Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.57% | -0.14 | 1.71% |
| Return on Equity (%) | ▼ | 12.79% | -1.91 | 14.70% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.30 | 3.67% |
| Efficiency Ratio (%) | ▲ | 48.79% | -7.06 | 55.86% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.74 | $5 |
| Cost of Funds (%) | ▲ | 1.43% | -0.22 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,309 | +73.78 | $1,236 |
| Gross Loans ($M) | ▲ | $1,036 | +68.77 | $967 |
| Loan Growth YoY (%) | ▲ | 89.64% | +1.22 | 88.42% |
| Total Deposits ($M) | ▲ | $1,143 | +60.75 | $1,082 |
| Shareholders Equity ($M) | ▲ | $162 | +12.42 | $149 |
| Tang. Book Value ($M) | ▲ | $162 | +12.42 | $149 |
| TBV excl. AOCI ($M)** | ▲ | $166 | +11.40 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 89.64% | +1.22 | 88.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.66 | 0.00% |
| Allowance / Loans (%) | — | 1.12% | 0.04% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.84 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.27% | +0.15 | 14.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▆▆██ | Net Interest Margin (%) | 3.06% | 3.10% | 3.73% | 3.67% | 3.67% | 3.71% | 3.90% | 3.97% |
| ▁▁█▅▅▄▄▄ | Return on Assets (%) | 0.94% | 1.05% | 2.24% | 1.71% | 1.64% | 1.53% | 1.44% | 1.57% |
| ███▅▃▃▂▁ | Efficiency Ratio (%) | 60.7% | 59.8% | 59.6% | 55.9% | 53.2% | 52.8% | 51.6% | 48.8% |
| █▆▅▅▄▄▁▁ | Cost of Funds (%) | 1.85% | 1.74% | 1.64% | 1.64% | 1.60% | 1.59% | 1.44% | 1.43% |
| ██▁▁▁▂▅▅ | NPA / Assets (%) | 1.11% | 1.02% | 0.00% | 0.00% | 0.12% | 0.19% | 0.68% | 0.66% |
| ██▁▁▁▂▅▅ | Net Charge-Off Ratio (%) | 1.43% | 1.36% | 0.00% | 0.00% | 0.16% | 0.24% | 0.87% | 0.84% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $139 | $142 | $147 | $149 | $153 | $157 | $159 | $162 |
| ▁▁▂▃▄▆▆█ | Gross Loans ($M) | $940 | $944 | $957 | $967 | $984 | $1,006 | $1,010 | $1,036 |
| ▁▅▅▂█▇▅▇ | Total Deposits ($M) | $1,063 | $1,112 | $1,116 | $1,082 | $1,156 | $1,144 | $1,119 | $1,143 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 27% |
| Consumer | 1% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |