Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.42 | 0.91% |
| Return on Equity (%) | ▲ | 10.55% | +2.30 | 8.25% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.59 | 2.98% |
| Efficiency Ratio (%) | ▲ | 50.43% | -6.57 | 57.00% |
| Pre-Provision Profit ($M) | ▲ | $12 | +4.72 | $7 |
| Cost of Funds (%) | ▲ | 2.11% | -0.35 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,628 | +394.39 | $2,234 |
| Gross Loans ($M) | ▲ | $2,227 | +342.99 | $1,884 |
| Loan Growth YoY (%) | ▼ | 106.69% | -0.36 | 107.05% |
| Total Deposits ($M) | ▲ | $2,066 | +323.44 | $1,742 |
| Shareholders Equity ($M) | ▲ | $333 | +84.89 | $248 |
| Tang. Book Value ($M) | ▲ | $319 | +86.26 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $332 | +87.34 | $244 |
| Loan / Deposit Ratio (%) | ▼ | 106.69% | -0.36 | 107.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.15 | 0.36% |
| Allowance / Loans (%) | — | 1.05% | 0.03% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.15 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅██ | Net Interest Margin (%) | 2.74% | 2.80% | 2.90% | 2.98% | 3.17% | 3.25% | 3.49% | 3.57% |
| ▁▁▁▂▅▆▇█ | Return on Assets (%) | 0.82% | 0.83% | 0.84% | 0.91% | 1.12% | 1.15% | 1.26% | 1.33% |
| ███▇▃▃▂▁ | Efficiency Ratio (%) | 57.7% | 58.0% | 58.6% | 57.0% | 53.1% | 52.6% | 51.7% | 50.4% |
| █▇▆▅█▂▁▁ | Cost of Funds (%) | 2.62% | 2.57% | 2.46% | 2.46% | 2.67% | 2.23% | 2.18% | 2.11% |
| ▁▃▃▄▂▁▆█ | NPA / Assets (%) | 0.26% | 0.34% | 0.35% | 0.36% | 0.30% | 0.29% | 0.42% | 0.50% |
| ▁▃▃▄▂▁▅█ | Net Charge-Off Ratio (%) | 0.30% | 0.40% | 0.40% | 0.42% | 0.36% | 0.33% | 0.47% | 0.58% |
| ▁▁▁▂▇▇██ | Tang. Book Value ($M) | $220 | $220 | $225 | $232 | $297 | $303 | $309 | $319 |
| ▁▁▁▂▆▇██ | Gross Loans ($M) | $1,832 | $1,819 | $1,848 | $1,884 | $2,122 | $2,162 | $2,178 | $2,227 |
| ▁▁▁▂▇▇▇█ | Total Deposits ($M) | $1,683 | $1,691 | $1,704 | $1,742 | $1,990 | $2,016 | $1,997 | $2,066 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |