Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.31% | -0.98 | -0.34% |
| Return on Equity (%) | ▼ | -9.78% | -7.18 | -2.60% |
| Net Interest Margin (%) | ▲ | 2.43% | +0.18 | 2.25% |
| Efficiency Ratio (%) | ▲ | 111.79% | -0.17 | 111.96% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.93 | $-1 |
| Cost of Funds (%) | ▼ | 2.33% | +0.08 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,890 | -233.36 | $2,123 |
| Gross Loans ($M) | ▼ | $1,668 | -5.51 | $1,673 |
| Loan Growth YoY (%) | ▲ | 134.55% | +20.38 | 114.17% |
| Total Deposits ($M) | ▼ | $1,229 | -225.02 | $1,454 |
| Shareholders Equity ($M) | ▲ | $280 | +11.75 | $268 |
| Tang. Book Value ($M) | ▲ | $280 | +11.88 | $268 |
| TBV excl. AOCI ($M)** | ▲ | $284 | +0.20 | $284 |
| Loan / Deposit Ratio (%) | ▲ | 134.55% | +20.38 | 114.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.66 | 0.30% |
| Allowance / Loans (%) | — | 0.86% | 0.06% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.45 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.94% | +0.83 | 18.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇▇█ | Net Interest Margin (%) | 1.94% | 1.94% | 2.18% | 2.25% | 2.29% | 2.34% | 2.34% | 2.43% |
| ▇▇▇███▃▁ | Return on Assets (%) | -0.47% | -0.45% | -0.43% | -0.34% | -0.29% | -0.29% | -0.96% | -1.31% |
| ▇▇▄▂▁▁█▂ | Efficiency Ratio (%) | 127.5% | 126.3% | 117.8% | 112.0% | 109.0% | 107.9% | 132.3% | 111.8% |
| █▇▃▁▁▂▂▄ | Cost of Funds (%) | 2.46% | 2.43% | 2.32% | 2.25% | 2.25% | 2.29% | 2.30% | 2.33% |
| ▁▁▁▁▄▄▄█ | NPA / Assets (%) | 0.25% | 0.25% | 0.27% | 0.30% | 0.53% | 0.53% | 0.55% | 0.95% |
| ▁▁▁▁▆▆▂█ | Net Charge-Off Ratio (%) | 0.33% | 0.32% | 0.35% | 0.38% | 0.66% | 0.67% | 0.44% | 0.82% |
| ▃▂▁▁▁▁██ | Tang. Book Value ($M) | $272 | $271 | $269 | $268 | $270 | $270 | $280 | $280 |
| ▁▂▄▆█▇▇▆ | Gross Loans ($M) | $1,551 | $1,583 | $1,626 | $1,673 | $1,715 | $1,691 | $1,691 | $1,668 |
| ▄▅▆▆███▁ | Total Deposits ($M) | $1,371 | $1,390 | $1,429 | $1,454 | $1,522 | $1,536 | $1,545 | $1,229 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 11% |