Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.19 | 1.50% |
| Return on Equity (%) | ▲ | 14.99% | +1.10 | 13.89% |
| Net Interest Margin (%) | ▼ | 3.99% | -0.13 | 4.12% |
| Efficiency Ratio (%) | ▲ | 52.48% | -2.98 | 55.45% |
| Pre-Provision Profit ($M) | ▲ | $28 | +1.39 | $27 |
| Cost of Funds (%) | ▲ | 1.67% | -0.12 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,612 | +223.87 | $5,388 |
| Gross Loans ($M) | ▲ | $4,117 | +180.09 | $3,937 |
| Loan Growth YoY (%) | ▲ | 88.02% | +2.22 | 85.79% |
| Total Deposits ($M) | ▲ | $4,624 | +91.50 | $4,533 |
| Shareholders Equity ($M) | ▲ | $625 | +23.16 | $602 |
| Tang. Book Value ($M) | ▲ | $518 | +32.59 | $486 |
| TBV excl. AOCI ($M)** | ▲ | $566 | +35.78 | $530 |
| Loan / Deposit Ratio (%) | ▲ | 88.02% | +2.22 | 85.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.02 | 0.44% |
| Allowance / Loans (%) | — | 1.13% | -0.08% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.01 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 12.11% | 0.00 | 12.11% |
Noninterest income ($14.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▃▄▆▅▁▂ | Net Interest Margin (%) | 4.20% | 4.29% | 4.07% | 4.12% | 4.16% | 4.14% | 3.95% | 3.99% |
| ▁▂▇▇████ | Return on Assets (%) | 0.54% | 0.74% | 1.44% | 1.50% | 1.58% | 1.60% | 1.67% | 1.69% |
| █▇▃▂▁▁▁▁ | Efficiency Ratio (%) | 72.3% | 69.3% | 56.9% | 55.5% | 53.7% | 53.4% | 51.4% | 52.5% |
| █▇▄▂▃▃▂▁ | Cost of Funds (%) | 2.19% | 2.07% | 1.87% | 1.78% | 1.80% | 1.81% | 1.75% | 1.67% |
| ▇▄▁▁▄▆█▂ | NPA / Assets (%) | 0.54% | 0.49% | 0.43% | 0.44% | 0.49% | 0.52% | 0.57% | 0.46% |
| ▅▂▁▁▄▇█▁ | Net Charge-Off Ratio (%) | 0.68% | 0.63% | 0.60% | 0.60% | 0.67% | 0.72% | 0.75% | 0.60% |
| ▁▁▃▄▄▇██ | Tang. Book Value ($M) | $449 | $450 | $469 | $486 | $487 | $512 | $528 | $518 |
| ▄▂▁▂▄▅▇█ | Gross Loans ($M) | $3,985 | $3,938 | $3,881 | $3,937 | $3,986 | $4,027 | $4,065 | $4,117 |
| █▇▇▁▁▁▆▆ | Total Deposits ($M) | $4,667 | $4,640 | $4,650 | $4,533 | $4,542 | $4,534 | $4,631 | $4,624 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |