Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.60% | -0.12 | 1.72% |
| Return on Equity (%) | ▼ | 17.31% | -2.36 | 19.67% |
| Net Interest Margin (%) | ▼ | 4.29% | -0.16 | 4.45% |
| Efficiency Ratio (%) | ▼ | 61.94% | +1.98 | 59.96% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.37 | $4 |
| Cost of Funds (%) | ▲ | 1.49% | -0.09 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $830 | +67.91 | $762 |
| Gross Loans ($M) | ▼ | $503 | -10.47 | $514 |
| Loan Growth YoY (%) | ▼ | 66.65% | -7.40 | 74.05% |
| Total Deposits ($M) | ▲ | $747 | +60.18 | $687 |
| Shareholders Equity ($M) | ▲ | $77 | +7.00 | $70 |
| Tang. Book Value ($M) | ▲ | $76 | +7.00 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +7.18 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 66.65% | -7.40 | 74.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.30 | 0.30% |
| Allowance / Loans (%) | — | 1.09% | 0.07% | 1.02% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.31% | +0.98 | 14.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅███▄▄ | Net Interest Margin (%) | 4.11% | 4.20% | 4.31% | 4.45% | 4.47% | 4.47% | 4.27% | 4.29% |
| ▂▂▁▇█▆▂▃ | Return on Assets (%) | 1.60% | 1.59% | 1.54% | 1.72% | 1.78% | 1.70% | 1.58% | 1.60% |
| ▇█▇▂▁▄▆▆ | Efficiency Ratio (%) | 62.4% | 63.3% | 62.7% | 60.0% | 59.3% | 61.2% | 61.9% | 61.9% |
| █▂▁▇▂▂▃▂ | Cost of Funds (%) | 1.63% | 1.49% | 1.45% | 1.58% | 1.48% | 1.49% | 1.51% | 1.49% |
| █▆█▆▃▁▂▁ | NPA / Assets (%) | 0.44% | 0.34% | 0.47% | 0.30% | 0.15% | 0.00% | 0.08% | 0.00% |
| ▇▆█▁▁▁▂▁ | Net Charge-Off Ratio (%) | 0.61% | 0.56% | 0.76% | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $67 | $67 | $68 | $69 | $73 | $74 | $76 | $76 |
| ▁▃▅██▇▅▆ | Gross Loans ($M) | $469 | $485 | $497 | $514 | $517 | $509 | $498 | $503 |
| ▆▆▅▁▆█▅█ | Total Deposits ($M) | $727 | $729 | $719 | $687 | $731 | $748 | $721 | $747 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 7% |