Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.20 | 1.06% |
| Return on Equity (%) | ▲ | 13.41% | +2.27 | 11.14% |
| Net Interest Margin (%) | ▼ | 2.48% | -0.20 | 2.69% |
| Efficiency Ratio (%) | ▲ | 30.55% | -5.36 | 35.92% |
| Pre-Provision Profit ($M) | ▲ | $28 | +6.70 | $22 |
| Cost of Funds (%) | ▲ | 2.52% | -0.11 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,043 | +719.86 | $5,323 |
| Gross Loans ($M) | ▲ | $4,609 | +314.12 | $4,295 |
| Loan Growth YoY (%) | ▼ | 83.74% | -9.00 | 92.75% |
| Total Deposits ($M) | ▲ | $5,375 | +853.54 | $4,521 |
| Shareholders Equity ($M) | ▲ | $568 | +57.86 | $510 |
| Tang. Book Value ($M) | ▲ | $568 | +57.86 | $510 |
| TBV excl. AOCI ($M)** | ▲ | $617 | +72.58 | $545 |
| Loan / Deposit Ratio (%) | ▼ | 83.74% | -9.00 | 92.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.34% | -0.02% | 2.36% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.18% | +0.73 | 12.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▅▆▆▁▁ | Net Interest Margin (%) | 2.88% | 2.88% | 2.63% | 2.69% | 2.75% | 2.77% | 2.50% | 2.48% |
| ▇█▁▂▄▆▅▅ | Return on Assets (%) | 1.38% | 1.45% | 0.94% | 1.06% | 1.19% | 1.27% | 1.21% | 1.26% |
| ▁▁█▇▅▄▄▃ | Efficiency Ratio (%) | 27.6% | 26.6% | 38.9% | 35.9% | 33.4% | 31.3% | 31.8% | 30.6% |
| █▆▄▄▂▁▁▂ | Cost of Funds (%) | 2.88% | 2.73% | 2.64% | 2.63% | 2.53% | 2.48% | 2.44% | 2.52% |
| ▁▁▁█▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $467 | $485 | $498 | $510 | $528 | $548 | $564 | $568 |
| ▁▂▃▄▅███ | Gross Loans ($M) | $4,037 | $4,168 | $4,228 | $4,295 | $4,389 | $4,580 | $4,557 | $4,609 |
| ▁▁▂▁▄▆██ | Total Deposits ($M) | $4,449 | $4,455 | $4,669 | $4,521 | $4,861 | $5,148 | $5,387 | $5,375 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 31% |