Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.36 | 0.61% |
| Return on Equity (%) | ▲ | 10.84% | +3.42 | 7.42% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.45 | 3.01% |
| Efficiency Ratio (%) | ▲ | 62.98% | -10.29 | 73.27% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.97 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.17 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $874 | +32.75 | $842 |
| Gross Loans ($M) | ▲ | $642 | +21.42 | $620 |
| Loan Growth YoY (%) | ▲ | 87.81% | +5.68 | 82.13% |
| Total Deposits ($M) | ▼ | $726 | -24.45 | $750 |
| Shareholders Equity ($M) | ▲ | $79 | +10.16 | $69 |
| Tang. Book Value ($M) | ▲ | $72 | +10.17 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +9.53 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 87.81% | +5.68 | 82.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.21 | 0.40% |
| Allowance / Loans (%) | — | 0.70% | 0.02% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.09 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.09% | +0.86 | 11.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅██ | Net Interest Margin (%) | 2.81% | 2.82% | 2.89% | 3.01% | 3.08% | 3.16% | 3.47% | 3.46% |
| ▁▁▁▁▃▄██ | Return on Assets (%) | 0.62% | 0.59% | 0.59% | 0.61% | 0.69% | 0.75% | 0.95% | 0.97% |
| ▆▇█▇▅▄▁▁ | Efficiency Ratio (%) | 71.7% | 72.8% | 74.9% | 73.3% | 69.3% | 67.8% | 63.3% | 63.0% |
| ██▅▄▅▄▂▁ | Cost of Funds (%) | 2.27% | 2.23% | 2.09% | 1.99% | 2.06% | 2.02% | 1.91% | 1.82% |
| ▁▁█▆█▁▁▁ | NPA / Assets (%) | 0.20% | 0.19% | 0.46% | 0.40% | 0.47% | 0.19% | 0.20% | 0.19% |
| ▂▂█▂▄▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.43% | 0.09% | 0.20% | 0.00% | 0.01% | 0.00% |
| ▃▁▂▂▄▆▇█ | Tang. Book Value ($M) | $63 | $60 | $62 | $62 | $65 | $69 | $70 | $72 |
| ▁▂▄▆▇█▇█ | Gross Loans ($M) | $577 | $587 | $605 | $620 | $627 | $638 | $633 | $642 |
| ▁█▆█▆▅▄▅ | Total Deposits ($M) | $675 | $760 | $737 | $750 | $737 | $722 | $712 | $726 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |