▂▁▁▂▅▆██ | Total Deposits ($M) | $5,921 | $5,637 | $5,827 | $6,012 | $6,531 | $6,801 | $7,160 | $7,325 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 16% |
| Consumer | 3% |
| Other | 34% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 15% |