Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.42% | -0.13 | 1.55% |
| Return on Equity (%) | ▼ | 15.65% | -0.75 | 16.40% |
| Net Interest Margin (%) | ▲ | 4.71% | +0.15 | 4.56% |
| Efficiency Ratio (%) | ▼ | 56.84% | +1.82 | 55.02% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.94 | $5 |
| Cost of Funds (%) | ▲ | 1.91% | -0.65 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,046 | +221.21 | $825 |
| Gross Loans ($M) | ▲ | $857 | +221.00 | $636 |
| Loan Growth YoY (%) | ▲ | 89.52% | +1.50 | 88.02% |
| Total Deposits ($M) | ▲ | $946 | +231.60 | $714 |
| Shareholders Equity ($M) | ▲ | $91 | +13.52 | $77 |
| Tang. Book Value ($M) | ▲ | $91 | +13.52 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +13.51 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 89.52% | +1.50 | 88.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.19 | 0.35% |
| Allowance / Loans (%) | — | 1.20% | 0.05% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.00 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇▇▇▆█ | Net Interest Margin (%) | 4.04% | 4.17% | 4.41% | 4.56% | 4.56% | 4.57% | 4.49% | 4.71% |
| ▁▁██▇▇▄▃ | Return on Assets (%) | 1.38% | 1.37% | 1.54% | 1.55% | 1.52% | 1.51% | 1.44% | 1.42% |
| ▇█▁▁▁▁▄▅ | Efficiency Ratio (%) | 57.6% | 58.5% | 55.3% | 55.0% | 54.9% | 54.9% | 56.5% | 56.8% |
| ▃█▆▆▅▃▃▁ | Cost of Funds (%) | 2.24% | 2.84% | 2.52% | 2.55% | 2.43% | 2.21% | 2.20% | 1.91% |
| ▆██▁▂▂▂▂ | NPA / Assets (%) | 1.10% | 1.35% | 1.45% | 0.35% | 0.51% | 0.54% | 0.56% | 0.54% |
| ▆██▁▁▂▁▁ | Net Charge-Off Ratio (%) | 1.44% | 1.70% | 1.85% | 0.46% | 0.61% | 0.65% | 0.51% | 0.46% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $69 | $70 | $74 | $77 | $81 | $84 | $87 | $91 |
| ▁▁▂▂▄▅▅█ | Gross Loans ($M) | $579 | $589 | $615 | $636 | $696 | $719 | $734 | $857 |
| ▁▁▁▂▄▄▆█ | Total Deposits ($M) | $655 | $638 | $671 | $714 | $758 | $790 | $842 | $946 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 30% |