Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.49% | +0.13 | -0.61% |
| Return on Equity (%) | ▲ | -5.49% | +1.52 | -7.01% |
| Net Interest Margin (%) | ▼ | 1.80% | -0.33 | 2.13% |
| Efficiency Ratio (%) | ▲ | 116.89% | -13.91 | 130.80% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.57 | $-2 |
| Cost of Funds (%) | ▼ | 3.38% | +0.05 | 3.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,373 | +1098.66 | $1,275 |
| Gross Loans ($M) | ▲ | $1,142 | +493.39 | $649 |
| Loan Growth YoY (%) | ▼ | 53.28% | -5.40 | 58.67% |
| Total Deposits ($M) | ▲ | $2,113 | +1024.62 | $1,089 |
| Shareholders Equity ($M) | ▲ | $212 | +99.34 | $113 |
| Tang. Book Value ($M) | ▲ | $212 | +99.34 | $113 |
| TBV excl. AOCI ($M)** | ▲ | $268 | +127.03 | $141 |
| Loan / Deposit Ratio (%) | ▼ | 53.28% | -5.40 | 58.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Allowance / Loans (%) | — | 1.40% | -0.09% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.27% | -0.32 | 17.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▅▇█▆▁▁ | Net Interest Margin (%) | 2.24% | 2.15% | 2.04% | 2.13% | 2.19% | 2.13% | 1.84% | 1.80% |
| ▁▃▆██▆██ | Return on Assets (%) | -1.65% | -1.23% | -0.82% | -0.61% | -0.53% | -0.80% | -0.47% | -0.49% |
| ██▄▃▂▄▂▁ | Efficiency Ratio (%) | 162.1% | 160.7% | 137.7% | 130.8% | 126.3% | 138.2% | 123.4% | 116.9% |
| ▃▂▆▇█▁▂█ | Cost of Funds (%) | 3.12% | 3.09% | 3.26% | 3.34% | 3.39% | 3.00% | 3.09% | 3.38% |
| █▁▁▁▁▁▁▂ | NPA / Assets (%) | 0.48% | 0.04% | 0.02% | 0.00% | 0.01% | 0.05% | 0.02% | 0.06% |
| █▁▁▁▁▁▁▂ | Net Charge-Off Ratio (%) | 0.70% | 0.08% | 0.05% | 0.00% | 0.03% | 0.09% | 0.05% | 0.13% |
| ▁▂▄▃▄▅▇█ | Tang. Book Value ($M) | $56 | $82 | $115 | $113 | $130 | $144 | $175 | $212 |
| ▁▁▂▃▃▅▆█ | Gross Loans ($M) | $474 | $540 | $582 | $649 | $688 | $855 | $933 | $1,142 |
| ▁▂▃▃▄▅▇█ | Total Deposits ($M) | $540 | $934 | $983 | $1,089 | $1,152 | $1,390 | $1,808 | $2,113 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 10% |