Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.51 | 1.34% |
| Return on Equity (%) | ▲ | 16.84% | +4.32 | 12.52% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.66 | 3.07% |
| Efficiency Ratio (%) | ▲ | 41.11% | -7.31 | 48.42% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.00 | $6 |
| Cost of Funds (%) | ▲ | 0.69% | -0.11 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,310 | -6.93 | $1,317 |
| Gross Loans ($M) | ▲ | $573 | +22.25 | $551 |
| Loan Growth YoY (%) | ▲ | 49.21% | +2.33 | 46.87% |
| Total Deposits ($M) | ▼ | $1,160 | -10.56 | $1,170 |
| Shareholders Equity ($M) | ▲ | $145 | +3.99 | $141 |
| Tang. Book Value ($M) | ▲ | $145 | +3.99 | $141 |
| TBV excl. AOCI ($M)** | ▲ | $174 | +2.26 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 49.21% | +2.33 | 46.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.65% | +0.20 | 0.45% |
| Allowance / Loans (%) | — | 0.50% | 0.01% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.50 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.48% | +0.91 | 19.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▅██ | Net Interest Margin (%) | 2.67% | 2.91% | 2.99% | 3.07% | 3.21% | 3.33% | 3.64% | 3.73% |
| ▁▁▂▃▄▅██ | Return on Assets (%) | 1.12% | 1.18% | 1.28% | 1.34% | 1.45% | 1.54% | 1.78% | 1.85% |
| ▇█▇▆▄▃▁▁ | Efficiency Ratio (%) | 50.9% | 52.4% | 50.0% | 48.4% | 45.9% | 44.4% | 42.1% | 41.1% |
| ▃█▂▂▁▁▁▁ | Cost of Funds (%) | 0.93% | 1.43% | 0.82% | 0.81% | 0.78% | 0.76% | 0.70% | 0.69% |
| ▁▁▁▆▁▁▅█ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.45% | 0.01% | 0.03% | 0.39% | 0.65% |
| ▁▁▁█▁▁▁▅ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.02% | 1.08% | 0.02% | 0.06% | 0.06% | 0.58% |
| ▁▇██████ | Tang. Book Value ($M) | $93 | $138 | $140 | $141 | $142 | $144 | $144 | $145 |
| ▁▆▇▇████ | Gross Loans ($M) | $331 | $520 | $530 | $551 | $582 | $589 | $586 | $573 |
| ▁▇███▇██ | Total Deposits ($M) | $780 | $1,138 | $1,169 | $1,170 | $1,203 | $1,147 | $1,178 | $1,160 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 7% |