Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.21 | 0.91% |
| Return on Equity (%) | ▲ | 10.34% | +1.17 | 9.17% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.29 | 3.27% |
| Efficiency Ratio (%) | ▲ | 57.61% | -7.00 | 64.61% |
| Pre-Provision Profit ($M) | ▲ | $24 | +6.35 | $18 |
| Cost of Funds (%) | ▲ | 1.84% | -0.22 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,107 | +620.91 | $5,487 |
| Gross Loans ($M) | ▲ | $4,693 | +563.02 | $4,130 |
| Loan Growth YoY (%) | ▲ | 86.16% | +2.29 | 83.87% |
| Total Deposits ($M) | ▲ | $5,394 | +517.68 | $4,876 |
| Shareholders Equity ($M) | ▲ | $658 | +105.37 | $552 |
| Tang. Book Value ($M) | ▲ | $563 | +114.55 | $449 |
| TBV excl. AOCI ($M)** | ▲ | $597 | +117.21 | $480 |
| Loan / Deposit Ratio (%) | ▲ | 86.16% | +2.29 | 83.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.04 | 0.15% |
| Allowance / Loans (%) | — | 0.96% | 0.00% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.05 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.38% | +0.97 | 10.41% |
Noninterest income ($7.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 3.07% | 3.13% | 3.21% | 3.27% | 3.30% | 3.36% | 3.52% | 3.56% |
| ▁▁▃▃▅▅▇█ | Return on Assets (%) | 0.80% | 0.80% | 0.90% | 0.91% | 0.97% | 1.00% | 1.04% | 1.12% |
| ██▇▆▄▃▁▁ | Efficiency Ratio (%) | 67.4% | 67.0% | 66.0% | 64.6% | 62.2% | 60.9% | 57.8% | 57.6% |
| █▅▄▅▆▃▁▁ | Cost of Funds (%) | 2.28% | 2.08% | 2.02% | 2.06% | 2.11% | 1.96% | 1.80% | 1.84% |
| ▇▁▁▁▄▃█▆ | NPA / Assets (%) | 0.20% | 0.15% | 0.15% | 0.15% | 0.17% | 0.16% | 0.21% | 0.19% |
| ▇▁▁▁▅▃█▆ | Net Charge-Off Ratio (%) | 0.25% | 0.20% | 0.20% | 0.19% | 0.24% | 0.22% | 0.27% | 0.24% |
| ▁▁▁▂▆▇██ | Tang. Book Value ($M) | $418 | $418 | $433 | $449 | $519 | $536 | $550 | $563 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $3,723 | $3,912 | $3,996 | $4,130 | $4,232 | $4,374 | $4,526 | $4,693 |
| ▁▃▄▅▆▇▇█ | Total Deposits ($M) | $4,329 | $4,691 | $4,815 | $4,876 | $5,105 | $5,162 | $5,201 | $5,394 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |