Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.54% | -0.11 | 1.65% |
| Return on Equity (%) | ▼ | 16.71% | -1.42 | 18.13% |
| Net Interest Margin (%) | ▼ | 3.39% | -0.27 | 3.66% |
| Efficiency Ratio (%) | ▼ | 33.97% | +0.27 | 33.69% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.60 | $12 |
| Cost of Funds (%) | ▲ | 1.97% | -0.21 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,259 | +310.91 | $1,948 |
| Gross Loans ($M) | ▲ | $1,754 | +202.78 | $1,551 |
| Loan Growth YoY (%) | ▼ | 93.18% | -1.97 | 95.15% |
| Total Deposits ($M) | ▲ | $1,867 | +249.63 | $1,617 |
| Shareholders Equity ($M) | ▲ | $200 | +23.75 | $176 |
| Tang. Book Value ($M) | ▲ | $200 | +23.75 | $176 |
| TBV excl. AOCI ($M)** | ▲ | $221 | +31.16 | $189 |
| Loan / Deposit Ratio (%) | ▼ | 93.18% | -1.97 | 95.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.04 | 0.22% |
| Allowance / Loans (%) | — | 0.82% | 0.02% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.10 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.79% | -0.04 | 10.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▆▆▅▁▁ | Net Interest Margin (%) | 3.80% | 3.75% | 3.66% | 3.66% | 3.68% | 3.60% | 3.41% | 3.39% |
| █▇▁▅▇▆▁▂ | Return on Assets (%) | 1.80% | 1.76% | 1.50% | 1.65% | 1.76% | 1.70% | 1.50% | 1.54% |
| ▇█▆▄▁▁▇▅ | Efficiency Ratio (%) | 34.7% | 35.1% | 34.4% | 33.7% | 32.6% | 32.7% | 34.8% | 34.0% |
| █▇▄▃▅▃▁▁ | Cost of Funds (%) | 2.67% | 2.53% | 2.27% | 2.17% | 2.33% | 2.14% | 1.93% | 1.97% |
| █▆▄▂▁▇▄▃ | NPA / Assets (%) | 0.57% | 0.45% | 0.28% | 0.22% | 0.10% | 0.46% | 0.30% | 0.26% |
| █▇▄▃▁█▅▄ | Net Charge-Off Ratio (%) | 0.54% | 0.51% | 0.32% | 0.24% | 0.09% | 0.60% | 0.40% | 0.34% |
| ▁▁▁▃▅▇██ | Tang. Book Value ($M) | $166 | $163 | $167 | $176 | $188 | $196 | $202 | $200 |
| ▁▁▁▄▅▅▆█ | Gross Loans ($M) | $1,403 | $1,406 | $1,445 | $1,551 | $1,579 | $1,604 | $1,629 | $1,754 |
| ▁▁▁▄▅▆▇█ | Total Deposits ($M) | $1,460 | $1,462 | $1,503 | $1,617 | $1,682 | $1,732 | $1,802 | $1,867 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 38% |
| C&I / Commercial | 43% |
| Consumer | 13% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 23% |