Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.18 | 1.12% |
| Return on Equity (%) | ▲ | 10.48% | +1.31 | 9.17% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.08 | 4.20% |
| Efficiency Ratio (%) | ▲ | 56.08% | -0.95 | 57.03% |
| Pre-Provision Profit ($M) | ▲ | $52 | +4.07 | $48 |
| Cost of Funds (%) | ▲ | 1.43% | -0.14 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,530 | -0.70 | $9,531 |
| Gross Loans ($M) | ▲ | $6,824 | +219.51 | $6,605 |
| Loan Growth YoY (%) | ▲ | 89.85% | +4.87 | 84.99% |
| Total Deposits ($M) | ▼ | $7,508 | -175.60 | $7,684 |
| Shareholders Equity ($M) | ▲ | $1,211 | +54.26 | $1,157 |
| Tang. Book Value ($M) | ▲ | $821 | +62.08 | $759 |
| TBV excl. AOCI ($M)** | ▲ | $909 | +51.66 | $857 |
| Loan / Deposit Ratio (%) | ▲ | 89.85% | +4.87 | 84.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.06 | 0.49% |
| Allowance / Loans (%) | — | 1.14% | 0.01% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.01 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.30% | +0.30 | 12.00% |
Noninterest income ($29.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▁▃▄▁▅ | Net Interest Margin (%) | 4.33% | 4.32% | 4.19% | 4.20% | 4.24% | 4.25% | 4.21% | 4.28% |
| ██▃▁▂▄▅▅ | Return on Assets (%) | 1.46% | 1.42% | 1.22% | 1.12% | 1.20% | 1.27% | 1.32% | 1.31% |
| ▁▃██▆▅▅▅ | Efficiency Ratio (%) | 54.7% | 55.5% | 57.3% | 57.0% | 56.4% | 56.3% | 56.1% | 56.1% |
| █▆▄▃▄▃▁▁ | Cost of Funds (%) | 1.91% | 1.75% | 1.64% | 1.57% | 1.67% | 1.60% | 1.47% | 1.43% |
| █▃▂▂▂▁▁▁ | NPA / Assets (%) | 0.76% | 0.53% | 0.50% | 0.49% | 0.47% | 0.44% | 0.41% | 0.43% |
| █▂▁▁▁▂▁▁ | Net Charge-Off Ratio (%) | 0.99% | 0.67% | 0.62% | 0.61% | 0.58% | 0.63% | 0.58% | 0.60% |
| ▁▁▃▄▆▆▇█ | Tang. Book Value ($M) | $731 | $718 | $746 | $759 | $790 | $791 | $801 | $821 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $6,275 | $6,360 | $6,431 | $6,605 | $6,732 | $6,760 | $6,774 | $6,824 |
| ▁▃▆▄█▆▅▁ | Total Deposits ($M) | $7,521 | $7,642 | $7,775 | $7,684 | $7,877 | $7,750 | $7,698 | $7,508 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 28% |
| Consumer | 12% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |