Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.25 | 0.88% |
| Return on Equity (%) | ▲ | 12.23% | +2.76 | 9.47% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.12 | 3.35% |
| Efficiency Ratio (%) | ▲ | 53.34% | -6.46 | 59.80% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.75 | $3 |
| Cost of Funds (%) | ▲ | 2.76% | -0.13 | 2.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,318 | +266.27 | $1,052 |
| Gross Loans ($M) | ▲ | $1,090 | +196.97 | $893 |
| Loan Growth YoY (%) | ▼ | 97.35% | -5.90 | 103.25% |
| Total Deposits ($M) | ▲ | $1,109 | +252.16 | $856 |
| Shareholders Equity ($M) | ▲ | $123 | +24.34 | $99 |
| Tang. Book Value ($M) | ▲ | $123 | +24.34 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +25.03 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 97.35% | -5.90 | 103.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.01 | 0.08% |
| Allowance / Loans (%) | — | 1.02% | -0.00% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.01 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.68 | 11.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇▇██ | Net Interest Margin (%) | 2.99% | 3.06% | 3.34% | 3.35% | 3.37% | 3.39% | 3.49% | 3.47% |
| ▁▁▄▅▅▇██ | Return on Assets (%) | 0.62% | 0.66% | 0.84% | 0.88% | 0.93% | 1.01% | 1.12% | 1.14% |
| █▇▄▅▄▃▁▁ | Efficiency Ratio (%) | 66.2% | 64.5% | 59.3% | 59.8% | 59.4% | 56.9% | 53.6% | 53.3% |
| █▅▃▃▄▃▁▂ | Cost of Funds (%) | 3.29% | 3.05% | 2.83% | 2.88% | 2.93% | 2.90% | 2.67% | 2.76% |
| █▅▅▇▁█▇▇ | NPA / Assets (%) | 0.10% | 0.07% | 0.06% | 0.08% | 0.02% | 0.10% | 0.09% | 0.09% |
| █▅▅▇▁███ | Net Charge-Off Ratio (%) | 0.11% | 0.08% | 0.07% | 0.09% | 0.03% | 0.11% | 0.10% | 0.10% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $85 | $90 | $93 | $99 | $102 | $106 | $114 | $123 |
| ▁▂▂▃▅▆██ | Gross Loans ($M) | $791 | $838 | $851 | $893 | $942 | $989 | $1,058 | $1,090 |
| ▁▁▂▃▄▅▇█ | Total Deposits ($M) | $758 | $787 | $834 | $856 | $924 | $942 | $1,047 | $1,109 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 23% |