Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.29 | 1.18% |
| Return on Equity (%) | ▲ | 13.92% | +3.41 | 10.51% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.25 | 3.27% |
| Efficiency Ratio (%) | ▲ | 53.87% | -2.78 | 56.65% |
| Pre-Provision Profit ($M) | ▲ | $30 | +9.29 | $21 |
| Cost of Funds (%) | ▲ | 1.84% | -0.38 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,981 | +765.99 | $5,215 |
| Gross Loans ($M) | ▲ | $3,963 | +306.02 | $3,657 |
| Loan Growth YoY (%) | ▼ | 75.95% | -8.39 | 84.34% |
| Total Deposits ($M) | ▲ | $5,169 | +879.58 | $4,289 |
| Shareholders Equity ($M) | ▲ | $626 | +72.86 | $554 |
| Tang. Book Value ($M) | ▲ | $625 | +71.08 | $553 |
| TBV excl. AOCI ($M)** | ▲ | $682 | +77.93 | $604 |
| Loan / Deposit Ratio (%) | ▼ | 75.95% | -8.39 | 84.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.19 | 0.51% |
| Allowance / Loans (%) | — | 0.95% | -0.14% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.24 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($12.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▃▇█ | Net Interest Margin (%) | 3.17% | 3.18% | 3.23% | 3.27% | 3.27% | 3.30% | 3.44% | 3.52% |
| ▂▁▂▃▂▂▅█ | Return on Assets (%) | 1.11% | 1.05% | 1.15% | 1.18% | 1.14% | 1.13% | 1.28% | 1.47% |
| ███▅▄▅▃▁ | Efficiency Ratio (%) | 58.6% | 58.2% | 58.7% | 56.6% | 55.9% | 56.7% | 55.4% | 53.9% |
| █▇▅▄▆▅▂▁ | Cost of Funds (%) | 2.62% | 2.50% | 2.25% | 2.21% | 2.37% | 2.28% | 1.98% | 1.84% |
| ▂▁▅▄█▂▂▁ | NPA / Assets (%) | 0.35% | 0.27% | 0.60% | 0.51% | 0.79% | 0.39% | 0.38% | 0.33% |
| ▂▁▅▄█▂▂▂ | Net Charge-Off Ratio (%) | 0.48% | 0.37% | 0.84% | 0.73% | 1.15% | 0.55% | 0.53% | 0.49% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $504 | $521 | $538 | $553 | $572 | $588 | $599 | $625 |
| ▁▂▂▅▅▇██ | Gross Loans ($M) | $3,157 | $3,316 | $3,370 | $3,657 | $3,710 | $3,882 | $4,075 | $3,963 |
| ▁▁▂▄▆▆▇█ | Total Deposits ($M) | $3,409 | $3,620 | $3,840 | $4,289 | $4,558 | $4,584 | $4,827 | $5,169 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 20% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 19% |
| Brokered / Other | 28% |