Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.80% | +3.21 | 1.59% |
| Return on Equity (%) | ▲ | 18.69% | +12.02 | 6.67% |
| Net Interest Margin (%) | ▲ | 1.97% | +0.18 | 1.79% |
| Efficiency Ratio (%) | ▲ | 35.02% | -2.86 | 37.87% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.67 | $4 |
| Cost of Funds (%) | ▲ | 1.91% | -0.03 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,509 | +94.53 | $1,414 |
| Gross Loans ($M) | ▲ | $154 | +26.09 | $128 |
| Loan Growth YoY (%) | ▲ | 14.25% | +2.06 | 12.19% |
| Total Deposits ($M) | ▲ | $1,074 | +31.59 | $1,042 |
| Shareholders Equity ($M) | ▲ | $392 | +51.39 | $340 |
| Tang. Book Value ($M) | ▲ | $392 | +51.39 | $340 |
| TBV excl. AOCI ($M)** | ▲ | $456 | +56.14 | $400 |
| Loan / Deposit Ratio (%) | ▲ | 14.25% | +2.06 | 12.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.06 | 0.12% |
| Allowance / Loans (%) | — | 0.83% | -0.07% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.71 | 1.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▇█ | Net Interest Margin (%) | 1.64% | 1.64% | 1.69% | 1.79% | 1.81% | 1.83% | 1.91% | 1.97% |
| ▃▂▁▂▃▃▅█ | Return on Assets (%) | 2.34% | 1.50% | 0.90% | 1.59% | 2.18% | 2.31% | 3.06% | 4.80% |
| ██▆▃▃▂▂▁ | Efficiency Ratio (%) | 43.6% | 42.9% | 40.7% | 37.9% | 37.6% | 36.7% | 36.8% | 35.0% |
| ▁▆▆█▇█▆▇ | Cost of Funds (%) | 1.80% | 1.90% | 1.89% | 1.94% | 1.91% | 1.93% | 1.89% | 1.91% |
| ▂▃▃▄█▁▂▁ | NPA / Assets (%) | 0.09% | 0.10% | 0.10% | 0.12% | 0.18% | 0.07% | 0.08% | 0.06% |
| ▃▄▄▅█▁▂▁ | Net Charge-Off Ratio (%) | 0.96% | 1.14% | 1.11% | 1.30% | 1.87% | 0.67% | 0.81% | 0.59% |
| ▁▁▁▂▃▄▆█ | Tang. Book Value ($M) | $337 | $331 | $335 | $340 | $352 | $359 | $370 | $392 |
| ▁▁▁▂▄▆▇█ | Gross Loans ($M) | $121 | $124 | $125 | $128 | $134 | $142 | $146 | $154 |
| ▁▄▇▆▆▃▆█ | Total Deposits ($M) | $985 | $1,027 | $1,056 | $1,042 | $1,048 | $1,010 | $1,042 | $1,074 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 25% |
| C&I / Commercial | 70% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 15% |