Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.06% | +3.48 | 0.58% |
| Return on Equity (%) | ▲ | 12.77% | +9.62 | 3.15% |
| Net Interest Margin (%) | ▲ | 4.51% | +2.90 | 1.61% |
| Efficiency Ratio (%) | ▲ | 20.61% | -82.96 | 103.57% |
| Pre-Provision Profit ($M) | ▲ | $52 | +43.90 | $8 |
| Cost of Funds (%) | ▲ | 2.12% | -0.91 | 3.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,160 | -2412.21 | $5,573 |
| Gross Loans ($M) | ▲ | $454 | +70.86 | $383 |
| Loan Growth YoY (%) | ▲ | 49.02% | +34.23 | 14.79% |
| Total Deposits ($M) | ▼ | $913 | -1594.12 | $2,507 |
| Shareholders Equity ($M) | ▼ | $997 | -166.73 | $1,164 |
| Tang. Book Value ($M) | ▼ | $997 | -166.73 | $1,164 |
| TBV excl. AOCI ($M)** | ▼ | $1,064 | -327.60 | $1,392 |
| Loan / Deposit Ratio (%) | ▲ | 49.02% | +34.23 | 14.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.80% | +2.87 | 0.92% |
| Allowance / Loans (%) | — | 1.47% | -1.81% | 3.28% |
| Net Charge-Off Ratio (%) | ▼ | 25.76% | +13.23 | 12.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 135.52% | -93.36 | 228.87% |
Noninterest income ($8.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▁▁█ | Net Interest Margin (%) | 1.83% | 1.79% | 1.87% | 1.61% | 1.55% | 1.62% | 1.92% | 4.51% |
| ▇█▁▁▁▁▅█ | Return on Assets (%) | 3.31% | 3.99% | 0.56% | 0.58% | 0.31% | 0.58% | 2.39% | 4.06% |
| ▁▁█▃▄▂▁▁ | Efficiency Ratio (%) | 21.4% | 17.4% | 297.6% | 103.6% | 129.3% | 80.4% | 28.6% | 20.6% |
| █▆█▆▄▄▁▁ | Cost of Funds (%) | 3.37% | 3.13% | 3.47% | 3.03% | 2.77% | 2.68% | 2.19% | 2.12% |
| ▁▁▁▁▁██▇ | NPA / Assets (%) | 0.92% | 0.80% | 0.83% | 0.92% | 0.53% | 3.93% | 4.34% | 3.80% |
| ▁▁▃▃▁██▆ | Net Charge-Off Ratio (%) | 3.02% | 5.23% | 12.57% | 12.53% | 5.63% | 34.06% | 36.60% | 25.76% |
| ▂▅████▁▂ | Tang. Book Value ($M) | $1,005 | $1,100 | $1,167 | $1,164 | $1,163 | $1,184 | $961 | $997 |
| █▄▁▁▁▁▁▁ | Gross Loans ($M) | $1,654 | $947 | $387 | $383 | $347 | $399 | $366 | $454 |
| ▇██▄▃▁▁▁ | Total Deposits ($M) | $3,530 | $4,178 | $3,814 | $2,507 | $1,777 | $1,125 | $947 | $913 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 49% |