Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.17 | 0.10% |
| Return on Equity (%) | ▲ | 3.08% | +1.98 | 1.10% |
| Net Interest Margin (%) | ▲ | 2.10% | +0.23 | 1.87% |
| Efficiency Ratio (%) | ▲ | 80.21% | -10.88 | 91.09% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.41 | $1 |
| Cost of Funds (%) | ▲ | 2.77% | -0.25 | 3.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,229 | +204.55 | $2,024 |
| Gross Loans ($M) | ▲ | $1,530 | +157.99 | $1,372 |
| Loan Growth YoY (%) | ▲ | 85.02% | +0.88 | 84.14% |
| Total Deposits ($M) | ▲ | $1,785 | +168.32 | $1,616 |
| Shareholders Equity ($M) | ▲ | $198 | +11.81 | $187 |
| Tang. Book Value ($M) | ▲ | $198 | +11.81 | $187 |
| TBV excl. AOCI ($M)** | ▲ | $222 | +11.30 | $211 |
| Loan / Deposit Ratio (%) | ▲ | 85.02% | +0.88 | 84.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.00% | +0.38 | 0.62% |
| Allowance / Loans (%) | — | 0.82% | -0.04% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 1.09% | +0.59 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 1.43% | 1.48% | 1.83% | 1.87% | 1.90% | 1.94% | 2.09% | 2.10% |
| ▃▁▄▅▇███ | Return on Assets (%) | -0.04% | -0.18% | 0.05% | 0.10% | 0.17% | 0.23% | 0.25% | 0.28% |
| ██▄▃▂▂▁▁ | Efficiency Ratio (%) | 113.8% | 110.4% | 95.8% | 91.1% | 88.3% | 84.6% | 83.3% | 80.2% |
| █▅▃▃▃▁▁▁ | Cost of Funds (%) | 3.64% | 3.29% | 3.07% | 3.02% | 3.00% | 2.84% | 2.81% | 2.77% |
| ▂▁▃▃▄▁▁█ | NPA / Assets (%) | 0.56% | 0.49% | 0.63% | 0.62% | 0.70% | 0.54% | 0.51% | 1.00% |
| ▆▄▇▂▄▁▁█ | Net Charge-Off Ratio (%) | 0.85% | 0.71% | 0.94% | 0.51% | 0.64% | 0.42% | 0.36% | 1.09% |
| ▄▂▁▁▁▇▇█ | Tang. Book Value ($M) | $192 | $188 | $187 | $187 | $187 | $196 | $197 | $198 |
| ▁▃▃▄▅█▇█ | Gross Loans ($M) | $1,251 | $1,351 | $1,331 | $1,372 | $1,417 | $1,501 | $1,484 | $1,530 |
| ▁▁▃▃▄▆▇█ | Total Deposits ($M) | $1,556 | $1,548 | $1,630 | $1,616 | $1,640 | $1,721 | $1,750 | $1,785 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 50% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 34% |