Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.31 | 1.04% |
| Return on Equity (%) | ▲ | 14.75% | +2.40 | 12.35% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.27 | 3.64% |
| Efficiency Ratio (%) | ▲ | 53.53% | -6.31 | 59.84% |
| Pre-Provision Profit ($M) | ▲ | $20 | +4.50 | $15 |
| Cost of Funds (%) | ▲ | 1.85% | -0.22 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,980 | +281.13 | $3,698 |
| Gross Loans ($M) | ▲ | $2,780 | +162.02 | $2,618 |
| Loan Growth YoY (%) | ▼ | 79.50% | -5.27 | 84.77% |
| Total Deposits ($M) | ▲ | $3,456 | +404.22 | $3,051 |
| Shareholders Equity ($M) | ▲ | $360 | +45.94 | $314 |
| Tang. Book Value ($M) | ▲ | $344 | +48.52 | $295 |
| TBV excl. AOCI ($M)** | ▲ | $386 | +67.13 | $318 |
| Loan / Deposit Ratio (%) | ▼ | 79.50% | -5.27 | 84.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.07 | 0.42% |
| Allowance / Loans (%) | — | 1.18% | -0.02% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.22 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.78% | +0.78 | 11.00% |
Noninterest income ($7.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 3.35% | 3.40% | 3.54% | 3.64% | 3.72% | 3.77% | 3.90% | 3.92% |
| ▃▁▅▅▆▇██ | Return on Assets (%) | 0.84% | 0.59% | 0.99% | 1.04% | 1.08% | 1.16% | 1.31% | 1.34% |
| ▇█▄▄▃▂▁▁ | Efficiency Ratio (%) | 65.3% | 68.4% | 60.4% | 59.8% | 58.8% | 56.7% | 53.4% | 53.5% |
| █▃▄▄▃▃▁▂ | Cost of Funds (%) | 2.48% | 1.94% | 2.07% | 2.07% | 1.99% | 1.93% | 1.71% | 1.85% |
| ▁▃▆▆▆▆█▅ | NPA / Assets (%) | 0.09% | 0.22% | 0.38% | 0.42% | 0.38% | 0.40% | 0.54% | 0.35% |
| ▁▃▇█▅▅█▄ | Net Charge-Off Ratio (%) | 0.12% | 0.31% | 0.54% | 0.59% | 0.39% | 0.41% | 0.64% | 0.37% |
| ▁▅▅▆▇███ | Tang. Book Value ($M) | $188 | $271 | $285 | $295 | $313 | $326 | $333 | $344 |
| ▁▆▇▇████ | Gross Loans ($M) | $1,782 | $2,514 | $2,567 | $2,618 | $2,663 | $2,760 | $2,759 | $2,780 |
| ▁▅▆▆▇▆██ | Total Deposits ($M) | $2,062 | $2,857 | $2,991 | $3,051 | $3,224 | $3,069 | $3,390 | $3,456 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 8% |