Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.43 | 0.87% |
| Return on Equity (%) | ▲ | 9.50% | +3.04 | 6.46% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.14 | 2.97% |
| Efficiency Ratio (%) | ▲ | 67.46% | -0.84 | 68.30% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.90 | $8 |
| Cost of Funds (%) | ▲ | 2.10% | -0.27 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,153 | +258.62 | $2,894 |
| Gross Loans ($M) | ▲ | $2,411 | +190.69 | $2,221 |
| Loan Growth YoY (%) | ▲ | 104.24% | +1.40 | 102.84% |
| Total Deposits ($M) | ▲ | $2,296 | +154.90 | $2,142 |
| Shareholders Equity ($M) | ▲ | $431 | +41.17 | $389 |
| Tang. Book Value ($M) | ▲ | $383 | +42.49 | $341 |
| TBV excl. AOCI ($M)** | ▲ | $409 | +45.06 | $364 |
| Loan / Deposit Ratio (%) | ▲ | 104.24% | +1.40 | 102.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.39% | +0.83 | 0.56% |
| Allowance / Loans (%) | — | 0.73% | -0.10% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 1.80% | +1.09 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 2.63% | 2.67% | 2.89% | 2.97% | 2.98% | 2.99% | 3.06% | 3.11% |
| ▇▁▂▁▅▃▁█ | Return on Assets (%) | 1.22% | 0.90% | 0.96% | 0.87% | 1.09% | 1.01% | 0.86% | 1.30% |
| ██▅▁▁▂▂▁ | Efficiency Ratio (%) | 74.8% | 74.0% | 71.3% | 68.3% | 68.2% | 69.2% | 69.2% | 67.5% |
| █▆▅▄▄▂▂▁ | Cost of Funds (%) | 2.78% | 2.61% | 2.46% | 2.36% | 2.40% | 2.27% | 2.20% | 2.10% |
| ▁▁▁▁▅█▇▆ | NPA / Assets (%) | 0.68% | 0.58% | 0.64% | 0.56% | 1.29% | 1.83% | 1.62% | 1.39% |
| ▁▁▁▁▅█▇▆ | Net Charge-Off Ratio (%) | 0.87% | 0.72% | 0.81% | 0.71% | 1.66% | 2.38% | 2.11% | 1.80% |
| ▁▁▂▁▃▅▆█ | Tang. Book Value ($M) | $344 | $340 | $348 | $341 | $356 | $364 | $369 | $383 |
| ▁▂▂▃▄▆▆█ | Gross Loans ($M) | $2,118 | $2,188 | $2,185 | $2,221 | $2,251 | $2,304 | $2,327 | $2,411 |
| ▁▃▃▃▅▇█▇ | Total Deposits ($M) | $2,052 | $2,126 | $2,138 | $2,142 | $2,229 | $2,285 | $2,340 | $2,296 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 21% |