Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.41 | 1.16% |
| Return on Equity (%) | ▲ | 14.11% | +3.06 | 11.05% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.67 | 2.21% |
| Efficiency Ratio (%) | ▲ | 38.17% | -10.73 | 48.90% |
| Pre-Provision Profit ($M) | ▲ | $21 | +7.52 | $13 |
| Cost of Funds (%) | ▲ | 1.55% | -0.39 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,260 | +24.85 | $4,235 |
| Gross Loans ($M) | ▲ | $2,482 | +41.22 | $2,440 |
| Loan Growth YoY (%) | ▲ | 67.15% | +1.41 | 65.75% |
| Total Deposits ($M) | ▼ | $3,663 | -15.60 | $3,679 |
| Shareholders Equity ($M) | ▲ | $496 | +34.80 | $461 |
| Tang. Book Value ($M) | ▲ | $465 | +34.80 | $430 |
| TBV excl. AOCI ($M)** | ▲ | $530 | +26.49 | $503 |
| Loan / Deposit Ratio (%) | ▲ | 67.15% | +1.41 | 65.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.22 | 0.43% |
| Allowance / Loans (%) | — | 0.87% | -0.02% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.39 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.18% | +1.14 | 15.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 1.62% | 1.71% | 2.13% | 2.21% | 2.30% | 2.43% | 2.74% | 2.88% |
| ▁▁▅▅▆▆██ | Return on Assets (%) | 0.64% | 0.73% | 1.11% | 1.16% | 1.24% | 1.23% | 1.51% | 1.57% |
| ██▄▄▄▃▁▁ | Efficiency Ratio (%) | 62.4% | 60.2% | 49.3% | 48.9% | 47.5% | 47.0% | 38.4% | 38.2% |
| █▇▅▄▄▂▁▁ | Cost of Funds (%) | 2.48% | 2.34% | 2.02% | 1.93% | 1.89% | 1.67% | 1.52% | 1.55% |
| ▇████▄▃▁ | NPA / Assets (%) | 0.39% | 0.41% | 0.42% | 0.43% | 0.42% | 0.31% | 0.28% | 0.21% |
| █████▄▃▁ | Net Charge-Off Ratio (%) | 0.74% | 0.74% | 0.76% | 0.75% | 0.76% | 0.56% | 0.49% | 0.37% |
| ▁▂▃▃▄▆██ | Tang. Book Value ($M) | $415 | $426 | $431 | $430 | $439 | $453 | $462 | $465 |
| ▅▄▁▂▁█▅▄ | Gross Loans ($M) | $2,487 | $2,468 | $2,413 | $2,440 | $2,417 | $2,555 | $2,488 | $2,482 |
| ▆▄▅▁▅█▆▁ | Total Deposits ($M) | $3,859 | $3,780 | $3,825 | $3,679 | $3,823 | $3,966 | $3,853 | $3,663 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |