Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.28 | 1.41% |
| Return on Equity (%) | ▲ | 8.80% | +0.72 | 8.08% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.33 | 3.63% |
| Efficiency Ratio (%) | ▼ | 48.90% | +0.71 | 48.19% |
| Pre-Provision Profit ($M) | ▲ | $16 | +0.87 | $15 |
| Cost of Funds (%) | ▲ | 1.33% | -0.33 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,891 | +3.45 | $2,887 |
| Gross Loans ($M) | ▲ | $1,699 | +17.84 | $1,682 |
| Loan Growth YoY (%) | ▲ | 73.05% | +2.83 | 70.22% |
| Total Deposits ($M) | ▼ | $2,257 | -68.49 | $2,326 |
| Shareholders Equity ($M) | ▲ | $571 | +49.73 | $522 |
| Tang. Book Value ($M) | ▲ | $570 | +50.27 | $519 |
| TBV excl. AOCI ($M)** | ▲ | $623 | +51.16 | $572 |
| Loan / Deposit Ratio (%) | ▲ | 73.05% | +2.83 | 70.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -1.32 | 1.53% |
| Allowance / Loans (%) | — | 2.98% | 0.09% | 2.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -2.27 | 2.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▂▄▆▇█ | Net Interest Margin (%) | 3.62% | 3.63% | 3.56% | 3.63% | 3.73% | 3.83% | 3.89% | 3.96% |
| ▁▁▄▄▆▆██ | Return on Assets (%) | 1.16% | 1.21% | 1.39% | 1.41% | 1.50% | 1.50% | 1.68% | 1.69% |
| ▇█▇▆▅▁▇█ | Efficiency Ratio (%) | 48.4% | 48.9% | 48.6% | 48.2% | 47.7% | 46.4% | 48.5% | 48.9% |
| █▇▆▆▅▃▁▁ | Cost of Funds (%) | 1.79% | 1.68% | 1.62% | 1.66% | 1.60% | 1.50% | 1.35% | 1.33% |
| █▇▇▇▅▅▂▁ | NPA / Assets (%) | 1.91% | 1.60% | 1.59% | 1.53% | 1.25% | 1.13% | 0.58% | 0.22% |
| █▇▇▇▅▅▂▁ | Net Charge-Off Ratio (%) | 3.33% | 2.83% | 2.82% | 2.64% | 2.15% | 1.93% | 1.02% | 0.37% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $491 | $485 | $503 | $519 | $539 | $552 | $553 | $570 |
| ▂▁▅▆▆█▄▇ | Gross Loans ($M) | $1,644 | $1,622 | $1,670 | $1,682 | $1,688 | $1,714 | $1,662 | $1,699 |
| ▄▅█▅▄▃▄▁ | Total Deposits ($M) | $2,323 | $2,326 | $2,393 | $2,326 | $2,321 | $2,302 | $2,317 | $2,257 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 3% |