Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.30 | 1.51% |
| Return on Equity (%) | ▲ | 17.28% | +2.88 | 14.40% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.32 | 3.62% |
| Efficiency Ratio (%) | ▲ | 52.84% | -3.28 | 56.11% |
| Pre-Provision Profit ($M) | ▲ | $14 | +2.44 | $12 |
| Cost of Funds (%) | ▲ | 2.10% | -0.39 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,850 | +158.16 | $2,692 |
| Gross Loans ($M) | ▲ | $2,326 | +151.08 | $2,175 |
| Loan Growth YoY (%) | ▼ | 93.44% | -1.59 | 95.03% |
| Total Deposits ($M) | ▲ | $2,459 | +197.81 | $2,261 |
| Shareholders Equity ($M) | ▲ | $305 | +21.26 | $283 |
| Tang. Book Value ($M) | ▲ | $305 | +21.26 | $283 |
| TBV excl. AOCI ($M)** | ▲ | $314 | +20.49 | $293 |
| Loan / Deposit Ratio (%) | ▼ | 93.44% | -1.59 | 95.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.41% | -0.11 | 12.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 3.10% | 3.17% | 3.45% | 3.62% | 3.63% | 3.70% | 3.81% | 3.94% |
| ▁▁▄▅▅▆▆█ | Return on Assets (%) | 1.19% | 1.25% | 1.43% | 1.51% | 1.57% | 1.64% | 1.65% | 1.81% |
| ███▅▃▂▃▁ | Efficiency Ratio (%) | 58.9% | 59.0% | 58.6% | 56.1% | 55.1% | 53.7% | 54.4% | 52.8% |
| █▆▄▄▄▃▁▁ | Cost of Funds (%) | 2.97% | 2.65% | 2.53% | 2.49% | 2.45% | 2.36% | 2.16% | 2.10% |
| █▆▅▂▅▁▁▁ | NPA / Assets (%) | 0.10% | 0.07% | 0.07% | 0.04% | 0.06% | 0.03% | 0.03% | 0.03% |
| █▆▅▂▅▁▁▁ | Net Charge-Off Ratio (%) | 0.12% | 0.09% | 0.08% | 0.05% | 0.08% | 0.04% | 0.04% | 0.03% |
| ▁▂▄▄▄▇▇█ | Tang. Book Value ($M) | $269 | $276 | $284 | $283 | $283 | $297 | $300 | $305 |
| ▁▁▃▃▅█▇█ | Gross Loans ($M) | $2,125 | $2,098 | $2,173 | $2,175 | $2,238 | $2,308 | $2,287 | $2,326 |
| ▁▃▁▃▇███ | Total Deposits ($M) | $2,174 | $2,285 | $2,174 | $2,261 | $2,418 | $2,471 | $2,452 | $2,459 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |