Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.58 | -0.25% |
| Return on Equity (%) | ▲ | 2.50% | +4.07 | -1.57% |
| Net Interest Margin (%) | ▲ | 2.67% | +0.08 | 2.60% |
| Efficiency Ratio (%) | ▲ | 74.84% | -29.24 | 104.08% |
| Pre-Provision Profit ($M) | ▲ | $3 | +2.33 | $1 |
| Cost of Funds (%) | ▲ | 2.14% | -0.01 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,562 | +316.21 | $1,246 |
| Gross Loans ($M) | ▲ | $1,137 | +150.39 | $987 |
| Loan Growth YoY (%) | ▼ | 95.25% | -17.05 | 112.29% |
| Total Deposits ($M) | ▲ | $1,183 | +312.67 | $870 |
| Shareholders Equity ($M) | ▼ | $189 | -18.88 | $207 |
| Tang. Book Value ($M) | ▲ | $187 | +7.29 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $204 | +14.74 | $189 |
| Loan / Deposit Ratio (%) | ▼ | 95.25% | -17.05 | 112.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.36 | 0.36% |
| Allowance / Loans (%) | — | 0.95% | -0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.98% | +0.53 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇█▇ | Net Interest Margin (%) | 2.44% | 2.46% | 2.61% | 2.60% | 2.64% | 2.67% | 2.72% | 2.67% |
| ██▅▇▁▃██ | Return on Assets (%) | 0.10% | 0.18% | -0.78% | -0.25% | -2.62% | -1.85% | 0.36% | 0.32% |
| ▃▃█▆▃▃▂▁ | Efficiency Ratio (%) | 88.1% | 86.6% | 118.9% | 104.1% | 88.3% | 86.3% | 81.2% | 74.8% |
| ▃█▂▂▂▃▁▂ | Cost of Funds (%) | 2.29% | 2.86% | 2.16% | 2.14% | 2.16% | 2.26% | 2.02% | 2.14% |
| ▁▁▁▃█▇▇▆ | NPA / Assets (%) | 0.02% | 0.02% | 0.07% | 0.36% | 1.01% | 0.83% | 0.80% | 0.71% |
| ▁▁▁▃█▇▇▆ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.09% | 0.45% | 1.32% | 1.09% | 1.07% | 0.98% |
| ▁▁▁▂▆▇██ | Tang. Book Value ($M) | $179 | $178 | $178 | $180 | $184 | $186 | $187 | $187 |
| ▁▂▂▁▃▃▅█ | Gross Loans ($M) | $975 | $1,008 | $1,002 | $987 | $1,023 | $1,026 | $1,069 | $1,137 |
| ▁▂▂▃▄▅██ | Total Deposits ($M) | $749 | $819 | $849 | $870 | $919 | $988 | $1,142 | $1,183 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 20% |