Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.33 | 1.68% |
| Return on Equity (%) | ▲ | 20.76% | +0.80 | 19.96% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.29 | 3.21% |
| Efficiency Ratio (%) | ▲ | 42.73% | -6.15 | 48.88% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.71 | $9 |
| Cost of Funds (%) | ▲ | 1.70% | -0.20 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,958 | +65.05 | $1,893 |
| Gross Loans ($M) | ▲ | $1,332 | +55.38 | $1,276 |
| Loan Growth YoY (%) | ▲ | 75.49% | +1.31 | 74.19% |
| Total Deposits ($M) | ▲ | $1,743 | +41.37 | $1,701 |
| Shareholders Equity ($M) | ▲ | $192 | +23.58 | $169 |
| Tang. Book Value ($M) | ▲ | $192 | +23.58 | $169 |
| TBV excl. AOCI ($M)** | ▲ | $214 | +24.53 | $190 |
| Loan / Deposit Ratio (%) | ▲ | 75.49% | +1.31 | 74.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.22% | 0.10% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.08% | +0.88 | 14.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.00% | 3.05% | 3.13% | 3.21% | 3.29% | 3.36% | 3.44% | 3.50% |
| ▁▂▂▄▄▇██ | Return on Assets (%) | 1.42% | 1.52% | 1.53% | 1.68% | 1.71% | 1.86% | 1.94% | 2.00% |
| █▇▆▅▄▃▁▁ | Efficiency Ratio (%) | 54.4% | 52.9% | 51.3% | 48.9% | 48.4% | 46.8% | 43.4% | 42.7% |
| █▇▇▅▅▁▁▁ | Cost of Funds (%) | 2.04% | 1.99% | 1.95% | 1.90% | 1.89% | 1.73% | 1.69% | 1.70% |
| ▁▁▁▅█▂▆█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.03% | 0.01% | 0.02% | 0.03% |
| ▁▂▂▅█▂▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.01% | 0.03% | 0.05% | 0.01% | 0.03% | 0.04% |
| ▂▁▃▄▆███ | Tang. Book Value ($M) | $160 | $150 | $161 | $169 | $177 | $189 | $187 | $192 |
| ▁▂▃▅█▆██ | Gross Loans ($M) | $1,204 | $1,233 | $1,251 | $1,276 | $1,324 | $1,300 | $1,334 | $1,332 |
| ▁█▂▂▅██▇ | Total Deposits ($M) | $1,689 | $1,755 | $1,700 | $1,701 | $1,723 | $1,749 | $1,749 | $1,743 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |