Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.16 | 1.11% |
| Return on Equity (%) | ▲ | 14.71% | +1.12 | 13.59% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.32 | 3.22% |
| Efficiency Ratio (%) | ▲ | 59.17% | -0.59 | 59.76% |
| Pre-Provision Profit ($M) | ▲ | $24 | +1.84 | $23 |
| Cost of Funds (%) | ▲ | 1.88% | -0.13 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,406 | +227.02 | $5,179 |
| Gross Loans ($M) | ▲ | $4,088 | +187.68 | $3,900 |
| Loan Growth YoY (%) | ▼ | 88.88% | -3.65 | 92.53% |
| Total Deposits ($M) | ▲ | $4,556 | +380.83 | $4,175 |
| Shareholders Equity ($M) | ▲ | $480 | +47.87 | $432 |
| Tang. Book Value ($M) | ▲ | $469 | +48.10 | $421 |
| TBV excl. AOCI ($M)** | ▲ | $519 | +52.10 | $467 |
| Loan / Deposit Ratio (%) | ▼ | 88.88% | -3.65 | 92.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.63% | -0.14 | 0.77% |
| Allowance / Loans (%) | — | 0.94% | -0.00% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.83% | -0.18 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.34% | +0.63 | 11.71% |
Noninterest income ($14.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.88% | 2.95% | 3.17% | 3.22% | 3.28% | 3.33% | 3.50% | 3.53% |
| ▁▁▅▄▅▅█▇ | Return on Assets (%) | 0.91% | 0.94% | 1.13% | 1.11% | 1.17% | 1.15% | 1.34% | 1.27% |
| █▇▄▂▂▃▁▂ | Efficiency Ratio (%) | 65.0% | 64.0% | 61.0% | 59.8% | 59.5% | 60.3% | 58.3% | 59.2% |
| █▅▂▄▄▃▁▁ | Cost of Funds (%) | 2.21% | 2.07% | 1.93% | 2.01% | 2.02% | 1.96% | 1.86% | 1.88% |
| ██▆▆█▄▁▁ | NPA / Assets (%) | 0.80% | 0.82% | 0.76% | 0.77% | 0.81% | 0.70% | 0.65% | 0.63% |
| ▇█▇▆█▄▂▁ | Net Charge-Off Ratio (%) | 1.04% | 1.08% | 1.03% | 1.01% | 1.08% | 0.93% | 0.88% | 0.83% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $387 | $398 | $404 | $421 | $431 | $447 | $453 | $469 |
| ▁▂▁▄▄▅▆█ | Gross Loans ($M) | $3,758 | $3,810 | $3,798 | $3,900 | $3,889 | $3,926 | $3,979 | $4,088 |
| ▁▃▅▅▅▇██ | Total Deposits ($M) | $3,722 | $4,011 | $4,159 | $4,175 | $4,242 | $4,384 | $4,521 | $4,556 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 11% |
| Consumer | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 24% |