Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.09% | -0.70 | 1.80% |
| Return on Equity (%) | ▼ | 11.84% | -6.38 | 18.22% |
| Net Interest Margin (%) | ▼ | 3.22% | -0.50 | 3.71% |
| Efficiency Ratio (%) | ▼ | 34.55% | +7.23 | 27.32% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.42 | $5 |
| Cost of Funds (%) | ▲ | 3.32% | -0.08 | 3.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $955 | +165.15 | $789 |
| Gross Loans ($M) | ▲ | $821 | +132.08 | $689 |
| Loan Growth YoY (%) | ▲ | 108.86% | +1.83 | 107.03% |
| Total Deposits ($M) | ▲ | $743 | +108.98 | $634 |
| Shareholders Equity ($M) | ▲ | $88 | +9.73 | $78 |
| Tang. Book Value ($M) | ▲ | $87 | +9.73 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +9.58 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 108.86% | +1.83 | 107.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.49% | +3.55 | 0.94% |
| Allowance / Loans (%) | — | 1.42% | -0.00% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 4.76% | +3.68 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.32% | -0.59 | 10.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █████▄▂▁ | Net Interest Margin (%) | 3.70% | 3.69% | 3.70% | 3.71% | 3.71% | 3.46% | 3.30% | 3.22% |
| ▆▇██▇▄▁▁ | Return on Assets (%) | 1.65% | 1.71% | 1.87% | 1.80% | 1.72% | 1.40% | 1.18% | 1.09% |
| ▆▅▁▂▃▅██ | Efficiency Ratio (%) | 31.6% | 30.9% | 25.0% | 27.3% | 27.9% | 30.6% | 33.7% | 34.5% |
| ▄▂▁▆▇█▃▄ | Cost of Funds (%) | 3.32% | 3.26% | 3.19% | 3.39% | 3.42% | 3.49% | 3.27% | 3.32% |
| ▁▁▁▁▂▂██ | NPA / Assets (%) | 0.94% | 0.81% | 0.99% | 0.94% | 1.42% | 1.48% | 4.19% | 4.49% |
| ▁▁▁▁▂▂██ | Net Charge-Off Ratio (%) | 1.12% | 0.99% | 1.16% | 1.08% | 1.69% | 1.70% | 4.83% | 4.76% |
| ▁▅▅▆▇▇██ | Tang. Book Value ($M) | $53 | $71 | $74 | $78 | $81 | $83 | $85 | $87 |
| ▁▁▃▄▅▇██ | Gross Loans ($M) | $568 | $595 | $641 | $689 | $713 | $762 | $814 | $821 |
| ▁▂▃▄▆▆██ | Total Deposits ($M) | $561 | $596 | $615 | $634 | $684 | $696 | $736 | $743 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 49% |