Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.13 | 0.80% |
| Return on Equity (%) | ▼ | 7.18% | -1.81 | 8.99% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.26 | 2.94% |
| Efficiency Ratio (%) | ▲ | 59.58% | -3.14 | 62.72% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.59 | $10 |
| Cost of Funds (%) | ▲ | 1.98% | -0.09 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,587 | +290.59 | $3,296 |
| Gross Loans ($M) | ▲ | $2,995 | +192.89 | $2,802 |
| Loan Growth YoY (%) | ▼ | 95.26% | -3.00 | 98.25% |
| Total Deposits ($M) | ▲ | $3,117 | +288.02 | $2,829 |
| Shareholders Equity ($M) | ▲ | $335 | +37.55 | $297 |
| Tang. Book Value ($M) | ▲ | $331 | +37.20 | $294 |
| TBV excl. AOCI ($M)** | ▲ | $340 | +39.14 | $301 |
| Loan / Deposit Ratio (%) | ▼ | 95.26% | -3.00 | 98.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.08 | 0.61% |
| Allowance / Loans (%) | — | 0.85% | 0.06% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.64% | -0.09 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.00% | +0.30 | 10.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆██ | Net Interest Margin (%) | 2.76% | 2.76% | 2.83% | 2.94% | 3.01% | 3.06% | 3.16% | 3.21% |
| ▄▄▇███▁▅ | Return on Assets (%) | 0.60% | 0.58% | 0.75% | 0.80% | 0.85% | 0.85% | 0.39% | 0.67% |
| ██▅▄▃▃▃▁ | Efficiency Ratio (%) | 67.4% | 67.2% | 64.0% | 62.7% | 61.8% | 61.7% | 61.8% | 59.6% |
| █▇▄▃▄▄▁▁ | Cost of Funds (%) | 2.32% | 2.26% | 2.13% | 2.07% | 2.13% | 2.11% | 2.00% | 1.98% |
| ▁▆▆▇██▇▆ | NPA / Assets (%) | 0.04% | 0.50% | 0.48% | 0.61% | 0.71% | 0.71% | 0.62% | 0.53% |
| ▁▆▆▇██▇▆ | Net Charge-Off Ratio (%) | 0.04% | 0.59% | 0.57% | 0.72% | 0.86% | 0.85% | 0.75% | 0.64% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $275 | $279 | $287 | $294 | $303 | $311 | $322 | $331 |
| ▁▂▃▄▄▅▆█ | Gross Loans ($M) | $2,614 | $2,698 | $2,754 | $2,802 | $2,796 | $2,851 | $2,888 | $2,995 |
| ▁▁▂▄▆▆▆█ | Total Deposits ($M) | $2,635 | $2,665 | $2,753 | $2,829 | $2,944 | $2,971 | $2,995 | $3,117 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 13% |