Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.01% | -0.00 | 2.02% |
| Return on Equity (%) | ▲ | 22.60% | +0.42 | 22.18% |
| Net Interest Margin (%) | ▼ | 3.82% | -0.04 | 3.87% |
| Efficiency Ratio (%) | ▲ | 45.35% | -0.07 | 45.42% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.85 | $7 |
| Cost of Funds (%) | ▲ | 1.90% | -0.16 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,474 | +187.35 | $1,287 |
| Gross Loans ($M) | ▲ | $1,210 | +113.16 | $1,096 |
| Loan Growth YoY (%) | ▼ | 90.97% | -3.98 | 94.94% |
| Total Deposits ($M) | ▲ | $1,314 | +172.82 | $1,141 |
| Shareholders Equity ($M) | ▲ | $134 | +13.52 | $120 |
| Tang. Book Value ($M) | ▲ | $134 | +13.52 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +14.42 | $126 |
| Loan / Deposit Ratio (%) | ▼ | 90.97% | -3.98 | 94.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.07 | 0.02% |
| Allowance / Loans (%) | — | 1.20% | -0.00% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.08 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.55% | -0.16 | 12.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▆▇ | Net Interest Margin (%) | 3.48% | 3.55% | 3.76% | 3.87% | 3.89% | 3.87% | 3.78% | 3.82% |
| ▁▂▆▇██▆▇ | Return on Assets (%) | 1.78% | 1.84% | 2.01% | 2.02% | 2.05% | 2.09% | 2.00% | 2.01% |
| █▇▄▂▂▁▃▂ | Efficiency Ratio (%) | 49.0% | 48.0% | 46.2% | 45.4% | 45.0% | 44.3% | 45.9% | 45.3% |
| █▇▃▅▄▁▂▁ | Cost of Funds (%) | 2.23% | 2.18% | 1.99% | 2.06% | 2.03% | 1.86% | 1.94% | 1.90% |
| ▁▄▅▂▂▁▅█ | NPA / Assets (%) | 0.01% | 0.04% | 0.05% | 0.02% | 0.02% | 0.00% | 0.06% | 0.09% |
| ▁▄▅▂▁▁▆█ | Net Charge-Off Ratio (%) | 0.01% | 0.05% | 0.06% | 0.03% | 0.01% | 0.00% | 0.07% | 0.11% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $114 | $113 | $118 | $120 | $126 | $129 | $131 | $134 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $1,006 | $1,033 | $1,045 | $1,096 | $1,129 | $1,146 | $1,166 | $1,210 |
| ▂▁▁▁▄█▆▇ | Total Deposits ($M) | $1,170 | $1,154 | $1,133 | $1,141 | $1,233 | $1,344 | $1,288 | $1,314 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 21% |