Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.42 | 0.73% |
| Return on Equity (%) | ▲ | 8.23% | +2.42 | 5.81% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.62 | 3.01% |
| Efficiency Ratio (%) | ▲ | 60.29% | -11.09 | 71.38% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.54 | $4 |
| Cost of Funds (%) | ▲ | 1.43% | -0.24 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,435 | -46.58 | $1,482 |
| Gross Loans ($M) | ▼ | $1,065 | -12.72 | $1,078 |
| Loan Growth YoY (%) | ▲ | 87.16% | +3.66 | 83.50% |
| Total Deposits ($M) | ▼ | $1,211 | -66.24 | $1,277 |
| Shareholders Equity ($M) | ▲ | $209 | +16.61 | $192 |
| Tang. Book Value ($M) | ▲ | $208 | +16.63 | $192 |
| TBV excl. AOCI ($M)** | ▲ | $223 | +16.05 | $207 |
| Loan / Deposit Ratio (%) | ▲ | 87.16% | +3.66 | 83.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.18 | 0.53% |
| Allowance / Loans (%) | — | 0.91% | -0.15% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.27 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 2.49% | 2.53% | 2.97% | 3.01% | 3.03% | 3.12% | 3.56% | 3.63% |
| ▁▁▅▄▄▁██ | Return on Assets (%) | 0.32% | 0.36% | 0.82% | 0.73% | 0.66% | 0.32% | 1.09% | 1.15% |
| ██▇▆▆▅▃▁ | Efficiency Ratio (%) | 76.2% | 76.3% | 74.2% | 71.4% | 71.3% | 69.5% | 64.4% | 60.3% |
| ▇█▄▃▃▄▁▁ | Cost of Funds (%) | 1.98% | 2.09% | 1.75% | 1.67% | 1.64% | 1.70% | 1.44% | 1.43% |
| ▁▆██▇▇█▅ | NPA / Assets (%) | 0.04% | 0.43% | 0.59% | 0.53% | 0.51% | 0.46% | 0.58% | 0.35% |
| ▁▆███▇█▅ | Net Charge-Off Ratio (%) | 0.06% | 0.59% | 0.79% | 0.73% | 0.72% | 0.62% | 0.78% | 0.46% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $183 | $181 | $188 | $192 | $196 | $200 | $203 | $208 |
| ██▇▄▇▆▄▁ | Gross Loans ($M) | $1,092 | $1,096 | $1,089 | $1,078 | $1,091 | $1,085 | $1,080 | $1,065 |
| ▇▇▅▅█▄▁▁ | Total Deposits ($M) | $1,304 | $1,308 | $1,275 | $1,277 | $1,327 | $1,263 | $1,221 | $1,211 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |