Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.21 | 1.22% |
| Return on Equity (%) | ▼ | 4.36% | -0.49 | 4.85% |
| Net Interest Margin (%) | ▼ | 3.50% | -0.32 | 3.82% |
| Efficiency Ratio (%) | ▼ | 56.34% | +4.29 | 52.04% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.51 | $5 |
| Cost of Funds (%) | ▼ | 2.02% | +0.04 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,125 | +117.08 | $1,008 |
| Gross Loans ($M) | ▲ | $817 | +18.94 | $798 |
| Loan Growth YoY (%) | ▼ | 95.21% | -11.76 | 106.96% |
| Total Deposits ($M) | ▲ | $849 | +111.51 | $737 |
| Shareholders Equity ($M) | ▲ | $262 | +13.12 | $249 |
| Tang. Book Value ($M) | ▲ | $224 | +13.28 | $211 |
| TBV excl. AOCI ($M)** | ▲ | $228 | +13.71 | $214 |
| Loan / Deposit Ratio (%) | ▼ | 95.21% | -11.76 | 106.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.39 | 0.24% |
| Allowance / Loans (%) | — | 1.12% | -0.10% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.51 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▃▅▅▅▁▁ | Net Interest Margin (%) | 4.06% | 3.98% | 3.70% | 3.82% | 3.84% | 3.78% | 3.52% | 3.50% |
| ▂█▁▂▂▂▁▁ | Return on Assets (%) | 1.29% | 2.18% | 1.15% | 1.22% | 1.27% | 1.22% | 1.01% | 1.01% |
| ▁▅▄▃▁▁██ | Efficiency Ratio (%) | 51.1% | 54.1% | 53.3% | 52.0% | 50.6% | 51.2% | 55.9% | 56.3% |
| █▆▂▁▂▄▁▁ | Cost of Funds (%) | 2.41% | 2.28% | 2.06% | 1.97% | 2.05% | 2.18% | 2.00% | 2.02% |
| █▁▁▁▁▆▆▆ | NPA / Assets (%) | 0.79% | 0.25% | 0.24% | 0.24% | 0.26% | 0.64% | 0.61% | 0.63% |
| █▁▁▁▁▆▆▆ | Net Charge-Off Ratio (%) | 1.04% | 0.33% | 0.30% | 0.28% | 0.34% | 0.84% | 0.82% | 0.80% |
| ▁▃▄▅▆▇██ | Tang. Book Value ($M) | $193 | $203 | $207 | $211 | $215 | $218 | $221 | $224 |
| ▁▁▃▇▇██▇ | Gross Loans ($M) | $682 | $664 | $720 | $798 | $816 | $841 | $824 | $817 |
| ▁▂▃▄▇███ | Total Deposits ($M) | $644 | $682 | $699 | $737 | $816 | $834 | $840 | $849 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 36% |