Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.34% | -0.24 | 2.58% |
| Return on Equity (%) | ▼ | 21.06% | -2.01 | 23.07% |
| Net Interest Margin (%) | ▼ | 6.06% | -0.12 | 6.17% |
| Efficiency Ratio (%) | ▼ | 45.33% | +0.78 | 44.56% |
| Pre-Provision Profit ($M) | ▲ | $23 | +3.23 | $20 |
| Cost of Funds (%) | ▼ | 0.89% | +0.05 | 0.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,495 | +455.22 | $2,040 |
| Gross Loans ($M) | ▲ | $1,901 | +411.17 | $1,490 |
| Loan Growth YoY (%) | ▲ | 85.35% | +3.48 | 81.87% |
| Total Deposits ($M) | ▲ | $2,199 | +402.18 | $1,797 |
| Shareholders Equity ($M) | ▲ | $279 | +48.40 | $230 |
| Tang. Book Value ($M) | ▲ | $279 | +48.40 | $230 |
| TBV excl. AOCI ($M)** | ▲ | $293 | +47.12 | $246 |
| Loan / Deposit Ratio (%) | ▲ | 85.35% | +3.48 | 81.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.22 | 0.43% |
| Allowance / Loans (%) | — | 1.30% | 0.00% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.32 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.24% | -0.65 | 14.89% |
Noninterest income ($6.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▄▇██▁▃ | Net Interest Margin (%) | 6.08% | 6.10% | 6.10% | 6.17% | 6.21% | 6.19% | 6.00% | 6.06% |
| ██▆▅▇▇▁▁ | Return on Assets (%) | 2.74% | 2.75% | 2.62% | 2.58% | 2.69% | 2.66% | 2.33% | 2.34% |
| █▃█▂▁▁██ | Efficiency Ratio (%) | 45.3% | 44.7% | 45.4% | 44.6% | 44.5% | 44.4% | 45.3% | 45.3% |
| ▁▅▄▆█▆▆█ | Cost of Funds (%) | 0.74% | 0.83% | 0.81% | 0.84% | 0.89% | 0.85% | 0.84% | 0.89% |
| ██▆▆▅▅▁▃ | NPA / Assets (%) | 0.62% | 0.58% | 0.41% | 0.43% | 0.40% | 0.37% | 0.03% | 0.21% |
| ██▆▆▆▅▁▃ | Net Charge-Off Ratio (%) | 0.85% | 0.79% | 0.57% | 0.59% | 0.56% | 0.49% | 0.04% | 0.27% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $205 | $204 | $219 | $230 | $244 | $258 | $267 | $279 |
| ▁▂▂▃▄▇▇█ | Gross Loans ($M) | $1,297 | $1,393 | $1,411 | $1,490 | $1,544 | $1,754 | $1,814 | $1,901 |
| ▁▂▂▄▅▇██ | Total Deposits ($M) | $1,547 | $1,655 | $1,700 | $1,797 | $1,896 | $2,075 | $2,121 | $2,199 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 28% |
| C&I / Commercial | 70% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 74% |