Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.15 | 1.17% |
| Return on Equity (%) | ▼ | 14.51% | -0.58 | 15.09% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.45 | 3.10% |
| Efficiency Ratio (%) | ▲ | 58.63% | -4.61 | 63.25% |
| Pre-Provision Profit ($M) | ▲ | $11 | +2.21 | $9 |
| Cost of Funds (%) | ▲ | 2.88% | -0.41 | 3.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,533 | +26.30 | $2,506 |
| Gross Loans ($M) | ▲ | $2,055 | +147.77 | $1,907 |
| Loan Growth YoY (%) | ▲ | 97.28% | +6.89 | 90.39% |
| Total Deposits ($M) | ▼ | $2,099 | -0.67 | $2,099 |
| Shareholders Equity ($M) | ▲ | $243 | +47.40 | $195 |
| Tang. Book Value ($M) | ▲ | $227 | +47.41 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $244 | +51.32 | $193 |
| Loan / Deposit Ratio (%) | ▲ | 97.28% | +6.89 | 90.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.61% | +1.13 | 0.48% |
| Allowance / Loans (%) | — | 0.65% | 0.15% | 0.50% |
| Net Charge-Off Ratio (%) | ▼ | 1.91% | +1.33 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.13% | +1.23 | 10.90% |
Noninterest income ($6.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▂▂▃▆█ | Net Interest Margin (%) | 3.07% | 3.10% | 3.03% | 3.10% | 3.15% | 3.22% | 3.36% | 3.55% |
| ▁▁▆▅▄▃█▇ | Return on Assets (%) | 0.75% | 0.83% | 1.22% | 1.17% | 1.06% | 0.96% | 1.48% | 1.32% |
| ██▃▄▅▅▁▂ | Efficiency Ratio (%) | 77.7% | 75.7% | 60.4% | 63.2% | 66.1% | 67.1% | 54.4% | 58.6% |
| ▄▅▆██▅▂▁ | Cost of Funds (%) | 3.07% | 3.12% | 3.18% | 3.29% | 3.24% | 3.12% | 2.96% | 2.88% |
| ▁▂▁▁▁▂▇█ | NPA / Assets (%) | 0.56% | 0.69% | 0.54% | 0.48% | 0.60% | 0.73% | 1.34% | 1.61% |
| ▁▂▁▁▁▂▇█ | Net Charge-Off Ratio (%) | 0.63% | 0.79% | 0.63% | 0.59% | 0.72% | 0.89% | 1.63% | 1.91% |
| ▁▁▂▃▆▇██ | Tang. Book Value ($M) | $162 | $163 | $173 | $180 | $210 | $215 | $221 | $227 |
| ▁▃▄▄▆███ | Gross Loans ($M) | $1,801 | $1,878 | $1,905 | $1,907 | $1,978 | $2,028 | $2,044 | $2,055 |
| ▁▂▅▆██▇▆ | Total Deposits ($M) | $1,783 | $1,895 | $2,028 | $2,099 | $2,215 | $2,243 | $2,174 | $2,099 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 24% |