Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.31 | 0.79% |
| Return on Equity (%) | ▲ | 11.47% | +2.86 | 8.61% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.34 | 3.11% |
| Efficiency Ratio (%) | ▲ | 60.50% | -4.36 | 64.86% |
| Pre-Provision Profit ($M) | ▲ | $17 | +2.35 | $15 |
| Cost of Funds (%) | ▲ | 1.57% | -0.14 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,457 | +51.21 | $4,406 |
| Gross Loans ($M) | ▲ | $3,497 | +71.79 | $3,425 |
| Loan Growth YoY (%) | ▲ | 94.14% | +7.86 | 86.28% |
| Total Deposits ($M) | ▼ | $3,676 | -253.75 | $3,930 |
| Shareholders Equity ($M) | ▲ | $423 | +14.78 | $408 |
| Tang. Book Value ($M) | ▲ | $398 | +15.03 | $383 |
| TBV excl. AOCI ($M)** | ▲ | $426 | +17.30 | $409 |
| Loan / Deposit Ratio (%) | ▲ | 94.14% | +7.86 | 86.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.04 | 0.14% |
| Allowance / Loans (%) | — | 1.03% | 0.04% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.06 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.71% | -0.17 | 12.88% |
Noninterest income ($8.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.71% | 2.67% | 3.06% | 3.11% | 3.15% | 3.21% | 3.45% | 3.45% |
| ▃▂▁▃▅▆█▇ | Return on Assets (%) | 0.75% | 0.68% | 0.58% | 0.79% | 0.91% | 1.00% | 1.22% | 1.11% |
| █▆▅▄▃▂▁▁ | Efficiency Ratio (%) | 71.9% | 68.1% | 66.5% | 64.9% | 62.9% | 61.8% | 59.8% | 60.5% |
| ▂█▁▁▁▁▁▁ | Cost of Funds (%) | 1.86% | 3.25% | 1.70% | 1.71% | 1.69% | 1.75% | 1.55% | 1.57% |
| █▇▆▁▁▂▁▂ | NPA / Assets (%) | 0.57% | 0.49% | 0.43% | 0.14% | 0.14% | 0.19% | 0.10% | 0.19% |
| █▆▅▁▁▂▁▂ | Net Charge-Off Ratio (%) | 0.85% | 0.61% | 0.56% | 0.18% | 0.18% | 0.24% | 0.13% | 0.24% |
| ▁▆▇▇▇███ | Tang. Book Value ($M) | $268 | $375 | $379 | $383 | $390 | $404 | $412 | $398 |
| ▁███████ | Gross Loans ($M) | $2,366 | $3,395 | $3,417 | $3,425 | $3,442 | $3,453 | $3,439 | $3,497 |
| ▁▆▇▇█▇█▅ | Total Deposits ($M) | $3,118 | $3,828 | $3,968 | $3,930 | $4,100 | $3,940 | $4,015 | $3,676 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 4% |
| Consumer | 31% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |