Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.43% | -1.25 | 1.68% |
| Return on Equity (%) | ▼ | 4.95% | -10.55 | 15.50% |
| Net Interest Margin (%) | ▼ | 1.48% | -1.77 | 3.25% |
| Efficiency Ratio (%) | ▼ | 95.17% | +20.14 | 75.03% |
| Pre-Provision Profit ($M) | ▼ | $-5 | -14.03 | $9 |
| Cost of Funds (%) | ▲ | 2.10% | -0.68 | 2.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,490 | +1340.12 | $3,150 |
| Gross Loans ($M) | ▼ | $693 | -215.34 | $909 |
| Loan Growth YoY (%) | ▼ | 25.86% | -8.74 | 34.60% |
| Total Deposits ($M) | ▲ | $2,643 | +53.53 | $2,590 |
| Shareholders Equity ($M) | ▼ | $369 | -35.09 | $404 |
| Tang. Book Value ($M) | ▼ | $368 | -35.09 | $403 |
| TBV excl. AOCI ($M)** | ▼ | $398 | -50.24 | $448 |
| Loan / Deposit Ratio (%) | ▼ | 25.86% | -8.74 | 34.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.39% | 0.01% | 1.38% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.06% | +1.30 | 28.76% |
Noninterest income ($23.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▄▄▃▁▁ | Net Interest Margin (%) | 5.07% | 4.53% | 3.01% | 3.25% | 3.00% | 2.80% | 1.58% | 1.48% |
| █▇▄▃▁▁▂▁ | Return on Assets (%) | 4.72% | 4.10% | 2.17% | 1.68% | 0.69% | 0.77% | 1.39% | 0.43% |
| ▁▁▄▅▇▅▇█ | Efficiency Ratio (%) | 45.4% | 48.7% | 68.7% | 75.0% | 88.7% | 76.2% | 83.6% | 95.2% |
| ▁▂▆█▂▃▃▃ | Cost of Funds (%) | 1.81% | 2.02% | 2.49% | 2.77% | 2.00% | 2.06% | 2.10% | 2.10% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 0.35% | 0.34% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▇▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.29% | 1.26% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▄▅▇▂▃▄▁ | Tang. Book Value ($M) | $414 | $386 | $393 | $403 | $375 | $385 | $388 | $368 |
| ██▅▄▄▅▁▁ | Gross Loans ($M) | $1,175 | $1,183 | $985 | $909 | $922 | $957 | $687 | $693 |
| ▁██▂█▃▂▄ | Total Deposits ($M) | $2,550 | $2,728 | $2,742 | $2,590 | $2,728 | $2,605 | $2,582 | $2,643 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 14% |
| C&I / Commercial | 86% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 3% |
| Brokered / Other | 96% |