Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.32 | 0.78% |
| Return on Equity (%) | ▲ | 13.33% | +3.47 | 9.86% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.48 | 3.57% |
| Efficiency Ratio (%) | ▲ | 65.07% | -6.17 | 71.24% |
| Pre-Provision Profit ($M) | ▲ | $21 | +6.08 | $15 |
| Cost of Funds (%) | ▲ | 1.57% | -0.09 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,089 | +311.97 | $4,777 |
| Gross Loans ($M) | ▲ | $3,505 | +285.30 | $3,220 |
| Loan Growth YoY (%) | ▲ | 74.98% | +1.74 | 73.24% |
| Total Deposits ($M) | ▲ | $4,621 | +270.62 | $4,350 |
| Shareholders Equity ($M) | ▲ | $430 | +40.97 | $389 |
| Tang. Book Value ($M) | ▲ | $413 | +40.97 | $372 |
| TBV excl. AOCI ($M)** | ▲ | $460 | +38.63 | $421 |
| Loan / Deposit Ratio (%) | ▲ | 74.98% | +1.74 | 73.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.09 | 0.36% |
| Allowance / Loans (%) | — | 1.14% | 0.10% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.09 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.15% | -0.14 | 13.28% |
Noninterest income ($8.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 2.74% | 2.85% | 3.41% | 3.57% | 3.66% | 3.73% | 3.91% | 4.05% |
| ▁▁▃▄▅▆▇█ | Return on Assets (%) | 0.50% | 0.55% | 0.70% | 0.78% | 0.84% | 0.89% | 1.02% | 1.11% |
| ██▅▄▃▃▁▁ | Efficiency Ratio (%) | 79.6% | 78.3% | 72.8% | 71.2% | 70.0% | 68.8% | 66.4% | 65.1% |
| █▇▂▂▂▂▁▁ | Cost of Funds (%) | 2.02% | 1.95% | 1.67% | 1.66% | 1.65% | 1.67% | 1.58% | 1.57% |
| █▆██▄▁▁▂ | NPA / Assets (%) | 0.35% | 0.33% | 0.36% | 0.36% | 0.31% | 0.26% | 0.26% | 0.27% |
| █▅▇▆▃▁▁▂ | Net Charge-Off Ratio (%) | 0.40% | 0.32% | 0.37% | 0.34% | 0.27% | 0.20% | 0.23% | 0.25% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $347 | $348 | $361 | $372 | $384 | $397 | $404 | $413 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $3,022 | $3,056 | $3,120 | $3,220 | $3,280 | $3,343 | $3,400 | $3,505 |
| ▁▁▃▂▅▇██ | Total Deposits ($M) | $4,269 | $4,269 | $4,385 | $4,350 | $4,511 | $4,566 | $4,658 | $4,621 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 9% |