Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.41% | -0.20 | 1.62% |
| Return on Equity (%) | ▼ | 16.27% | -2.85 | 19.12% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.20 | 3.65% |
| Efficiency Ratio (%) | ▼ | 63.43% | +7.21 | 56.23% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.24 | $2 |
| Cost of Funds (%) | ▲ | 1.44% | -0.26 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $547 | +44.34 | $503 |
| Gross Loans ($M) | ▲ | $283 | +31.71 | $251 |
| Loan Growth YoY (%) | ▲ | 56.34% | +1.78 | 54.56% |
| Total Deposits ($M) | ▲ | $495 | +41.01 | $454 |
| Shareholders Equity ($M) | ▲ | $47 | +2.62 | $44 |
| Tang. Book Value ($M) | ▲ | $47 | +2.62 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +4.00 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 56.34% | +1.78 | 54.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Allowance / Loans (%) | — | 1.37% | 0.03% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.24 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.70% | -1.12 | 18.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▅▆▆▆█ | Net Interest Margin (%) | 3.36% | 3.43% | 3.62% | 3.65% | 3.68% | 3.72% | 3.72% | 3.84% |
| ▁▂▆██▇▅▅ | Return on Assets (%) | 1.10% | 1.19% | 1.46% | 1.62% | 1.57% | 1.53% | 1.37% | 1.41% |
| █▇▃▁▂▃▆▆ | Efficiency Ratio (%) | 67.0% | 65.1% | 59.3% | 56.2% | 57.9% | 59.7% | 63.7% | 63.4% |
| █▆▅▃▄▂▁▁ | Cost of Funds (%) | 2.16% | 1.89% | 1.80% | 1.70% | 1.75% | 1.57% | 1.43% | 1.44% |
| ▂▁▁▁▁▁██ | NPA / Assets (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.12% |
| ▂▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.24% |
| ▁▁▁▃▆█▅▆ | Tang. Book Value ($M) | $42 | $42 | $42 | $44 | $47 | $48 | $46 | $47 |
| ▃▃▂▂▁▁▃█ | Gross Loans ($M) | $256 | $255 | $250 | $251 | $244 | $243 | $256 | $283 |
| ▁▄▄▄▂▅██ | Total Deposits ($M) | $424 | $458 | $457 | $454 | $442 | $465 | $501 | $495 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |