Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.22% | -0.16 | 0.38% |
| Return on Equity (%) | ▼ | 1.95% | -1.79 | 3.74% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.07 | 3.13% |
| Efficiency Ratio (%) | ▼ | 90.17% | +6.03 | 84.14% |
| Pre-Provision Profit ($M) | ▼ | $0 | -2.09 | $3 |
| Cost of Funds (%) | ▲ | 2.38% | -0.50 | 2.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,007 | -42.46 | $1,050 |
| Gross Loans ($M) | ▼ | $803 | -48.19 | $851 |
| Loan Growth YoY (%) | ▼ | 94.61% | -6.96 | 101.57% |
| Total Deposits ($M) | ▲ | $837 | +11.91 | $826 |
| Shareholders Equity ($M) | ▲ | $115 | +6.45 | $108 |
| Tang. Book Value ($M) | ▲ | $114 | +6.11 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +5.52 | $114 |
| Loan / Deposit Ratio (%) | ▼ | 94.61% | -6.96 | 101.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.50 | 0.06% |
| Allowance / Loans (%) | — | 1.29% | -0.17% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.62 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.14% | +0.74 | 13.39% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅██▆▆ | Net Interest Margin (%) | 2.36% | 2.38% | 2.49% | 3.13% | 3.69% | 3.57% | 3.32% | 3.20% |
| ▂▁▅▅█▇▂▁ | Return on Assets (%) | 0.27% | 0.24% | 0.39% | 0.38% | 0.54% | 0.50% | 0.27% | 0.22% |
| ▆▅█▃▁▁▄▅ | Efficiency Ratio (%) | 91.1% | 90.6% | 97.8% | 84.1% | 79.2% | 80.8% | 86.4% | 90.2% |
| ██▆▅▄▃▁▁ | Cost of Funds (%) | 3.40% | 3.36% | 3.05% | 2.88% | 2.86% | 2.62% | 2.34% | 2.38% |
| ▃▂▇▁▁▇▇█ | NPA / Assets (%) | 0.20% | 0.13% | 0.45% | 0.06% | 0.05% | 0.47% | 0.46% | 0.56% |
| ▃▂▇▁▁▇▇█ | Net Charge-Off Ratio (%) | 0.26% | 0.17% | 0.57% | 0.04% | 0.04% | 0.55% | 0.55% | 0.66% |
| ▁▁▂▃▆███ | Tang. Book Value ($M) | $105 | $104 | $106 | $108 | $111 | $113 | $113 | $114 |
| █▄▃█▂▁▁▂ | Gross Loans ($M) | $854 | $822 | $814 | $851 | $804 | $799 | $793 | $803 |
| █▃▁▁▄▁▁▁ | Total Deposits ($M) | $927 | $855 | $826 | $826 | $873 | $836 | $826 | $837 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 31% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |