Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.31 | 1.55% |
| Return on Equity (%) | ▲ | 20.97% | +2.65 | 18.32% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.27 | 3.70% |
| Efficiency Ratio (%) | ▲ | 43.43% | -4.86 | 48.29% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.40 | $4 |
| Cost of Funds (%) | ▲ | 1.74% | -0.04 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $995 | +147.43 | $847 |
| Gross Loans ($M) | ▲ | $761 | +93.10 | $668 |
| Loan Growth YoY (%) | ▼ | 84.02% | -2.42 | 86.44% |
| Total Deposits ($M) | ▲ | $897 | +131.81 | $765 |
| Shareholders Equity ($M) | ▲ | $87 | +14.48 | $73 |
| Tang. Book Value ($M) | ▲ | $86 | +14.55 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +14.81 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 84.02% | -2.42 | 86.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.02 | 0.08% |
| Allowance / Loans (%) | — | 0.99% | -0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.03 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.74% | +0.29 | 12.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.47% | 3.50% | 3.55% | 3.70% | 3.79% | 3.87% | 3.95% | 3.97% |
| ▁▁▁▃▄▅▇█ | Return on Assets (%) | 1.44% | 1.47% | 1.46% | 1.55% | 1.61% | 1.66% | 1.76% | 1.86% |
| ███▆▆▅▂▁ | Efficiency Ratio (%) | 50.0% | 49.5% | 49.4% | 48.3% | 47.8% | 47.1% | 44.9% | 43.4% |
| █▇▅▃▃▁▁▂ | Cost of Funds (%) | 2.03% | 1.97% | 1.87% | 1.77% | 1.76% | 1.70% | 1.66% | 1.74% |
| ▄▅▁▃▂█▆▁ | NPA / Assets (%) | 0.10% | 0.11% | 0.07% | 0.08% | 0.08% | 0.14% | 0.11% | 0.06% |
| ▅▆▁▃▂█▆▁ | Net Charge-Off Ratio (%) | 0.13% | 0.14% | 0.09% | 0.11% | 0.09% | 0.17% | 0.14% | 0.08% |
| ▁▁▂▂▄▅▇█ | Tang. Book Value ($M) | $68 | $69 | $70 | $71 | $75 | $79 | $82 | $86 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $622 | $627 | $649 | $668 | $693 | $713 | $743 | $761 |
| ▁▁▁▁▂▃▅█ | Total Deposits ($M) | $747 | $765 | $757 | $765 | $783 | $785 | $824 | $897 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 12% |