Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.04 | 1.66% |
| Return on Equity (%) | ▼ | 17.39% | -0.77 | 18.16% |
| Net Interest Margin (%) | ▼ | 4.29% | -0.48 | 4.77% |
| Efficiency Ratio (%) | ▼ | 61.60% | +4.98 | 56.62% |
| Pre-Provision Profit ($M) | ▼ | $17 | -1.54 | $18 |
| Cost of Funds (%) | ▼ | 1.30% | +0.05 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,409 | +691.56 | $3,717 |
| Gross Loans ($M) | ▲ | $3,520 | +455.03 | $3,065 |
| Loan Growth YoY (%) | ▲ | 101.85% | +6.29 | 95.56% |
| Total Deposits ($M) | ▲ | $3,395 | +243.78 | $3,151 |
| Shareholders Equity ($M) | ▲ | $412 | +65.63 | $346 |
| Tang. Book Value ($M) | ▲ | $412 | +65.64 | $346 |
| TBV excl. AOCI ($M)** | ▲ | $443 | +77.21 | $366 |
| Loan / Deposit Ratio (%) | ▲ | 101.85% | +6.29 | 95.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.23 | 0.25% |
| Allowance / Loans (%) | — | 1.77% | 0.02% | 1.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.30 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.40% | +0.37 | 10.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▇▇██▁▁ | Net Interest Margin (%) | 4.65% | 4.73% | 4.77% | 4.77% | 4.87% | 4.80% | 4.28% | 4.29% |
| ▁▂▆▅██▆▅ | Return on Assets (%) | 1.24% | 1.37% | 1.71% | 1.66% | 1.85% | 1.93% | 1.69% | 1.62% |
| ▆▆▁▃▃▃▇█ | Efficiency Ratio (%) | 59.7% | 59.3% | 54.2% | 56.6% | 56.2% | 56.6% | 60.2% | 61.6% |
| █▄▃▂▃▁▂▃ | Cost of Funds (%) | 1.72% | 1.37% | 1.27% | 1.25% | 1.29% | 1.10% | 1.18% | 1.30% |
| ▄▁▅▁▆▇█▇ | NPA / Assets (%) | 0.39% | 0.26% | 0.40% | 0.25% | 0.45% | 0.47% | 0.53% | 0.48% |
| ▁▁▅▁▆▇█▇ | Net Charge-Off Ratio (%) | 0.32% | 0.32% | 0.49% | 0.31% | 0.55% | 0.57% | 0.65% | 0.60% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $303 | $310 | $329 | $346 | $364 | $382 | $396 | $412 |
| ▁▂▃▄▄▇██ | Gross Loans ($M) | $2,708 | $2,840 | $2,915 | $3,065 | $3,075 | $3,336 | $3,465 | $3,520 |
| ▁▂▄▅▆▆██ | Total Deposits ($M) | $2,662 | $2,844 | $2,981 | $3,151 | $3,225 | $3,176 | $3,454 | $3,395 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 21% |
| Consumer | 6% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 5% |