Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.09 | 0.99% |
| Return on Equity (%) | ▼ | 11.28% | -0.22 | 11.50% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.10 | 2.92% |
| Efficiency Ratio (%) | ▲ | 58.51% | -1.33 | 59.84% |
| Pre-Provision Profit ($M) | ▲ | $27 | +0.26 | $26 |
| Cost of Funds (%) | ▲ | 2.37% | -0.10 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,832 | +289.74 | $7,543 |
| Gross Loans ($M) | ▲ | $6,024 | +87.16 | $5,937 |
| Loan Growth YoY (%) | ▼ | 88.47% | -15.62 | 104.08% |
| Total Deposits ($M) | ▲ | $6,717 | +1085.73 | $5,631 |
| Shareholders Equity ($M) | ▲ | $743 | +88.66 | $655 |
| Tang. Book Value ($M) | ▲ | $743 | +88.66 | $655 |
| TBV excl. AOCI ($M)** | ▲ | $803 | +93.62 | $710 |
| Loan / Deposit Ratio (%) | ▼ | 88.47% | -15.62 | 104.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.22 | 0.02% |
| Allowance / Loans (%) | — | 1.36% | 0.08% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.28 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.03% | +0.66 | 10.37% |
Noninterest income ($11.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇██ | Net Interest Margin (%) | 2.65% | 2.71% | 2.86% | 2.92% | 2.96% | 3.00% | 3.06% | 3.02% |
| ▁▁▃▅▇███ | Return on Assets (%) | 0.86% | 0.88% | 0.94% | 0.99% | 1.06% | 1.10% | 1.07% | 1.08% |
| █▆▆▄▁▁▁▂ | Efficiency Ratio (%) | 63.5% | 61.9% | 61.5% | 59.8% | 58.1% | 57.4% | 58.0% | 58.5% |
| █▆▃▄▆▃▁▃ | Cost of Funds (%) | 2.74% | 2.61% | 2.42% | 2.47% | 2.61% | 2.37% | 2.23% | 2.37% |
| ▃▂▁▁▁▁▅█ | NPA / Assets (%) | 0.09% | 0.05% | 0.05% | 0.02% | 0.04% | 0.04% | 0.13% | 0.24% |
| ▃▁▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.12% | 0.06% | 0.06% | 0.03% | 0.05% | 0.05% | 0.17% | 0.31% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $623 | $613 | $634 | $655 | $689 | $716 | $718 | $743 |
| ▁▃▅▇▆▆▆█ | Gross Loans ($M) | $5,514 | $5,685 | $5,803 | $5,937 | $5,852 | $5,894 | $5,893 | $6,024 |
| ▁▄▃▃▃▅▄█ | Total Deposits ($M) | $5,269 | $5,814 | $5,721 | $5,631 | $5,730 | $6,061 | $5,850 | $6,717 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 24% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |