Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.28 | 1.31% |
| Return on Equity (%) | ▲ | 18.15% | +5.16 | 12.99% |
| Net Interest Margin (%) | ▼ | 7.93% | -1.57 | 9.50% |
| Efficiency Ratio (%) | ▲ | 79.02% | -1.48 | 80.51% |
| Pre-Provision Profit ($M) | ▲ | $28 | +17.70 | $10 |
| Cost of Funds (%) | ▼ | 0.86% | +0.09 | 0.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,760 | +1016.50 | $1,744 |
| Gross Loans ($M) | ▲ | $1,137 | +239.21 | $897 |
| Loan Growth YoY (%) | ▼ | 45.05% | -13.17 | 58.22% |
| Total Deposits ($M) | ▲ | $2,465 | +937.22 | $1,528 |
| Shareholders Equity ($M) | ▲ | $244 | +66.71 | $177 |
| Tang. Book Value ($M) | ▲ | $197 | +64.64 | $132 |
| TBV excl. AOCI ($M)** | ▲ | $210 | +69.16 | $141 |
| Loan / Deposit Ratio (%) | ▼ | 45.05% | -13.17 | 58.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +0.42 | 0.92% |
| Allowance / Loans (%) | — | 2.31% | 1.41% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 3.26% | +1.47 | 1.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.33% | -6.43 | 26.76% |
Noninterest income ($94.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▃▄▅▄▁▁ | Net Interest Margin (%) | 11.34% | 10.84% | 9.18% | 9.50% | 9.68% | 9.39% | 8.31% | 7.93% |
| ▆█▁▂▃▂▅▅ | Return on Assets (%) | 1.68% | 1.91% | 1.21% | 1.31% | 1.43% | 1.34% | 1.59% | 1.59% |
| █▂▆▅▄▁▄▁ | Efficiency Ratio (%) | 81.9% | 79.5% | 81.1% | 80.5% | 80.4% | 78.9% | 80.0% | 79.0% |
| █▅▁▅▅▁▃█ | Cost of Funds (%) | 0.89% | 0.77% | 0.60% | 0.77% | 0.78% | 0.63% | 0.68% | 0.86% |
| ▆▂▁▂▁▁▂█ | NPA / Assets (%) | 1.21% | 0.95% | 0.84% | 0.92% | 0.88% | 0.85% | 0.94% | 1.34% |
| ▁▂▁▁▁▂▃█ | Net Charge-Off Ratio (%) | 1.91% | 1.98% | 1.83% | 1.79% | 1.92% | 2.07% | 2.31% | 3.26% |
| ▁▂▂▃▆▇██ | Tang. Book Value ($M) | $107 | $120 | $126 | $132 | $173 | $181 | $188 | $197 |
| ▁▁▂▄▄▇██ | Gross Loans ($M) | $719 | $764 | $807 | $897 | $907 | $1,072 | $1,092 | $1,137 |
| ▁▃▄▄▅███ | Total Deposits ($M) | $949 | $1,387 | $1,536 | $1,528 | $1,711 | $2,331 | $2,386 | $2,465 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 31% |
| C&I / Commercial | 4% |
| Consumer | 63% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 12% |