Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.55% | -0.48 | 1.03% |
| Return on Equity (%) | ▼ | 4.54% | -4.38 | 8.92% |
| Net Interest Margin (%) | ▼ | 4.21% | -0.25 | 4.46% |
| Efficiency Ratio (%) | ▼ | 76.89% | +7.71 | 69.17% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.44 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.04 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $511 | +137.68 | $374 |
| Gross Loans ($M) | ▲ | $373 | +103.61 | $269 |
| Loan Growth YoY (%) | ▼ | 81.97% | -0.28 | 82.26% |
| Total Deposits ($M) | ▲ | $449 | +125.77 | $323 |
| Shareholders Equity ($M) | ▲ | $59 | +14.46 | $45 |
| Tang. Book Value ($M) | ▲ | $59 | +14.46 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +13.84 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 81.97% | -0.28 | 82.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.30% | +2.22 | 0.08% |
| Allowance / Loans (%) | — | 1.19% | 0.07% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 3.10% | +3.10 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.70% | +0.29 | 16.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇▆▆█▃ | Net Interest Margin (%) | 4.04% | 4.08% | 4.33% | 4.46% | 4.38% | 4.43% | 4.57% | 4.21% |
| ▇▆██▆▄▄▁ | Return on Assets (%) | 0.99% | 0.95% | 1.09% | 1.03% | 0.91% | 0.80% | 0.81% | 0.55% |
| ▁▂▂▂▃▄▄█ | Efficiency Ratio (%) | 66.7% | 68.7% | 68.3% | 69.2% | 70.4% | 71.2% | 71.6% | 76.9% |
| ██▁▃▃█▄▁ | Cost of Funds (%) | 1.87% | 1.88% | 1.67% | 1.73% | 1.74% | 1.86% | 1.75% | 1.69% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.14% | 0.09% | 0.08% | 0.08% | 0.07% | 0.13% | 0.15% | 2.30% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.12% | 3.10% |
| ▁▁▃▃▅███ | Tang. Book Value ($M) | $38 | $36 | $44 | $45 | $50 | $58 | $59 | $59 |
| ▁▁▁▃▅▇██ | Gross Loans ($M) | $222 | $215 | $234 | $269 | $306 | $351 | $358 | $373 |
| ▁▁▁▂▅▆▇█ | Total Deposits ($M) | $305 | $305 | $315 | $323 | $392 | $401 | $416 | $449 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |