Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +2.62 | -1.74% |
| Return on Equity (%) | ▲ | 4.32% | +12.92 | -8.60% |
| Net Interest Margin (%) | ▼ | 3.32% | -0.20 | 3.52% |
| Efficiency Ratio (%) | ▼ | 71.49% | +10.13 | 61.36% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.76 | $4 |
| Cost of Funds (%) | ▲ | 2.30% | -0.16 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,218 | +0.31 | $1,218 |
| Gross Loans ($M) | ▼ | $890 | -185.87 | $1,076 |
| Loan Growth YoY (%) | ▼ | 93.39% | -27.46 | 120.86% |
| Total Deposits ($M) | ▲ | $924 | +70.74 | $854 |
| Shareholders Equity ($M) | ▲ | $257 | +13.07 | $244 |
| Tang. Book Value ($M) | ▲ | $257 | +13.10 | $244 |
| TBV excl. AOCI ($M)** | ▲ | $262 | +13.38 | $249 |
| Loan / Deposit Ratio (%) | ▼ | 93.39% | -27.46 | 120.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.33% | -4.22 | 8.54% |
| Allowance / Loans (%) | — | 2.97% | -1.11% | 4.08% |
| Net Charge-Off Ratio (%) | ▲ | 5.92% | -3.75 | 9.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▂▃▃▃▁▁ | Net Interest Margin (%) | 4.00% | 3.92% | 3.45% | 3.52% | 3.55% | 3.49% | 3.28% | 3.32% |
| ██▄▁▃▄▅▆ | Return on Assets (%) | 1.78% | 1.37% | -0.27% | -1.74% | -0.81% | -0.32% | 0.26% | 0.88% |
| ▁▁▅▄▅▅█▇ | Efficiency Ratio (%) | 46.5% | 48.0% | 62.3% | 61.4% | 62.4% | 64.3% | 77.5% | 71.5% |
| █▆▄▄▂▁▁▁ | Cost of Funds (%) | 2.69% | 2.59% | 2.47% | 2.46% | 2.36% | 2.33% | 2.32% | 2.30% |
| ▁▁▄█▇▇▅▄ | NPA / Assets (%) | 0.20% | 0.84% | 3.86% | 8.54% | 7.16% | 6.51% | 4.76% | 4.33% |
| ▁▁▄█▇▇▆▅ | Net Charge-Off Ratio (%) | 0.23% | 0.96% | 4.37% | 9.67% | 8.43% | 8.35% | 6.47% | 5.92% |
| ▇▇▆▁▃▅▆█ | Tang. Book Value ($M) | $255 | $254 | $254 | $244 | $248 | $252 | $253 | $257 |
| ███▇▆▄▂▁ | Gross Loans ($M) | $1,093 | $1,111 | $1,100 | $1,076 | $1,032 | $978 | $925 | $890 |
| ▂▂▃▁▁▆█▅ | Total Deposits ($M) | $872 | $870 | $894 | $854 | $863 | $936 | $968 | $924 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Other | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 25% |