Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.04 | 1.29% |
| Return on Equity (%) | ▲ | 16.60% | +0.53 | 16.07% |
| Net Interest Margin (%) | ▼ | 3.98% | -0.01 | 4.00% |
| Efficiency Ratio (%) | ▲ | 57.33% | -1.17 | 58.50% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.62 | $4 |
| Cost of Funds (%) | ▼ | 2.02% | +0.09 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $874 | +148.19 | $726 |
| Gross Loans ($M) | ▲ | $720 | +127.19 | $593 |
| Loan Growth YoY (%) | ▲ | 90.98% | +2.23 | 88.75% |
| Total Deposits ($M) | ▲ | $785 | +122.66 | $662 |
| Shareholders Equity ($M) | ▲ | $74 | +14.79 | $59 |
| Tang. Book Value ($M) | ▲ | $74 | +14.79 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +14.79 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 90.98% | +2.23 | 88.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.07 | 0.08% |
| Allowance / Loans (%) | — | 0.76% | -0.03% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.11 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▆▇ | Net Interest Margin (%) | 3.55% | 3.64% | 3.86% | 4.00% | 4.04% | 4.05% | 3.92% | 3.98% |
| ▁▁▇▇██▇█ | Return on Assets (%) | 1.01% | 1.02% | 1.25% | 1.29% | 1.32% | 1.33% | 1.28% | 1.33% |
| ██▃▂▂▂▁▁ | Efficiency Ratio (%) | 64.5% | 65.0% | 59.6% | 58.5% | 58.6% | 58.6% | 57.7% | 57.3% |
| █▄▁▃▂▃▅▅ | Cost of Funds (%) | 2.15% | 1.96% | 1.84% | 1.93% | 1.92% | 1.93% | 2.01% | 2.02% |
| ▂▄▂▁█▃██ | NPA / Assets (%) | 0.10% | 0.11% | 0.10% | 0.08% | 0.16% | 0.10% | 0.16% | 0.15% |
| ██▇▁▇▃█▇ | Net Charge-Off Ratio (%) | 0.13% | 0.14% | 0.12% | 0.01% | 0.11% | 0.05% | 0.13% | 0.12% |
| ▁▁▁▂▄▅▆█ | Tang. Book Value ($M) | $57 | $55 | $58 | $59 | $63 | $66 | $67 | $74 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $522 | $559 | $566 | $593 | $627 | $669 | $693 | $720 |
| ▁▁▂▂▄▆██ | Total Deposits ($M) | $624 | $619 | $658 | $662 | $704 | $750 | $800 | $785 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |