Tacoma, WA · Cert 58446 · Commencement Bcorp Inc.
State charter, Fed member · FED · 6 branches
Q2 2026
Market Position · Seattle-Tacoma-Bellevue, WA · 2026 SOD (annual) · 0.3% share · #23 of 43 inst. · $0.5B of $143.1B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.55% | 0.49% | 0.82% | 0.85% | 0.94% | 1.01% | 0.96% | 0.99% | +14 bps | |
| Return on Equity | 6.64% | 5.96% | 10.17% | 10.63% | 11.55% | 12.17% | 10.96% | 11.14% | +51 bps | |
| Net Interest Margin | 2.97% | 3.00% | 3.56% | 3.54% | 3.53% | 3.57% | 3.80% | 3.83% | +28 bps | |
| Efficiency Ratio | 83.32% | 80.56% | 71.52% | 69.25% | 67.53% | 66.16% | 69.81% | 68.49% | -75 bps | |
| Non-Interest Burden | 2.43% | 2.37% | 2.48% | 2.36% | 2.30% | 2.26% | 2.58% | 2.54% | +18 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.36% | 10.86% | 9.07% | 14.20% | 7.84% | 5.15% | 8.30% | 8.53% | -567 bps | |
| Loan Growth (YoY) | 6.56% | 5.47% | 6.09% | 10.24% | 9.97% | 12.20% | 13.86% | 8.72% | -153 bps | |
| Deposit Growth (YoY) | 12.22% | 11.45% | 8.17% | 12.05% | 6.63% | 3.09% | 7.59% | 10.04% | -201 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.01% | 0.00% | 0.02% | 0.00% | 0.00% | 0.25% | 0.09% | 0.09% | +9 bps | |
| Net Charge-Offs / Loans | -0.10% | -0.09% | -0.03% | -0.05% | -0.03% | 0.02% | 0.09% | 0.05% | +9 bps | |
| Allowance / Loans | 1.19% | 1.20% | 1.21% | 1.20% | 1.23% | 1.20% | 1.18% | 1.18% | -2 bps | |
| Allowance Coverage of NPLs | 184.8x | n/a | 56.7x | n/a | n/a | 4.9x | 13.0x | 13.4x | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.79% | 9.49% | 9.69% | 9.56% | 9.30% | 9.45% | 9.69% | 10.30% | +75 bps | |
| Total Risk-Based Capital | 13.33% | 13.70% | 13.50% | 12.84% | 13.23% | 13.34% | 13.56% | 14.15% | +132 bps | |
| Equity / Assets | 8.32% | 7.87% | 8.27% | 7.96% | 8.50% | 8.78% | 8.79% | 9.08% | +112 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.96% | 78.93% | 81.79% | 85.33% | 84.53% | 85.91% | 86.56% | 84.31% | -102 bps | |
| Liquid Assets / Assets | 4.29% | 7.35% | 3.42% | 2.91% | 3.63% | 1.72% | 2.27% | 3.49% | +58 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 469% | 455% | 447% | n/a | n/a | |