Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.37 | 0.81% |
| Return on Equity (%) | ▲ | 13.66% | +3.05 | 10.61% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.60 | 2.80% |
| Efficiency Ratio (%) | ▲ | 53.21% | -5.59 | 58.80% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.64 | $9 |
| Cost of Funds (%) | ▲ | 1.82% | -0.32 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,440 | +57.74 | $2,383 |
| Gross Loans ($M) | ▲ | $1,676 | +106.87 | $1,569 |
| Loan Growth YoY (%) | ▲ | 77.46% | +5.07 | 72.40% |
| Total Deposits ($M) | ▼ | $2,141 | -2.84 | $2,144 |
| Shareholders Equity ($M) | ▲ | $215 | +29.97 | $185 |
| Tang. Book Value ($M) | ▲ | $215 | +29.97 | $185 |
| TBV excl. AOCI ($M)** | ▲ | $247 | +28.43 | $218 |
| Loan / Deposit Ratio (%) | ▲ | 77.46% | +5.07 | 72.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.05 | 0.19% |
| Allowance / Loans (%) | — | 1.02% | -0.04% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.07 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.02% | +0.11 | 13.91% |
Noninterest income ($3.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.31% | 2.40% | 2.69% | 2.80% | 2.88% | 2.96% | 3.27% | 3.40% |
| ▁▁▄▅▅▅██ | Return on Assets (%) | 0.40% | 0.48% | 0.71% | 0.81% | 0.80% | 0.80% | 1.14% | 1.18% |
| █▇▅▃▃▄▁▁ | Efficiency Ratio (%) | 70.7% | 68.3% | 63.1% | 58.8% | 59.3% | 60.1% | 52.7% | 53.2% |
| █▇▅▅▅▃▁▁ | Cost of Funds (%) | 2.46% | 2.34% | 2.19% | 2.14% | 2.18% | 2.03% | 1.89% | 1.82% |
| ▃▁█▂▃▅▄█ | NPA / Assets (%) | 0.19% | 0.17% | 0.24% | 0.19% | 0.20% | 0.21% | 0.20% | 0.24% |
| ▁▁▆▆▇█▆█ | Net Charge-Off Ratio (%) | 0.07% | 0.08% | 0.19% | 0.19% | 0.22% | 0.24% | 0.21% | 0.25% |
| ▂▁▂▂▆▇▇█ | Tang. Book Value ($M) | $185 | $176 | $183 | $185 | $201 | $206 | $210 | $215 |
| ▁▁▁▃▅▅▇█ | Gross Loans ($M) | $1,525 | $1,513 | $1,530 | $1,569 | $1,595 | $1,612 | $1,637 | $1,676 |
| ▁▆▆▇▆█▇▇ | Total Deposits ($M) | $1,961 | $2,130 | $2,114 | $2,144 | $2,130 | $2,198 | $2,143 | $2,141 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |