Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.43% | -0.02 | 1.45% |
| Return on Equity (%) | ▲ | 13.56% | +0.95 | 12.61% |
| Net Interest Margin (%) | ▼ | 3.15% | -0.25 | 3.41% |
| Efficiency Ratio (%) | ▲ | 37.25% | -4.27 | 41.52% |
| Pre-Provision Profit ($M) | ▲ | $14 | +1.63 | $12 |
| Cost of Funds (%) | ▼ | 2.09% | +0.04 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,812 | +481.96 | $2,330 |
| Gross Loans ($M) | ▲ | $2,089 | +260.21 | $1,829 |
| Loan Growth YoY (%) | ▼ | 87.26% | -5.00 | 92.26% |
| Total Deposits ($M) | ▲ | $2,381 | +408.06 | $1,973 |
| Shareholders Equity ($M) | ▲ | $285 | +25.84 | $260 |
| Tang. Book Value ($M) | ▲ | $229 | +25.84 | $203 |
| TBV excl. AOCI ($M)** | ▲ | $253 | +34.57 | $218 |
| Loan / Deposit Ratio (%) | ▼ | 87.26% | -5.00 | 92.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.03 | 0.11% |
| Allowance / Loans (%) | — | 0.55% | 0.08% | 0.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.06 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.75% | -0.05 | 10.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▅▅▄▁▁ | Net Interest Margin (%) | 3.64% | 3.60% | 3.34% | 3.41% | 3.41% | 3.39% | 3.17% | 3.15% |
| ▆▄▁▅▇▆█▄ | Return on Assets (%) | 1.47% | 1.43% | 1.36% | 1.45% | 1.49% | 1.47% | 1.51% | 1.43% |
| ▅▅█▅▄▃▁▁ | Efficiency Ratio (%) | 41.2% | 41.2% | 45.0% | 41.5% | 40.4% | 39.2% | 38.1% | 37.2% |
| █▅▃▂▆▃▁▃ | Cost of Funds (%) | 2.45% | 2.25% | 2.11% | 2.05% | 2.27% | 2.10% | 1.94% | 2.09% |
| ▃█▅▁▁▂▁▃ | NPA / Assets (%) | 0.15% | 0.27% | 0.18% | 0.11% | 0.10% | 0.11% | 0.09% | 0.14% |
| ▃█▅▁▁▂▁▃ | Net Charge-Off Ratio (%) | 0.18% | 0.34% | 0.22% | 0.12% | 0.12% | 0.14% | 0.11% | 0.18% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $192 | $190 | $199 | $203 | $214 | $223 | $221 | $229 |
| ▁▁▁▄▄▄▇█ | Gross Loans ($M) | $1,659 | $1,671 | $1,665 | $1,829 | $1,835 | $1,870 | $1,995 | $2,089 |
| ▁▁▁▃▄▄▇█ | Total Deposits ($M) | $1,789 | $1,785 | $1,778 | $1,973 | $2,023 | $2,076 | $2,261 | $2,381 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 38% |
| Consumer | 20% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |