Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.26 | 1.20% |
| Return on Equity (%) | ▲ | 15.17% | +1.46 | 13.71% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.38 | 3.61% |
| Efficiency Ratio (%) | ▲ | 46.95% | -4.07 | 51.02% |
| Pre-Provision Profit ($M) | ▲ | $24 | +4.18 | $20 |
| Cost of Funds (%) | ▲ | 0.86% | -0.16 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,417 | +119.13 | $4,298 |
| Gross Loans ($M) | ▲ | $3,125 | +229.72 | $2,895 |
| Loan Growth YoY (%) | ▲ | 78.46% | +4.52 | 73.94% |
| Total Deposits ($M) | ▲ | $3,938 | +65.99 | $3,872 |
| Shareholders Equity ($M) | ▲ | $437 | +64.09 | $373 |
| Tang. Book Value ($M) | ▲ | $437 | +64.14 | $372 |
| TBV excl. AOCI ($M)** | ▲ | $485 | +60.19 | $425 |
| Loan / Deposit Ratio (%) | ▲ | 78.46% | +4.52 | 73.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.04 | 0.27% |
| Allowance / Loans (%) | — | 1.11% | 0.01% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.04 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.35% | +0.42 | 11.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 3.19% | 3.28% | 3.55% | 3.61% | 3.69% | 3.76% | 3.96% | 4.00% |
| ▁▁▃▄▄▅██ | Return on Assets (%) | 1.04% | 1.09% | 1.16% | 1.20% | 1.24% | 1.27% | 1.45% | 1.46% |
| █▇▆▅▃▂▁▁ | Efficiency Ratio (%) | 54.4% | 53.1% | 51.8% | 51.0% | 49.5% | 47.9% | 46.5% | 47.0% |
| █▇▄▃▃▂▁▁ | Cost of Funds (%) | 1.31% | 1.20% | 1.04% | 1.01% | 1.01% | 0.93% | 0.85% | 0.86% |
| ▁▁▇▆▆▆██ | NPA / Assets (%) | 0.17% | 0.18% | 0.28% | 0.27% | 0.26% | 0.27% | 0.31% | 0.31% |
| ▁▁▇▇▇▆██ | Net Charge-Off Ratio (%) | 0.27% | 0.27% | 0.42% | 0.40% | 0.40% | 0.39% | 0.44% | 0.44% |
| ▁▁▂▂▄▆▇█ | Tang. Book Value ($M) | $357 | $355 | $368 | $372 | $395 | $411 | $421 | $437 |
| ▁▃▄▅▅▇██ | Gross Loans ($M) | $2,623 | $2,751 | $2,832 | $2,895 | $2,920 | $3,046 | $3,097 | $3,125 |
| ▂▁▃▆██▆▇ | Total Deposits ($M) | $3,715 | $3,644 | $3,759 | $3,872 | $3,997 | $3,954 | $3,904 | $3,938 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 21% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 3% |