Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.21 | 1.28% |
| Return on Equity (%) | ▲ | 16.79% | +1.31 | 15.48% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.31 | 3.19% |
| Efficiency Ratio (%) | ▲ | 45.85% | -3.10 | 48.95% |
| Pre-Provision Profit ($M) | ▲ | $16 | +3.16 | $13 |
| Cost of Funds (%) | ▲ | 1.91% | -0.32 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,016 | +298.33 | $2,718 |
| Gross Loans ($M) | ▲ | $2,322 | +209.07 | $2,113 |
| Loan Growth YoY (%) | ▲ | 92.49% | +3.93 | 88.56% |
| Total Deposits ($M) | ▲ | $2,482 | +123.94 | $2,358 |
| Shareholders Equity ($M) | ▲ | $264 | +35.53 | $228 |
| Tang. Book Value ($M) | ▲ | $264 | +35.53 | $228 |
| TBV excl. AOCI ($M)** | ▲ | $287 | +36.77 | $250 |
| Loan / Deposit Ratio (%) | ▲ | 92.49% | +3.93 | 88.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.15% | -0.03% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.03 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.48% | +0.03 | 12.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▇█ | Net Interest Margin (%) | 2.92% | 2.99% | 3.07% | 3.19% | 3.23% | 3.30% | 3.40% | 3.49% |
| ▁▁▄▄▅▁█▇ | Return on Assets (%) | 1.04% | 1.08% | 1.25% | 1.28% | 1.34% | 1.10% | 1.56% | 1.49% |
| ██▄▃▃▃▁▁ | Efficiency Ratio (%) | 54.9% | 54.0% | 49.7% | 49.0% | 48.6% | 49.2% | 46.5% | 45.8% |
| █▆▅▅▆▃▂▁ | Cost of Funds (%) | 2.47% | 2.30% | 2.22% | 2.23% | 2.32% | 2.10% | 2.00% | 1.91% |
| ▅▅█▁▁▅▆▂ | NPA / Assets (%) | 0.11% | 0.10% | 0.16% | 0.05% | 0.05% | 0.11% | 0.13% | 0.07% |
| ▅▅█▁▁▅▆▂ | Net Charge-Off Ratio (%) | 0.14% | 0.14% | 0.20% | 0.06% | 0.06% | 0.14% | 0.16% | 0.09% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $211 | $210 | $222 | $228 | $240 | $248 | $256 | $264 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $1,931 | $1,973 | $2,036 | $2,113 | $2,131 | $2,189 | $2,241 | $2,322 |
| ▁▁▄▅█▅██ | Total Deposits ($M) | $2,151 | $2,184 | $2,325 | $2,358 | $2,491 | $2,360 | $2,513 | $2,482 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 13% |
| Consumer | 9% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 17% |