Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.18 | 1.42% |
| Return on Equity (%) | ▲ | 17.60% | +2.18 | 15.42% |
| Net Interest Margin (%) | ▼ | 2.94% | -0.12 | 3.06% |
| Efficiency Ratio (%) | ▲ | 32.56% | -3.63 | 36.19% |
| Pre-Provision Profit ($M) | ▲ | $25 | +5.03 | $20 |
| Cost of Funds (%) | ▲ | 2.06% | -0.19 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,791 | +720.77 | $4,070 |
| Gross Loans ($M) | ▲ | $3,227 | +307.24 | $2,919 |
| Loan Growth YoY (%) | ▼ | 77.58% | -6.05 | 83.62% |
| Total Deposits ($M) | ▲ | $4,138 | +673.82 | $3,464 |
| Shareholders Equity ($M) | ▲ | $422 | +53.59 | $369 |
| Tang. Book Value ($M) | ▲ | $368 | +53.59 | $315 |
| TBV excl. AOCI ($M)** | ▲ | $418 | +72.01 | $346 |
| Loan / Deposit Ratio (%) | ▼ | 77.58% | -6.05 | 83.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.02 | 0.38% |
| Allowance / Loans (%) | — | 0.51% | -0.26% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.13 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.78% | +0.38 | 10.39% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆█▅▅▅▂▁ | Net Interest Margin (%) | 3.10% | 3.10% | 3.17% | 3.06% | 3.06% | 3.08% | 2.98% | 2.94% |
| ▁▁▁▂▄▄▇█ | Return on Assets (%) | 1.37% | 1.38% | 1.38% | 1.42% | 1.48% | 1.46% | 1.56% | 1.60% |
| ██▇▆▅▄▂▁ | Efficiency Ratio (%) | 37.7% | 37.4% | 36.8% | 36.2% | 35.6% | 35.1% | 33.6% | 32.6% |
| █▇▄▄▆▃▁▁ | Cost of Funds (%) | 2.61% | 2.49% | 2.26% | 2.25% | 2.44% | 2.20% | 2.02% | 2.06% |
| █▇▆▅▄▅▁▄ | NPA / Assets (%) | 0.45% | 0.42% | 0.39% | 0.38% | 0.36% | 0.38% | 0.28% | 0.35% |
| ▇▄▂▂▁▆▂█ | Net Charge-Off Ratio (%) | 0.50% | 0.44% | 0.40% | 0.39% | 0.38% | 0.47% | 0.40% | 0.53% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $281 | $281 | $299 | $315 | $336 | $354 | $367 | $368 |
| ▁▂▃▅▆▇▇█ | Gross Loans ($M) | $2,504 | $2,631 | $2,698 | $2,919 | $2,971 | $3,058 | $3,106 | $3,227 |
| ▁▁▁▃▄▆▆█ | Total Deposits ($M) | $3,062 | $3,098 | $3,173 | $3,464 | $3,562 | $3,835 | $3,806 | $4,138 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 30% |
| C&I / Commercial | 47% |
| Consumer | 16% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |