Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.94 | 0.30% |
| Return on Equity (%) | ▲ | 5.42% | +4.86 | 0.56% |
| Net Interest Margin (%) | ▼ | 2.96% | -1.46 | 4.41% |
| Efficiency Ratio (%) | ▲ | 41.99% | -45.14 | 87.13% |
| Pre-Provision Profit ($M) | ▲ | $4 | +3.31 | $0 |
| Cost of Funds (%) | ▼ | 2.69% | +1.25 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $912 | +701.30 | $211 |
| Gross Loans ($M) | ▲ | $577 | +458.94 | $118 |
| Loan Growth YoY (%) | ▼ | 85.44% | -30.74 | 116.18% |
| Total Deposits ($M) | ▲ | $676 | +574.16 | $102 |
| Shareholders Equity ($M) | ▲ | $188 | +88.61 | $99 |
| Tang. Book Value ($M) | ▲ | $188 | +88.61 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $201 | +97.31 | $103 |
| Loan / Deposit Ratio (%) | ▼ | 85.44% | -30.74 | 116.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.01 | 0.06% |
| Allowance / Loans (%) | — | 0.00% | -0.31% | 0.31% |
| Net Charge-Off Ratio (%) | — | 0.10% | 0.00 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 30.43% | -50.65 | 81.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃███▇▅▅ | Net Interest Margin (%) | 0.73% | 1.92% | 4.20% | 4.41% | 4.60% | 3.75% | 2.90% | 2.96% |
| ▃▃▁▃▆▇██ | Return on Assets (%) | 0.38% | 0.33% | -0.03% | 0.30% | 0.78% | 1.02% | 1.16% | 1.23% |
| ▁▇█▇▆▄▃▂ | Efficiency Ratio (%) | 24.8% | 86.1% | 96.4% | 87.1% | 73.2% | 59.0% | 43.3% | 42.0% |
| ▁▅▅▆▅▆██ | Cost of Funds (%) | -1.36% | 1.08% | 1.06% | 1.44% | 1.18% | 1.65% | 2.65% | 2.69% |
| ▄█▄▆▁▁▁▇ | NPA / Assets (%) | 0.04% | 0.08% | 0.04% | 0.06% | 0.02% | 0.01% | 0.01% | 0.07% |
| ▃█▂▃▁▁▁▃ | Net Charge-Off Ratio (%) | 0.12% | 0.32% | 0.07% | 0.10% | 0.04% | 0.03% | 0.02% | 0.10% |
| ▁▁▁▁████ | Tang. Book Value ($M) | $97 | $98 | $99 | $99 | $181 | $183 | $185 | $188 |
| ▁▁▁▂▂▆▇█ | Gross Loans ($M) | $54 | $45 | $89 | $118 | $163 | $388 | $473 | $577 |
| ▁▁▁▁▁▇▇█ | Total Deposits ($M) | $63 | $65 | $54 | $102 | $102 | $532 | $557 | $676 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 100% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 100% |