Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.96% | -0.05 | 1.01% |
| Return on Equity (%) | ▼ | 8.61% | -0.41 | 9.02% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.58 | 3.52% |
| Efficiency Ratio (%) | ▲ | 57.94% | -8.53 | 66.47% |
| Pre-Provision Profit ($M) | ▲ | $16 | +5.74 | $10 |
| Cost of Funds (%) | ▲ | 1.48% | -0.21 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,143 | +544.86 | $2,598 |
| Gross Loans ($M) | ▲ | $2,354 | +430.62 | $1,923 |
| Loan Growth YoY (%) | ▼ | 88.92% | -0.45 | 89.37% |
| Total Deposits ($M) | ▲ | $2,611 | +482.88 | $2,128 |
| Shareholders Equity ($M) | ▲ | $356 | +59.89 | $296 |
| Tang. Book Value ($M) | ▲ | $279 | +39.97 | $239 |
| TBV excl. AOCI ($M)** | ▲ | $303 | +44.68 | $258 |
| Loan / Deposit Ratio (%) | ▼ | 88.92% | -0.45 | 89.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.28% | +0.29 | 0.99% |
| Allowance / Loans (%) | — | 1.38% | 0.26% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.70% | +0.39 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.85% | -1.20 | 14.05% |
Noninterest income ($9.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅██ | Net Interest Margin (%) | 3.40% | 3.43% | 3.42% | 3.52% | 3.59% | 3.75% | 4.02% | 4.10% |
| █████▇▁█ | Return on Assets (%) | 0.98% | 1.06% | 1.02% | 1.01% | 1.02% | 0.92% | 0.08% | 0.96% |
| ▇▇█▆▆█▁▁ | Efficiency Ratio (%) | 67.7% | 66.8% | 68.8% | 66.5% | 65.6% | 69.4% | 58.8% | 57.9% |
| ██▅▄▄▃▁▁ | Cost of Funds (%) | 1.90% | 1.93% | 1.75% | 1.69% | 1.67% | 1.61% | 1.50% | 1.48% |
| ▁▁▁▂▂▃█▇ | NPA / Assets (%) | 0.93% | 0.93% | 0.94% | 0.99% | 1.03% | 1.06% | 1.34% | 1.28% |
| ▁▁▁▁▂▃██ | Net Charge-Off Ratio (%) | 1.29% | 1.26% | 1.27% | 1.31% | 1.38% | 1.40% | 1.76% | 1.70% |
| ▁▁▁▂▃▇▇█ | Tang. Book Value ($M) | $230 | $228 | $234 | $239 | $246 | $272 | $267 | $279 |
| ▁▁▁▁▁███ | Gross Loans ($M) | $1,896 | $1,898 | $1,900 | $1,923 | $1,947 | $2,356 | $2,389 | $2,354 |
| ▁▁▁▁▂███ | Total Deposits ($M) | $2,152 | $2,112 | $2,121 | $2,128 | $2,184 | $2,585 | $2,621 | $2,611 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |