Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.72% | -0.17 | 1.89% |
| Return on Equity (%) | ▼ | 16.92% | -2.49 | 19.41% |
| Net Interest Margin (%) | ▼ | 4.08% | -0.46 | 4.53% |
| Efficiency Ratio (%) | ▲ | 45.90% | -1.57 | 47.47% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.03 | $2 |
| Cost of Funds (%) | ▼ | 1.76% | +0.05 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $402 | +52.44 | $350 |
| Gross Loans ($M) | ▲ | $288 | +16.61 | $272 |
| Loan Growth YoY (%) | ▼ | 81.21% | -9.79 | 91.00% |
| Total Deposits ($M) | ▲ | $354 | +56.29 | $298 |
| Shareholders Equity ($M) | ▲ | $41 | +6.44 | $35 |
| Tang. Book Value ($M) | ▲ | $41 | +6.44 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +6.69 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 81.21% | -9.79 | 91.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.88 | 0.08% |
| Allowance / Loans (%) | — | 0.25% | 0.01% | 0.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +1.23 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.50% | +1.40 | 15.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▇███▁▁ | Net Interest Margin (%) | 4.14% | 4.22% | 4.47% | 4.53% | 4.50% | 4.49% | 4.09% | 4.08% |
| ▁▃▆▇██▆▅ | Return on Assets (%) | 1.43% | 1.61% | 1.82% | 1.89% | 1.96% | 1.91% | 1.77% | 1.72% |
| █▆▅▃▁▂▁▂ | Efficiency Ratio (%) | 55.8% | 52.2% | 49.9% | 47.5% | 45.0% | 46.1% | 44.0% | 45.9% |
| ███▆▆▆▁█ | Cost of Funds (%) | 1.76% | 1.78% | 1.79% | 1.71% | 1.69% | 1.69% | 1.48% | 1.76% |
| ▁▁▁▁▁▂▁█ | NPA / Assets (%) | 0.15% | 0.10% | 0.07% | 0.08% | 0.05% | 0.18% | 0.07% | 0.96% |
| ▁▁▁▁▁▂▁█ | Net Charge-Off Ratio (%) | 0.19% | 0.13% | 0.08% | 0.10% | 0.06% | 0.23% | 0.10% | 1.33% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $32 | $32 | $33 | $35 | $37 | $39 | $40 | $41 |
| ▁▃▅▅▆███ | Gross Loans ($M) | $247 | $259 | $271 | $272 | $274 | $285 | $287 | $288 |
| ▁▂▃▃▃▄██ | Total Deposits ($M) | $270 | $290 | $298 | $298 | $301 | $315 | $366 | $354 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 12% |