Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.40 | 1.55% |
| Return on Equity (%) | ▲ | 20.03% | +4.10 | 15.93% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.59 | 3.84% |
| Efficiency Ratio (%) | ▲ | 39.65% | -5.38 | 45.03% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.81 | $6 |
| Cost of Funds (%) | ▲ | 1.55% | -0.27 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,184 | +93.77 | $1,091 |
| Gross Loans ($M) | ▲ | $894 | +68.68 | $825 |
| Loan Growth YoY (%) | ▼ | 84.11% | -2.47 | 86.58% |
| Total Deposits ($M) | ▲ | $1,048 | +108.49 | $939 |
| Shareholders Equity ($M) | ▲ | $113 | +5.48 | $108 |
| Tang. Book Value ($M) | ▲ | $113 | +5.48 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +6.06 | $115 |
| Loan / Deposit Ratio (%) | ▼ | 84.11% | -2.47 | 86.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.06 | 0.06% |
| Allowance / Loans (%) | — | 1.40% | -0.04% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.08 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.48% | -0.45 | 12.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 3.51% | 3.55% | 3.74% | 3.84% | 3.96% | 4.01% | 4.46% | 4.44% |
| ▁▁▃▃▄▄██ | Return on Assets (%) | 1.36% | 1.39% | 1.58% | 1.55% | 1.65% | 1.66% | 1.98% | 1.95% |
| ██▅▆▅▅▁▂ | Efficiency Ratio (%) | 48.1% | 47.9% | 43.4% | 45.0% | 43.1% | 43.3% | 37.5% | 39.6% |
| █▆▆▅▄▂▃▁ | Cost of Funds (%) | 2.04% | 1.91% | 1.89% | 1.82% | 1.77% | 1.66% | 1.70% | 1.55% |
| ▂▁█▁▁▁▁▁ | NPA / Assets (%) | 0.13% | 0.05% | 0.97% | 0.06% | 0.06% | 0.04% | 0.00% | 0.00% |
| ▁▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 1.27% | 0.09% | 0.08% | 0.05% | 0.00% | 0.00% |
| ▁▁▄▃▇▅█▆ | Tang. Book Value ($M) | $105 | $104 | $110 | $108 | $114 | $111 | $117 | $113 |
| ▄▂▁▁▂▄██ | Gross Loans ($M) | $851 | $841 | $833 | $825 | $839 | $852 | $893 | $894 |
| ▁▄▁▁▁▅▇█ | Total Deposits ($M) | $934 | $989 | $934 | $939 | $933 | $993 | $1,033 | $1,048 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |