Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.63 | 1.06% |
| Return on Equity (%) | ▲ | 33.04% | +10.36 | 22.68% |
| Net Interest Margin (%) | ▼ | 2.46% | -0.02 | 2.48% |
| Efficiency Ratio (%) | ▲ | 37.98% | -14.17 | 52.15% |
| Pre-Provision Profit ($M) | ▲ | $55 | +22.67 | $33 |
| Cost of Funds (%) | ▲ | 1.66% | -0.21 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,837 | +872.77 | $8,964 |
| Gross Loans ($M) | ▲ | $2,993 | +356.32 | $2,637 |
| Loan Growth YoY (%) | ▲ | 32.24% | +0.89 | 31.36% |
| Total Deposits ($M) | ▲ | $9,259 | +880.19 | $8,379 |
| Shareholders Equity ($M) | ▲ | $494 | +58.55 | $435 |
| Tang. Book Value ($M) | ▲ | $494 | +58.55 | $435 |
| TBV excl. AOCI ($M)** | ▲ | $804 | +83.32 | $721 |
| Loan / Deposit Ratio (%) | ▲ | 32.24% | +0.89 | 31.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.01 | 0.13% |
| Allowance / Loans (%) | — | 0.25% | -0.10% | 0.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.01 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.91% | -1.18 | 16.09% |
Noninterest income ($30.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▄█▄▁▁▂▃ | Net Interest Margin (%) | 2.52% | 2.49% | 2.55% | 2.48% | 2.43% | 2.45% | 2.45% | 2.46% |
| ▂▅▁▁▁▃██ | Return on Assets (%) | 1.21% | 1.42% | 1.08% | 1.06% | 1.11% | 1.24% | 1.71% | 1.68% |
| ▆▄██▇▆▁▁ | Efficiency Ratio (%) | 48.9% | 45.3% | 53.0% | 52.2% | 50.4% | 47.9% | 38.3% | 38.0% |
| █▇▄▄▅▂▁▁ | Cost of Funds (%) | 2.15% | 2.08% | 1.88% | 1.87% | 1.90% | 1.70% | 1.61% | 1.66% |
| █▂▁▃▄▆▃▄ | NPA / Assets (%) | 0.16% | 0.12% | 0.11% | 0.13% | 0.13% | 0.14% | 0.12% | 0.13% |
| █▃▁▃▃▄▂▃ | Net Charge-Off Ratio (%) | 0.58% | 0.43% | 0.37% | 0.43% | 0.44% | 0.47% | 0.41% | 0.44% |
| ▅▁▃▄▆███ | Tang. Book Value ($M) | $443 | $382 | $417 | $435 | $460 | $491 | $483 | $494 |
| ▁▁▄▄▄▇▇█ | Gross Loans ($M) | $2,339 | $2,410 | $2,597 | $2,637 | $2,633 | $2,856 | $2,876 | $2,993 |
| ▁▂▁▂▃▅▇█ | Total Deposits ($M) | $8,184 | $8,343 | $8,213 | $8,379 | $8,468 | $8,790 | $9,053 | $9,259 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 99% |
| Brokered / Other | 1% |