Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.21% | +0.08 | 0.13% |
| Return on Equity (%) | ▲ | 1.12% | +0.43 | 0.69% |
| Net Interest Margin (%) | ▲ | 2.42% | +0.32 | 2.09% |
| Efficiency Ratio (%) | ▲ | 88.38% | -4.47 | 92.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.72 | $0 |
| Cost of Funds (%) | ▲ | 1.98% | -0.14 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,316 | +32.96 | $1,283 |
| Gross Loans ($M) | ▲ | $917 | +94.17 | $823 |
| Loan Growth YoY (%) | ▲ | 93.51% | +7.07 | 86.44% |
| Total Deposits ($M) | ▲ | $974 | +28.68 | $945 |
| Shareholders Equity ($M) | ▲ | $241 | +5.91 | $235 |
| Tang. Book Value ($M) | ▲ | $230 | +6.22 | $224 |
| TBV excl. AOCI ($M)** | ▲ | $242 | +4.92 | $237 |
| Loan / Deposit Ratio (%) | ▲ | 93.51% | +7.07 | 86.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.03 | 0.08% |
| Allowance / Loans (%) | — | 0.76% | -0.02% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.03 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅██ | Net Interest Margin (%) | 1.89% | 1.91% | 2.02% | 2.09% | 2.15% | 2.18% | 2.36% | 2.42% |
| ▁▂▇▇▇▇██ | Return on Assets (%) | -0.25% | -0.16% | 0.12% | 0.13% | 0.12% | 0.14% | 0.16% | 0.21% |
| █▇▂▂▂▂▁▁ | Efficiency Ratio (%) | 108.0% | 104.2% | 91.7% | 92.9% | 92.5% | 91.3% | 90.6% | 88.4% |
| █▅▃▂▂▂▁▁ | Cost of Funds (%) | 2.69% | 2.38% | 2.21% | 2.12% | 2.05% | 2.04% | 1.95% | 1.98% |
| ▁▆▁▆▅█▃█ | NPA / Assets (%) | 0.01% | 0.08% | 0.02% | 0.08% | 0.07% | 0.10% | 0.04% | 0.11% |
| ▁▆▁▇▆█▃█ | Net Charge-Off Ratio (%) | 0.02% | 0.12% | 0.03% | 0.13% | 0.11% | 0.14% | 0.06% | 0.16% |
| ▃▁▂▄▆███ | Tang. Book Value ($M) | $223 | $219 | $222 | $224 | $226 | $229 | $229 | $230 |
| ▁▂▂▂▄▅▇█ | Gross Loans ($M) | $805 | $829 | $826 | $823 | $853 | $872 | $892 | $917 |
| ▁▁▂▂▃▄▅█ | Total Deposits ($M) | $938 | $936 | $942 | $945 | $950 | $955 | $957 | $974 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 20% |