Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.01 | 1.51% |
| Return on Equity (%) | ▼ | 12.85% | -0.64 | 13.49% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.04 | 4.29% |
| Efficiency Ratio (%) | ▲ | 64.75% | -0.11 | 64.87% |
| Pre-Provision Profit ($M) | ▲ | $23 | +1.00 | $22 |
| Cost of Funds (%) | ▲ | 0.66% | -0.04 | 0.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,447 | +55.12 | $4,392 |
| Gross Loans ($M) | ▼ | $2,534 | -116.52 | $2,651 |
| Loan Growth YoY (%) | ▼ | 65.58% | -3.56 | 69.14% |
| Total Deposits ($M) | ▲ | $3,817 | +26.34 | $3,791 |
| Shareholders Equity ($M) | ▲ | $527 | +25.63 | $502 |
| Tang. Book Value ($M) | ▲ | $437 | +25.60 | $412 |
| TBV excl. AOCI ($M)** | ▲ | $495 | +33.70 | $461 |
| Loan / Deposit Ratio (%) | ▼ | 65.58% | -3.56 | 69.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.15 | 0.15% |
| Allowance / Loans (%) | — | 1.22% | 0.10% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.15 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.18% | +2.09 | 16.08% |
Noninterest income ($20.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆██▆█ | Net Interest Margin (%) | 4.13% | 4.16% | 4.21% | 4.29% | 4.34% | 4.35% | 4.27% | 4.33% |
| ▁▁█▇▆▅▇▇ | Return on Assets (%) | 1.33% | 1.35% | 1.55% | 1.51% | 1.49% | 1.46% | 1.50% | 1.52% |
| █▇▁▁▁▂▁▁ | Efficiency Ratio (%) | 68.6% | 67.9% | 64.5% | 64.9% | 64.9% | 65.2% | 64.8% | 64.8% |
| █▅▂▃▂▄▃▁ | Cost of Funds (%) | 0.81% | 0.75% | 0.69% | 0.71% | 0.69% | 0.72% | 0.70% | 0.66% |
| ▃▃▁▂▆▆██ | NPA / Assets (%) | 0.17% | 0.15% | 0.10% | 0.15% | 0.23% | 0.24% | 0.29% | 0.30% |
| ▃▃▁▃▅▆█▇ | Net Charge-Off Ratio (%) | 0.24% | 0.24% | 0.16% | 0.24% | 0.31% | 0.33% | 0.44% | 0.40% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $377 | $391 | $403 | $412 | $421 | $428 | $432 | $437 |
| █▇▇▆▄▂▁▁ | Gross Loans ($M) | $2,714 | $2,680 | $2,682 | $2,651 | $2,606 | $2,568 | $2,543 | $2,534 |
| ▁▄█▅▂▄▇▆ | Total Deposits ($M) | $3,660 | $3,751 | $3,871 | $3,791 | $3,711 | $3,756 | $3,838 | $3,817 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 1% |