Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.21 | 1.11% |
| Return on Equity (%) | ▼ | 6.74% | -2.77 | 9.51% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.20 | 3.84% |
| Efficiency Ratio (%) | ▲ | 67.51% | -4.96 | 72.47% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.68 | $2 |
| Cost of Funds (%) | ▲ | 2.05% | -0.14 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $893 | -34.73 | $928 |
| Gross Loans ($M) | ▲ | $707 | +30.76 | $676 |
| Loan Growth YoY (%) | ▲ | 92.69% | +9.28 | 83.41% |
| Total Deposits ($M) | ▼ | $754 | -44.78 | $798 |
| Shareholders Equity ($M) | ▲ | $122 | +10.85 | $111 |
| Tang. Book Value ($M) | ▲ | $117 | +12.30 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +11.94 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 92.69% | +9.28 | 83.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.06 | 0.47% |
| Allowance / Loans (%) | — | 1.23% | -0.32% | 1.55% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.02 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.11% | +0.92 | 14.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▄▄▄██ | Net Interest Margin (%) | 3.66% | 3.76% | 3.82% | 3.84% | 3.82% | 3.83% | 4.01% | 4.04% |
| ▁▁████▇▇ | Return on Assets (%) | -0.14% | -0.06% | 1.14% | 1.11% | 1.03% | 0.98% | 0.85% | 0.90% |
| ██▃▃▃▃▁▁ | Efficiency Ratio (%) | 84.3% | 85.7% | 72.9% | 72.5% | 72.8% | 72.5% | 68.2% | 67.5% |
| ▇█▆▅▇▃▁▂ | Cost of Funds (%) | 2.33% | 2.39% | 2.24% | 2.19% | 2.30% | 2.11% | 1.96% | 2.05% |
| ▁▂▂▁█▇█▂ | NPA / Assets (%) | 0.35% | 0.51% | 0.61% | 0.47% | 1.33% | 1.27% | 1.41% | 0.53% |
| ▁▂▃▂█▇█▂ | Net Charge-Off Ratio (%) | 0.47% | 0.70% | 0.84% | 0.64% | 1.73% | 1.60% | 1.83% | 0.67% |
| ▁▁▂▃▆▇▇█ | Tang. Book Value ($M) | $97 | $98 | $102 | $105 | $110 | $112 | $114 | $117 |
| ▆▁▁▁▄█▇▇ | Gross Loans ($M) | $703 | $676 | $677 | $676 | $691 | $712 | $706 | $707 |
| ▅▆█▆▂▂▄▁ | Total Deposits ($M) | $789 | $797 | $818 | $798 | $763 | $763 | $783 | $754 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |