Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.36 | 0.69% |
| Return on Equity (%) | ▲ | 10.81% | +2.95 | 7.86% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.00 | 4.21% |
| Efficiency Ratio (%) | ▲ | 64.03% | -8.51 | 72.53% |
| Pre-Provision Profit ($M) | ▼ | $10 | -1.34 | $12 |
| Cost of Funds (%) | ▲ | 1.75% | -0.57 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,259 | +667.95 | $2,591 |
| Gross Loans ($M) | ▲ | $2,590 | +345.11 | $2,245 |
| Loan Growth YoY (%) | ▼ | 88.99% | -17.41 | 106.40% |
| Total Deposits ($M) | ▲ | $2,877 | +791.39 | $2,086 |
| Shareholders Equity ($M) | ▲ | $317 | +77.30 | $240 |
| Tang. Book Value ($M) | ▲ | $297 | +67.86 | $229 |
| TBV excl. AOCI ($M)** | ▲ | $303 | +69.50 | $234 |
| Loan / Deposit Ratio (%) | ▼ | 88.99% | -17.41 | 106.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.07 | 0.46% |
| Allowance / Loans (%) | — | 1.12% | 0.01% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.13 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.83% | +1.42 | 10.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▁▅▇██▅ | Net Interest Margin (%) | 4.15% | 4.11% | 3.98% | 4.21% | 4.31% | 4.38% | 4.35% | 4.21% |
| ▃▄▁▅▆▇█▇ | Return on Assets (%) | 0.46% | 0.57% | 0.07% | 0.69% | 0.88% | 0.99% | 1.25% | 1.05% |
| ▄▄█▄▃▂▁▂ | Efficiency Ratio (%) | 73.1% | 71.5% | 87.4% | 72.5% | 68.0% | 65.9% | 59.1% | 64.0% |
| █▇▄▄▄▄▂▁ | Cost of Funds (%) | 2.91% | 2.71% | 2.22% | 2.32% | 2.28% | 2.19% | 1.91% | 1.75% |
| █▁▃▃▃▄▇▄ | NPA / Assets (%) | 0.75% | 0.35% | 0.49% | 0.46% | 0.47% | 0.55% | 0.67% | 0.53% |
| █▁▃▂▃▄▇▅ | Net Charge-Off Ratio (%) | 0.89% | 0.43% | 0.59% | 0.54% | 0.57% | 0.66% | 0.79% | 0.67% |
| ▁▁▄▄▅▅▆█ | Tang. Book Value ($M) | $168 | $172 | $221 | $229 | $239 | $248 | $256 | $297 |
| ▁▁▃▅▅▅▅█ | Gross Loans ($M) | $1,765 | $1,811 | $2,044 | $2,245 | $2,245 | $2,230 | $2,280 | $2,590 |
| ▁▂▃▃▄▅▄█ | Total Deposits ($M) | $1,675 | $1,869 | $2,025 | $2,086 | $2,188 | $2,373 | $2,245 | $2,877 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |