Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.43% | -0.17 | 0.60% |
| Return on Equity (%) | ▼ | 4.83% | -2.05 | 6.88% |
| Net Interest Margin (%) | ▼ | 2.76% | -0.07 | 2.83% |
| Efficiency Ratio (%) | ▼ | 69.35% | +4.63 | 64.72% |
| Pre-Provision Profit ($M) | ▼ | $10 | -2.16 | $13 |
| Cost of Funds (%) | ▲ | 2.12% | -0.08 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,623 | +288.14 | $4,335 |
| Gross Loans ($M) | ▲ | $3,522 | +106.31 | $3,416 |
| Loan Growth YoY (%) | ▲ | 99.66% | +1.04 | 98.62% |
| Total Deposits ($M) | ▲ | $3,512 | +66.35 | $3,446 |
| Shareholders Equity ($M) | ▲ | $409 | +24.83 | $385 |
| Tang. Book Value ($M) | ▲ | $401 | +28.55 | $372 |
| TBV excl. AOCI ($M)** | ▲ | $435 | +36.42 | $399 |
| Loan / Deposit Ratio (%) | ▲ | 99.66% | +1.04 | 98.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.17 | 0.29% |
| Allowance / Loans (%) | — | 0.61% | 0.10% | 0.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.24 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.39% | +0.53 | 11.85% |
Noninterest income ($5.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇██▆▅▆ | Net Interest Margin (%) | 2.58% | 2.61% | 2.79% | 2.83% | 2.84% | 2.77% | 2.72% | 2.76% |
| ▆▆▄██▆▁▁ | Return on Assets (%) | 0.55% | 0.53% | 0.49% | 0.60% | 0.59% | 0.55% | 0.41% | 0.43% |
| ▁▁▄▂▃▇█▇ | Efficiency Ratio (%) | 63.2% | 63.4% | 66.8% | 64.7% | 66.0% | 69.3% | 70.8% | 69.4% |
| █▆▃▃▃▃▁▁ | Cost of Funds (%) | 2.59% | 2.42% | 2.22% | 2.21% | 2.25% | 2.21% | 2.06% | 2.12% |
| ▂▂▁▃█▇▇▆ | NPA / Assets (%) | 0.25% | 0.27% | 0.17% | 0.29% | 0.62% | 0.52% | 0.53% | 0.47% |
| ▁▂▁▃█▇▇▆ | Net Charge-Off Ratio (%) | 0.21% | 0.30% | 0.17% | 0.33% | 0.74% | 0.63% | 0.64% | 0.57% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $348 | $350 | $363 | $372 | $382 | $389 | $394 | $401 |
| ▁▂▂▃▅▇█▇ | Gross Loans ($M) | $3,361 | $3,394 | $3,409 | $3,416 | $3,459 | $3,510 | $3,556 | $3,522 |
| █▁▃▃▅▇▃▅ | Total Deposits ($M) | $3,655 | $3,364 | $3,473 | $3,446 | $3,521 | $3,614 | $3,469 | $3,512 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 9% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |