Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.32% | +0.35 | 1.97% |
| Return on Equity (%) | ▲ | 11.86% | +2.39 | 9.47% |
| Net Interest Margin (%) | ▲ | 7.69% | +1.76 | 5.93% |
| Efficiency Ratio (%) | ▲ | 59.30% | -3.07 | 62.37% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.51 | $3 |
| Cost of Funds (%) | ▲ | 1.17% | -0.00 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $627 | +106.69 | $520 |
| Gross Loans ($M) | ▲ | $512 | +130.87 | $381 |
| Loan Growth YoY (%) | ▲ | 119.90% | +25.76 | 94.14% |
| Total Deposits ($M) | ▲ | $423 | +22.50 | $401 |
| Shareholders Equity ($M) | ▲ | $117 | +5.54 | $111 |
| Tang. Book Value ($M) | ▼ | $77 | -4.32 | $81 |
| TBV excl. AOCI ($M)** | ▼ | $79 | -4.02 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 119.90% | +25.76 | 94.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.01 | 0.05% |
| Allowance / Loans (%) | — | 0.89% | -0.12% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.01 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▃██ | Net Interest Margin (%) | 5.82% | 5.96% | 5.78% | 5.93% | 5.93% | 6.43% | 7.62% | 7.69% |
| ▅▁▂▅▅▇▄█ | Return on Assets (%) | 2.00% | 1.51% | 1.69% | 1.97% | 2.01% | 2.20% | 1.87% | 2.32% |
| ▄▂█▅▄▂█▁ | Efficiency Ratio (%) | 61.6% | 60.1% | 65.1% | 62.4% | 61.8% | 60.2% | 64.9% | 59.3% |
| ██▃▄▂▄▁▄ | Cost of Funds (%) | 1.36% | 1.37% | 1.14% | 1.18% | 1.09% | 1.17% | 1.02% | 1.17% |
| ▁▂█▁█▃▂▁ | NPA / Assets (%) | 0.03% | 0.06% | 0.20% | 0.05% | 0.22% | 0.09% | 0.08% | 0.05% |
| ▁▂█▁█▃▂▁ | Net Charge-Off Ratio (%) | 0.05% | 0.09% | 0.29% | 0.07% | 0.30% | 0.11% | 0.10% | 0.06% |
| ▇▄▆▇█▁▂▄ | Tang. Book Value ($M) | $81 | $77 | $79 | $81 | $83 | $72 | $74 | $77 |
| ▃▁▁▂▃▅▅█ | Gross Loans ($M) | $400 | $366 | $362 | $381 | $404 | $453 | $452 | $512 |
| ▇▄▂▁█▆▁▆ | Total Deposits ($M) | $425 | $414 | $406 | $401 | $431 | $424 | $404 | $423 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 21% |
| C&I / Commercial | 50% |
| Other | 29% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 9% |