Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.31% | -0.02 | 1.33% |
| Return on Equity (%) | ▼ | 16.45% | -2.29 | 18.74% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.32 | 4.02% |
| Efficiency Ratio (%) | ▼ | 61.76% | +6.70 | 55.06% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.09 | $5 |
| Cost of Funds (%) | ▲ | 1.52% | -0.49 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,362 | +252.27 | $1,110 |
| Gross Loans ($M) | ▲ | $810 | +106.40 | $703 |
| Loan Growth YoY (%) | ▼ | 65.94% | -2.52 | 68.46% |
| Total Deposits ($M) | ▲ | $1,214 | +197.64 | $1,016 |
| Shareholders Equity ($M) | ▲ | $112 | +32.28 | $80 |
| Tang. Book Value ($M) | ▲ | $100 | +27.00 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +32.10 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 65.94% | -2.52 | 68.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.19% | +1.91 | 0.28% |
| Allowance / Loans (%) | — | 1.15% | 0.07% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 3.40% | +3.17 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.37% | -0.05 | 13.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 3.76% | 3.80% | 4.04% | 4.02% | 4.07% | 4.10% | 4.42% | 4.34% |
| ▇▃▄▁█▅▂▁ | Return on Assets (%) | 1.86% | 1.54% | 1.60% | 1.33% | 1.95% | 1.64% | 1.44% | 1.31% |
| ▄▅▅▆▁▃▇█ | Efficiency Ratio (%) | 52.0% | 53.6% | 53.6% | 55.1% | 43.1% | 47.9% | 58.3% | 61.8% |
| █▆▅▅▅▂▁▁ | Cost of Funds (%) | 2.41% | 2.08% | 1.90% | 2.00% | 1.92% | 1.64% | 1.39% | 1.52% |
| ▄▆▃▁▂█▇█ | NPA / Assets (%) | 1.11% | 1.50% | 0.78% | 0.28% | 0.74% | 2.15% | 1.91% | 2.19% |
| ▄▆▃▁▂█▇█ | Net Charge-Off Ratio (%) | 1.74% | 2.43% | 1.23% | 0.23% | 0.92% | 3.38% | 2.93% | 3.40% |
| ▁▁▁▁▄▅▇█ | Tang. Book Value ($M) | $73 | $72 | $74 | $73 | $85 | $88 | $95 | $100 |
| ▁▁▁▁▃▂██ | Gross Loans ($M) | $699 | $704 | $702 | $703 | $736 | $718 | $817 | $810 |
| ▁▂▂▁▁▃██ | Total Deposits ($M) | $997 | $1,048 | $1,026 | $1,016 | $998 | $1,078 | $1,225 | $1,214 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 16% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |