Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.21 | 1.66% |
| Return on Equity (%) | ▼ | 9.68% | -1.61 | 11.29% |
| Net Interest Margin (%) | ▼ | 4.75% | -0.07 | 4.82% |
| Efficiency Ratio (%) | ▼ | 53.03% | +1.10 | 51.93% |
| Pre-Provision Profit ($M) | ▲ | $21 | +0.42 | $21 |
| Cost of Funds (%) | ▲ | 1.08% | -0.23 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,023 | +70.36 | $3,953 |
| Gross Loans ($M) | ▲ | $3,111 | +112.93 | $2,998 |
| Loan Growth YoY (%) | ▲ | 91.45% | +2.60 | 88.86% |
| Total Deposits ($M) | ▲ | $3,363 | +35.81 | $3,327 |
| Shareholders Equity ($M) | ▲ | $619 | +33.75 | $585 |
| Tang. Book Value ($M) | ▲ | $491 | +37.22 | $453 |
| TBV excl. AOCI ($M)** | ▲ | $509 | +43.24 | $465 |
| Loan / Deposit Ratio (%) | ▲ | 91.45% | +2.60 | 88.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.03 | 0.46% |
| Allowance / Loans (%) | — | 1.12% | -0.25% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.33 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.93% | +0.70 | 13.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅████▇▇ | Net Interest Margin (%) | 4.14% | 4.51% | 4.83% | 4.82% | 4.80% | 4.79% | 4.67% | 4.75% |
| ▁▃████▇▇ | Return on Assets (%) | -0.46% | 0.26% | 1.79% | 1.66% | 1.65% | 1.66% | 1.42% | 1.45% |
| █▆▁▁▁▁▁▁ | Efficiency Ratio (%) | 84.1% | 73.0% | 51.8% | 51.9% | 50.7% | 52.5% | 54.8% | 53.0% |
| ▆█▄▄▄▃▁▁ | Cost of Funds (%) | 1.48% | 1.65% | 1.32% | 1.31% | 1.32% | 1.25% | 1.09% | 1.08% |
| ▅▆▄▂▁▁█▁ | NPA / Assets (%) | 0.68% | 0.76% | 0.68% | 0.46% | 0.38% | 0.40% | 0.97% | 0.44% |
| ▆▆▅▄▃▃█▁ | Net Charge-Off Ratio (%) | 0.79% | 0.84% | 0.74% | 0.61% | 0.52% | 0.53% | 1.03% | 0.29% |
| ▁▃▅▄▃▅▇█ | Tang. Book Value ($M) | $427 | $443 | $464 | $453 | $444 | $462 | $475 | $491 |
| █▆▃▁▁▃▁▄ | Gross Loans ($M) | $3,233 | $3,156 | $3,073 | $2,998 | $2,997 | $3,059 | $2,997 | $3,111 |
| █▂▁▁▃▂▂▁ | Total Deposits ($M) | $3,746 | $3,403 | $3,345 | $3,327 | $3,481 | $3,390 | $3,403 | $3,363 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 2% |