Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.06% | -0.17 | 1.23% |
| Return on Equity (%) | ▼ | 7.15% | -1.25 | 8.40% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.36 | 4.09% |
| Efficiency Ratio (%) | ▼ | 56.48% | +3.82 | 52.65% |
| Pre-Provision Profit ($M) | ▼ | $12 | -1.55 | $13 |
| Cost of Funds (%) | ▲ | 1.41% | -0.16 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,325 | +362.58 | $2,962 |
| Gross Loans ($M) | ▲ | $2,504 | +175.44 | $2,328 |
| Loan Growth YoY (%) | ▼ | 92.15% | -4.37 | 96.52% |
| Total Deposits ($M) | ▲ | $2,702 | +301.45 | $2,401 |
| Shareholders Equity ($M) | ▲ | $489 | +47.95 | $442 |
| Tang. Book Value ($M) | ▲ | $358 | +45.69 | $312 |
| TBV excl. AOCI ($M)** | ▲ | $376 | +51.88 | $324 |
| Loan / Deposit Ratio (%) | ▼ | 92.15% | -4.37 | 96.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.01 | 0.45% |
| Allowance / Loans (%) | — | 0.54% | 0.07% | 0.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.01 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.98% | +1.07 | 14.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▇▇▇███ | Net Interest Margin (%) | 2.27% | 3.01% | 4.02% | 4.09% | 4.16% | 4.20% | 4.45% | 4.45% |
| ▁▄█████▆ | Return on Assets (%) | 0.30% | 0.74% | 1.20% | 1.23% | 1.28% | 1.31% | 1.27% | 1.06% |
| █▃▃▃▂▂▁▆ | Efficiency Ratio (%) | 60.3% | 53.3% | 53.4% | 52.7% | 51.8% | 51.5% | 49.5% | 56.5% |
| ▁█▇▇▆▅▅▅ | Cost of Funds (%) | 0.98% | 1.76% | 1.64% | 1.57% | 1.51% | 1.47% | 1.43% | 1.41% |
| ▆██▅█▃▁▅ | NPA / Assets (%) | 0.47% | 0.51% | 0.50% | 0.45% | 0.51% | 0.40% | 0.35% | 0.44% |
| ▅▇█▅█▃▁▅ | Net Charge-Off Ratio (%) | 0.59% | 0.64% | 0.65% | 0.57% | 0.66% | 0.52% | 0.47% | 0.58% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $284 | $292 | $302 | $312 | $324 | $341 | $351 | $358 |
| ▂▁▁▂▁▇▆█ | Gross Loans ($M) | $2,330 | $2,320 | $2,298 | $2,328 | $2,301 | $2,472 | $2,442 | $2,504 |
| ▁▁▂▂▂▇▇█ | Total Deposits ($M) | $2,346 | $2,345 | $2,412 | $2,401 | $2,402 | $2,620 | $2,652 | $2,702 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |