Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.02 | 0.37% |
| Return on Equity (%) | ▲ | 3.87% | +0.31 | 3.56% |
| Net Interest Margin (%) | ▲ | 1.95% | +0.51 | 1.43% |
| Efficiency Ratio (%) | ▼ | 69.22% | +7.81 | 61.41% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.35 | $5 |
| Cost of Funds (%) | ▲ | 3.16% | -0.11 | 3.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,312 | -95.96 | $2,408 |
| Gross Loans ($M) | ▲ | $1,651 | +49.23 | $1,602 |
| Loan Growth YoY (%) | ▼ | 101.71% | -4.28 | 105.99% |
| Total Deposits ($M) | ▲ | $1,610 | +111.64 | $1,498 |
| Shareholders Equity ($M) | ▲ | $261 | +15.82 | $245 |
| Tang. Book Value ($M) | ▲ | $232 | +11.37 | $221 |
| TBV excl. AOCI ($M)** | ▲ | $248 | +6.98 | $241 |
| Loan / Deposit Ratio (%) | ▼ | 101.71% | -4.28 | 105.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.15 | 0.21% |
| Allowance / Loans (%) | — | 0.81% | -0.04% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.18 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.64% | +0.67 | 15.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▂▄▅██ | Net Interest Margin (%) | 1.44% | 1.42% | 1.33% | 1.43% | 1.61% | 1.64% | 1.93% | 1.95% |
| ▇█▁▄▇█▃▅ | Return on Assets (%) | 0.53% | 0.62% | 0.13% | 0.37% | 0.53% | 0.57% | 0.25% | 0.39% |
| ▁▁█▄▂▂▇▅ | Efficiency Ratio (%) | 51.3% | 47.1% | 84.4% | 61.4% | 51.9% | 54.4% | 79.0% | 69.2% |
| ▅██▄▂▃▁▃ | Cost of Funds (%) | 3.38% | 3.63% | 3.65% | 3.27% | 3.13% | 3.16% | 2.95% | 3.16% |
| ▁▅▅▅▇▇▇█ | NPA / Assets (%) | 0.04% | 0.20% | 0.21% | 0.21% | 0.30% | 0.30% | 0.28% | 0.36% |
| ▁▄▅▅██▇█ | Net Charge-Off Ratio (%) | 0.06% | 0.28% | 0.29% | 0.31% | 0.45% | 0.47% | 0.42% | 0.50% |
| ▂▁▁▇████ | Tang. Book Value ($M) | $196 | $184 | $185 | $221 | $227 | $232 | $231 | $232 |
| ▄▅▁▁▆▇█▃ | Gross Loans ($M) | $1,665 | $1,682 | $1,602 | $1,602 | $1,691 | $1,705 | $1,733 | $1,651 |
| ▅▁▃▅█▄▆▇ | Total Deposits ($M) | $1,445 | $1,203 | $1,325 | $1,498 | $1,683 | $1,395 | $1,506 | $1,610 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 22% |