Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.03 | 0.79% |
| Return on Equity (%) | ▲ | 7.40% | +0.24 | 7.16% |
| Net Interest Margin (%) | ▼ | 2.98% | -0.07 | 3.05% |
| Efficiency Ratio (%) | ▼ | 64.95% | +6.99 | 57.96% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.11 | $3 |
| Cost of Funds (%) | ▲ | 2.33% | -0.08 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $940 | +105.55 | $834 |
| Gross Loans ($M) | ▲ | $533 | +66.94 | $466 |
| Loan Growth YoY (%) | ▲ | 66.96% | +1.53 | 65.44% |
| Total Deposits ($M) | ▲ | $787 | +82.57 | $704 |
| Shareholders Equity ($M) | ▲ | $105 | +9.84 | $96 |
| Tang. Book Value ($M) | ▲ | $105 | +9.84 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +9.48 | $111 |
| Loan / Deposit Ratio (%) | ▲ | 66.96% | +1.53 | 65.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.02 | 0.09% |
| Allowance / Loans (%) | — | 1.04% | 0.04% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.03 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆█▇█▅▆ | Net Interest Margin (%) | 2.83% | 2.86% | 2.98% | 3.05% | 3.03% | 3.03% | 2.95% | 2.98% |
| ▄█▁▃▃▄▄▄ | Return on Assets (%) | 0.81% | 1.01% | 0.69% | 0.79% | 0.79% | 0.82% | 0.82% | 0.83% |
| ▃▁▃▄▄▄█▇ | Efficiency Ratio (%) | 56.7% | 51.8% | 57.1% | 58.0% | 58.5% | 58.9% | 67.2% | 65.0% |
| ▅▄▁▄█▁▄▂ | Cost of Funds (%) | 2.45% | 2.40% | 2.30% | 2.41% | 2.57% | 2.32% | 2.41% | 2.33% |
| ▁▄█▄▃▄▄▄ | NPA / Assets (%) | 0.01% | 0.08% | 0.17% | 0.09% | 0.07% | 0.08% | 0.08% | 0.07% |
| ▁▄█▄▃▄▄▃ | Net Charge-Off Ratio (%) | 0.00% | 0.17% | 0.34% | 0.16% | 0.13% | 0.16% | 0.15% | 0.13% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $90 | $90 | $93 | $96 | $99 | $103 | $103 | $105 |
| ▁▂▄▅▅▆██ | Gross Loans ($M) | $369 | $403 | $440 | $466 | $458 | $484 | $515 | $533 |
| ▁▃▄▃▅▇██ | Total Deposits ($M) | $665 | $697 | $723 | $704 | $731 | $773 | $792 | $787 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 23% |