Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.00% | -0.26 | 2.26% |
| Return on Equity (%) | ▼ | 11.98% | -2.59 | 14.57% |
| Net Interest Margin (%) | ▼ | 4.93% | -0.30 | 5.23% |
| Efficiency Ratio (%) | ▼ | 39.76% | +0.44 | 39.32% |
| Pre-Provision Profit ($M) | ▼ | $15 | -0.30 | $16 |
| Cost of Funds (%) | ▲ | 2.17% | -0.48 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,111 | +142.66 | $1,968 |
| Gross Loans ($M) | ▲ | $1,918 | +124.41 | $1,793 |
| Loan Growth YoY (%) | ▲ | 123.94% | +4.11 | 119.83% |
| Total Deposits ($M) | ▲ | $1,544 | +50.84 | $1,493 |
| Shareholders Equity ($M) | ▲ | $352 | +35.60 | $316 |
| Tang. Book Value ($M) | ▲ | $352 | +35.60 | $316 |
| TBV excl. AOCI ($M)** | ▲ | $354 | +35.87 | $318 |
| Loan / Deposit Ratio (%) | ▲ | 123.94% | +4.11 | 119.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Allowance / Loans (%) | — | 0.25% | -0.02% | 0.26% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.05% | +0.33 | 14.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▃▄▄▄▁▁ | Net Interest Margin (%) | 5.72% | 5.61% | 5.13% | 5.23% | 5.26% | 5.25% | 4.93% | 4.93% |
| █▇▃▄▄▄▁▁ | Return on Assets (%) | 2.65% | 2.52% | 2.19% | 2.26% | 2.31% | 2.28% | 2.03% | 2.00% |
| ▁▁█▇▅▆█▇ | Efficiency Ratio (%) | 34.9% | 35.2% | 40.3% | 39.3% | 38.4% | 38.8% | 40.7% | 39.8% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 3.07% | 3.06% | 2.92% | 2.65% | 2.61% | 2.56% | 2.35% | 2.17% |
| ███▂▁▁▁▁ | NPA / Assets (%) | 0.28% | 0.26% | 0.27% | 0.04% | 0.03% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $288 | $293 | $304 | $316 | $329 | $340 | $341 | $352 |
| ▂▄▁▃▇▆▅█ | Gross Loans ($M) | $1,746 | $1,797 | $1,721 | $1,793 | $1,870 | $1,857 | $1,825 | $1,918 |
| ▇█▅▁▂▆▇▃ | Total Deposits ($M) | $1,633 | $1,676 | $1,593 | $1,493 | $1,527 | $1,623 | $1,636 | $1,544 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 26% |