Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +1.18 | -0.16% |
| Return on Equity (%) | ▲ | 9.66% | +11.07 | -1.41% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.55 | 2.99% |
| Efficiency Ratio (%) | ▲ | 60.95% | -11.76 | 72.71% |
| Pre-Provision Profit ($M) | ▲ | $14 | +5.77 | $8 |
| Cost of Funds (%) | — | 1.11% | 0.00 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,856 | +130.44 | $3,726 |
| Gross Loans ($M) | ▲ | $2,101 | +27.34 | $2,074 |
| Loan Growth YoY (%) | ▼ | 61.23% | -1.15 | 62.38% |
| Total Deposits ($M) | ▲ | $3,395 | +118.45 | $3,276 |
| Shareholders Equity ($M) | ▲ | $416 | +8.77 | $407 |
| Tang. Book Value ($M) | ▲ | $342 | +9.59 | $332 |
| TBV excl. AOCI ($M)** | ▲ | $404 | +10.97 | $393 |
| Loan / Deposit Ratio (%) | ▼ | 61.23% | -1.15 | 62.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.65 | 0.87% |
| Allowance / Loans (%) | — | 1.07% | -0.37% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -1.16 | 1.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.69% | -0.10 | 13.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▄██ | Net Interest Margin (%) | 2.70% | 2.77% | 2.93% | 2.99% | 3.06% | 3.07% | 3.54% | 3.54% |
| ▂▃▇▄▅▁██ | Return on Assets (%) | -0.48% | -0.19% | 0.55% | -0.16% | 0.17% | -0.89% | 0.97% | 1.02% |
| █▇▆▆▅▃▁▁ | Efficiency Ratio (%) | 78.8% | 74.7% | 74.1% | 72.7% | 70.6% | 66.5% | 62.3% | 60.9% |
| ▄▃▁▁▁█▃▁ | Cost of Funds (%) | 1.27% | 1.22% | 1.09% | 1.11% | 1.12% | 1.48% | 1.19% | 1.11% |
| █▇▇▇▆▅▁▁ | NPA / Assets (%) | 1.05% | 0.92% | 0.87% | 0.87% | 0.81% | 0.69% | 0.22% | 0.22% |
| █▇▇▇▆▅▁▁ | Net Charge-Off Ratio (%) | 1.91% | 1.63% | 1.59% | 1.57% | 1.51% | 1.27% | 0.41% | 0.40% |
| ▅▆█▁▄▁▂▄ | Tang. Book Value ($M) | $346 | $349 | $358 | $332 | $343 | $329 | $334 | $342 |
| ▃▂▁▁▃██▅ | Gross Loans ($M) | $2,090 | $2,083 | $2,074 | $2,074 | $2,090 | $2,121 | $2,116 | $2,101 |
| ▄▁▃▂▇██▆ | Total Deposits ($M) | $3,323 | $3,230 | $3,308 | $3,276 | $3,409 | $3,451 | $3,459 | $3,395 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 2% |