Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.13 | 1.78% |
| Return on Equity (%) | ▲ | 16.24% | +0.17 | 16.07% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.10 | 4.32% |
| Efficiency Ratio (%) | ▲ | 41.25% | -1.41 | 42.66% |
| Pre-Provision Profit ($M) | ▲ | $21 | +2.70 | $18 |
| Cost of Funds (%) | ▲ | 1.84% | -0.06 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,184 | +264.01 | $2,920 |
| Gross Loans ($M) | ▲ | $2,684 | +299.71 | $2,384 |
| Loan Growth YoY (%) | ▲ | 107.49% | +0.16 | 107.33% |
| Total Deposits ($M) | ▲ | $2,465 | +270.35 | $2,194 |
| Shareholders Equity ($M) | ▲ | $372 | +55.92 | $316 |
| Tang. Book Value ($M) | ▲ | $370 | +55.98 | $314 |
| TBV excl. AOCI ($M)** | ▲ | $376 | +54.88 | $321 |
| Loan / Deposit Ratio (%) | ▲ | 107.49% | +0.16 | 107.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.44 | 0.64% |
| Allowance / Loans (%) | — | 1.29% | 0.07% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.45 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.27% | +0.41 | 13.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▆▇███ | Net Interest Margin (%) | 3.98% | 4.07% | 4.34% | 4.32% | 4.37% | 4.43% | 4.43% | 4.42% |
| ▁▂▅▆▇███ | Return on Assets (%) | 1.53% | 1.58% | 1.73% | 1.78% | 1.85% | 1.88% | 1.90% | 1.91% |
| ██▃▃▂▁▂▁ | Efficiency Ratio (%) | 46.4% | 45.9% | 43.0% | 42.7% | 42.3% | 41.6% | 41.9% | 41.3% |
| █▅▃▂▄▃▂▁ | Cost of Funds (%) | 2.21% | 2.06% | 1.94% | 1.91% | 2.01% | 1.94% | 1.90% | 1.84% |
| ▁▁▂▁▃███ | NPA / Assets (%) | 0.60% | 0.60% | 0.69% | 0.64% | 0.73% | 1.06% | 1.07% | 1.08% |
| ▁▁▃▃▄███ | Net Charge-Off Ratio (%) | 0.59% | 0.61% | 0.77% | 0.78% | 0.84% | 1.17% | 1.18% | 1.23% |
| ▁▂▃▃▅▆▇█ | Tang. Book Value ($M) | $284 | $296 | $306 | $314 | $333 | $343 | $356 | $370 |
| ▁▁▃▃▅▆▇█ | Gross Loans ($M) | $2,219 | $2,262 | $2,347 | $2,384 | $2,470 | $2,546 | $2,603 | $2,684 |
| ▁▂▃▃▅▆▇█ | Total Deposits ($M) | $2,047 | $2,101 | $2,175 | $2,194 | $2,268 | $2,324 | $2,380 | $2,465 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 24% |