Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.50% | -0.32 | -0.18% |
| Return on Equity (%) | ▼ | -4.67% | -2.95 | -1.72% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.32 | 2.90% |
| Efficiency Ratio (%) | ▼ | 64.74% | +6.62 | 58.12% |
| Pre-Provision Profit ($M) | ▼ | $2 | -8.94 | $11 |
| Cost of Funds (%) | ▲ | 2.06% | -0.19 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,117 | -261.39 | $3,379 |
| Gross Loans ($M) | ▼ | $2,644 | -267.86 | $2,912 |
| Loan Growth YoY (%) | ▼ | 98.56% | -8.90 | 107.45% |
| Total Deposits ($M) | ▼ | $2,637 | -25.67 | $2,663 |
| Shareholders Equity ($M) | ▼ | $335 | -22.89 | $358 |
| Tang. Book Value ($M) | ▼ | $334 | -17.52 | $352 |
| TBV excl. AOCI ($M)** | ▼ | $342 | -16.91 | $359 |
| Loan / Deposit Ratio (%) | ▼ | 98.56% | -8.90 | 107.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.58% | -0.76 | 3.33% |
| Allowance / Loans (%) | — | 1.70% | -0.04% | 1.74% |
| Net Charge-Off Ratio (%) | ▲ | 2.85% | -1.02 | 3.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 2.71% | 2.72% | 2.79% | 2.90% | 2.98% | 3.04% | 3.12% | 3.21% |
| ██▁▄▅▃█▂ | Return on Assets (%) | 0.62% | 0.58% | -0.85% | -0.18% | 0.08% | -0.27% | 0.70% | -0.50% |
| ▁▁▁▁▂█▃▆ | Efficiency Ratio (%) | 58.1% | 57.4% | 58.6% | 58.1% | 59.3% | 68.5% | 60.7% | 64.7% |
| █▇▅▃▂▁▁▁ | Cost of Funds (%) | 2.71% | 2.58% | 2.43% | 2.25% | 2.18% | 2.11% | 2.02% | 2.06% |
| ▁▂▇██▄▃▆ | NPA / Assets (%) | 1.15% | 1.46% | 2.87% | 3.33% | 3.39% | 2.08% | 1.98% | 2.58% |
| ▁▂▇█▇▄▃▅ | Net Charge-Off Ratio (%) | 1.33% | 1.73% | 3.36% | 3.87% | 3.31% | 2.32% | 2.22% | 2.85% |
| ██▅▆▇▃▄▁ | Tang. Book Value ($M) | $359 | $359 | $350 | $352 | $356 | $342 | $344 | $334 |
| █▇▆▅▄▂▁▁ | Gross Loans ($M) | $3,123 | $3,031 | $2,969 | $2,912 | $2,827 | $2,725 | $2,689 | $2,644 |
| ██▄▂▄▃▃▁ | Total Deposits ($M) | $2,754 | $2,753 | $2,688 | $2,663 | $2,688 | $2,674 | $2,673 | $2,637 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 18% |