Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.17 | 0.80% |
| Return on Equity (%) | ▼ | 5.75% | -1.71 | 7.46% |
| Net Interest Margin (%) | ▼ | 4.22% | -0.08 | 4.30% |
| Efficiency Ratio (%) | ▼ | 75.36% | +1.57 | 73.79% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.20 | $4 |
| Cost of Funds (%) | — | 2.23% | 0.00 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,475 | +178.60 | $1,296 |
| Gross Loans ($M) | ▲ | $1,207 | +204.60 | $1,003 |
| Loan Growth YoY (%) | ▲ | 99.69% | +6.76 | 92.93% |
| Total Deposits ($M) | ▲ | $1,195 | +130.60 | $1,064 |
| Shareholders Equity ($M) | ▲ | $157 | +13.64 | $143 |
| Tang. Book Value ($M) | ▲ | $139 | +13.76 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $147 | +14.59 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 99.69% | +6.76 | 92.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Allowance / Loans (%) | — | 1.35% | -0.03% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▂▄▄▃▁▂ | Net Interest Margin (%) | 4.56% | 4.47% | 4.19% | 4.30% | 4.33% | 4.29% | 4.13% | 4.22% |
| ▁▁▇██▇▄▃ | Return on Assets (%) | 0.56% | 0.54% | 0.76% | 0.80% | 0.80% | 0.77% | 0.65% | 0.63% |
| ██▄▁▁▃▇▃ | Efficiency Ratio (%) | 78.4% | 78.7% | 76.1% | 73.8% | 73.7% | 75.5% | 77.5% | 75.4% |
| █▆▇▂▃▃▁▂ | Cost of Funds (%) | 2.32% | 2.28% | 2.29% | 2.23% | 2.25% | 2.25% | 2.20% | 2.23% |
| ▇▇▁▁▁▄██ | NPA / Assets (%) | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.02% | 0.04% | 0.05% |
| ▁▁▁▁▁▄██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.05% | 0.06% |
| ▁▁▃▅▇███ | Tang. Book Value ($M) | $103 | $105 | $114 | $125 | $132 | $136 | $138 | $139 |
| ▁▂▃▃▄▅▆█ | Gross Loans ($M) | $880 | $933 | $967 | $1,003 | $1,033 | $1,069 | $1,107 | $1,207 |
| ▁▄▄▅▅▇▇█ | Total Deposits ($M) | $886 | $1,032 | $1,037 | $1,064 | $1,068 | $1,123 | $1,141 | $1,195 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 17% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 12% |