Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.12% | -0.44 | 0.57% |
| Return on Equity (%) | ▼ | 0.99% | -3.51 | 4.50% |
| Net Interest Margin (%) | ▼ | 5.10% | -0.56 | 5.65% |
| Efficiency Ratio (%) | ▼ | 82.92% | +4.29 | 78.64% |
| Pre-Provision Profit ($M) | ▲ | $18 | +0.65 | $17 |
| Cost of Funds (%) | ▲ | 2.41% | -1.19 | 3.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,528 | +590.98 | $7,937 |
| Gross Loans ($M) | ▲ | $5,949 | +254.00 | $5,695 |
| Loan Growth YoY (%) | ▲ | 87.78% | +3.85 | 83.93% |
| Total Deposits ($M) | ▲ | $6,685 | +36.03 | $6,649 |
| Shareholders Equity ($M) | ▼ | $1,031 | -15.99 | $1,047 |
| Tang. Book Value ($M) | ▼ | $1,025 | -14.21 | $1,040 |
| TBV excl. AOCI ($M)** | ▼ | $1,094 | -9.41 | $1,104 |
| Loan / Deposit Ratio (%) | ▲ | 87.78% | +3.85 | 83.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.59% | +0.38 | 2.20% |
| Allowance / Loans (%) | — | 1.35% | -0.65% | 2.01% |
| Net Charge-Off Ratio (%) | ▲ | 2.79% | -0.28 | 3.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($33.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▇▇▇▁▂ | Net Interest Margin (%) | 5.78% | 5.72% | 5.77% | 5.65% | 5.62% | 5.60% | 4.93% | 5.10% |
| ▃▄█▅▄▂▅▁ | Return on Assets (%) | 0.39% | 0.43% | 0.88% | 0.57% | 0.44% | 0.29% | 0.55% | 0.12% |
| ██▁▄▃▇▄▇ | Efficiency Ratio (%) | 85.2% | 83.8% | 72.9% | 78.6% | 76.9% | 82.8% | 78.9% | 82.9% |
| █▆▅█▃▃▁▂ | Cost of Funds (%) | 3.77% | 3.34% | 3.15% | 3.60% | 2.56% | 2.71% | 2.15% | 2.41% |
| ███▁▁▃▁▁ | NPA / Assets (%) | 8.17% | 8.13% | 7.64% | 2.20% | 2.49% | 3.87% | 2.89% | 2.59% |
| ██▇▁▁▂▁▁ | Net Charge-Off Ratio (%) | 11.68% | 11.40% | 10.40% | 3.07% | 2.63% | 4.82% | 3.45% | 2.79% |
| ▁▃▅▆▇█▅▄ | Tang. Book Value ($M) | $994 | $1,017 | $1,030 | $1,040 | $1,047 | $1,059 | $1,030 | $1,025 |
| ▅▅█▄▄▁▄▆ | Gross Loans ($M) | $5,901 | $5,898 | $6,270 | $5,695 | $5,785 | $5,304 | $5,706 | $5,949 |
| █▁▆▇▆▁██ | Total Deposits ($M) | $6,742 | $6,234 | $6,565 | $6,649 | $6,592 | $6,189 | $6,727 | $6,685 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 23% |
| C&I / Commercial | 2% |
| Consumer | 46% |
| Other | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 37% |
| Brokered / Other | 42% |