Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.15 | 0.33% |
| Return on Equity (%) | ▲ | 5.65% | +1.48 | 4.17% |
| Net Interest Margin (%) | ▲ | 2.62% | +0.51 | 2.11% |
| Efficiency Ratio (%) | ▲ | 75.85% | -5.82 | 81.67% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.16 | $2 |
| Cost of Funds (%) | ▲ | 2.22% | -0.43 | 2.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,068 | +41.40 | $2,027 |
| Gross Loans ($M) | ▲ | $1,700 | +56.12 | $1,644 |
| Loan Growth YoY (%) | ▲ | 94.05% | +2.06 | 91.99% |
| Total Deposits ($M) | ▲ | $1,799 | +19.90 | $1,779 |
| Shareholders Equity ($M) | ▲ | $176 | +15.74 | $161 |
| Tang. Book Value ($M) | ▲ | $176 | +15.74 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $191 | +15.47 | $176 |
| Loan / Deposit Ratio (%) | ▲ | 94.05% | +2.06 | 91.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.14 | 0.05% |
| Allowance / Loans (%) | — | 0.51% | 0.03% | 0.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.17 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.74% | +0.07 | 14.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 1.68% | 1.72% | 2.04% | 2.11% | 2.17% | 2.22% | 2.55% | 2.62% |
| ▁▁▆▆██▇█ | Return on Assets (%) | -0.03% | 0.01% | 0.33% | 0.33% | 0.44% | 0.45% | 0.39% | 0.48% |
| ██▂▂▁▁▂▁ | Efficiency Ratio (%) | 102.3% | 100.0% | 80.8% | 81.7% | 76.4% | 75.3% | 81.3% | 75.9% |
| █▇▅▅▅▃▁▁ | Cost of Funds (%) | 3.02% | 2.91% | 2.67% | 2.64% | 2.64% | 2.49% | 2.31% | 2.22% |
| ▁▂▁▁▃██▅ | NPA / Assets (%) | 0.07% | 0.08% | 0.05% | 0.05% | 0.11% | 0.25% | 0.28% | 0.19% |
| ▁▂▁▁▃██▅ | Net Charge-Off Ratio (%) | 0.08% | 0.10% | 0.06% | 0.06% | 0.13% | 0.31% | 0.34% | 0.23% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $159 | $153 | $159 | $161 | $168 | $173 | $173 | $176 |
| ▁▁▄▃▅▆▆█ | Gross Loans ($M) | $1,615 | $1,618 | $1,652 | $1,644 | $1,661 | $1,669 | $1,675 | $1,700 |
| ▁▂▃▆█▇█▇ | Total Deposits ($M) | $1,676 | $1,700 | $1,729 | $1,779 | $1,827 | $1,807 | $1,830 | $1,799 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 25% |