Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.26 | 1.74% |
| Return on Equity (%) | ▲ | 20.52% | +1.28 | 19.24% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.32 | 4.07% |
| Efficiency Ratio (%) | ▲ | 50.01% | -2.13 | 52.14% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.65 | $12 |
| Cost of Funds (%) | ▲ | 1.89% | -0.03 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,233 | +86.33 | $2,147 |
| Gross Loans ($M) | ▲ | $1,721 | +24.57 | $1,696 |
| Loan Growth YoY (%) | ▼ | 91.96% | -1.25 | 93.21% |
| Total Deposits ($M) | ▲ | $1,853 | +50.73 | $1,802 |
| Shareholders Equity ($M) | ▲ | $220 | +20.82 | $199 |
| Tang. Book Value ($M) | ▲ | $194 | +22.66 | $171 |
| TBV excl. AOCI ($M)** | ▲ | $213 | +27.55 | $185 |
| Loan / Deposit Ratio (%) | ▼ | 91.96% | -1.25 | 93.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.00 | 0.50% |
| Allowance / Loans (%) | — | 0.98% | 0.01% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.01 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.10% | +0.99 | 10.12% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▅▆▇▇██ | Net Interest Margin (%) | 3.51% | 3.35% | 3.98% | 4.07% | 4.14% | 4.21% | 4.30% | 4.39% |
| ▃▁▅▆▇▇▆█ | Return on Assets (%) | 1.42% | 1.07% | 1.63% | 1.74% | 1.80% | 1.85% | 1.75% | 2.00% |
| ▇█▅▃▂▂▂▁ | Efficiency Ratio (%) | 56.7% | 58.1% | 54.6% | 52.1% | 51.6% | 51.4% | 52.0% | 50.0% |
| █▁▅▅▇▆▄▄ | Cost of Funds (%) | 2.18% | 1.62% | 1.94% | 1.92% | 2.05% | 1.99% | 1.86% | 1.89% |
| ▃▄▄▄█▁▃▄ | NPA / Assets (%) | 0.47% | 0.49% | 0.50% | 0.50% | 0.63% | 0.38% | 0.47% | 0.50% |
| ▄▄▄▄█▁▃▄ | Net Charge-Off Ratio (%) | 0.63% | 0.63% | 0.63% | 0.63% | 0.84% | 0.47% | 0.58% | 0.64% |
| ▁▃▄▅▆█▇█ | Tang. Book Value ($M) | $137 | $156 | $165 | $171 | $179 | $187 | $186 | $194 |
| ▁▇██████ | Gross Loans ($M) | $1,094 | $1,626 | $1,652 | $1,696 | $1,661 | $1,666 | $1,686 | $1,721 |
| ▁███████ | Total Deposits ($M) | $1,238 | $1,830 | $1,805 | $1,802 | $1,870 | $1,847 | $1,841 | $1,853 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 24% |