Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.87 | 0.15% |
| Return on Equity (%) | ▲ | 9.10% | +7.73 | 1.37% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.41 | 3.20% |
| Efficiency Ratio (%) | ▲ | 68.02% | -12.20 | 80.22% |
| Pre-Provision Profit ($M) | ▲ | $19 | +13.68 | $6 |
| Cost of Funds (%) | ▲ | 1.93% | -0.24 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,337 | +502.45 | $3,834 |
| Gross Loans ($M) | ▲ | $3,698 | +441.34 | $3,257 |
| Loan Growth YoY (%) | ▲ | 105.67% | +10.11 | 95.56% |
| Total Deposits ($M) | ▲ | $3,456 | +96.09 | $3,360 |
| Shareholders Equity ($M) | ▲ | $478 | +58.76 | $419 |
| Tang. Book Value ($M) | ▲ | $385 | +58.79 | $326 |
| TBV excl. AOCI ($M)** | ▲ | $393 | +54.98 | $338 |
| Loan / Deposit Ratio (%) | ▲ | 105.67% | +10.11 | 95.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.56% | -0.48 | 2.04% |
| Allowance / Loans (%) | — | 1.24% | -0.17% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 1.83% | -0.57 | 2.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.63% | +0.26 | 10.37% |
Noninterest income ($21.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▂▄▅██ | Net Interest Margin (%) | 3.08% | 3.12% | 3.33% | 3.20% | 3.28% | 3.37% | 3.58% | 3.61% |
| ▄▁▅▃▄█▇█ | Return on Assets (%) | 0.45% | -0.20% | 0.55% | 0.15% | 0.38% | 1.13% | 0.95% | 1.02% |
| ▄▆▇██▁▅▃ | Efficiency Ratio (%) | 70.2% | 73.3% | 76.5% | 80.2% | 78.6% | 60.8% | 70.6% | 68.0% |
| █▇▃▃▃▂▁▁ | Cost of Funds (%) | 2.72% | 2.56% | 2.15% | 2.17% | 2.12% | 2.01% | 1.85% | 1.93% |
| ▁▁▁▇███▅ | NPA / Assets (%) | 0.40% | 0.45% | 0.40% | 2.04% | 2.20% | 2.15% | 2.36% | 1.56% |
| ▁▁▁▇███▅ | Net Charge-Off Ratio (%) | 0.47% | 0.53% | 0.47% | 2.40% | 2.55% | 2.51% | 2.77% | 1.83% |
| ▆▁▂▂▃▇██ | Tang. Book Value ($M) | $362 | $317 | $326 | $326 | $335 | $375 | $379 | $385 |
| ▅▁▁▂▄▅▇█ | Gross Loans ($M) | $3,431 | $3,134 | $3,117 | $3,257 | $3,402 | $3,449 | $3,619 | $3,698 |
| ▅▁▁▆▆███ | Total Deposits ($M) | $3,333 | $3,212 | $3,191 | $3,360 | $3,371 | $3,431 | $3,431 | $3,456 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 16% |
| Consumer | 7% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 3% |