Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.31 | 1.04% |
| Return on Equity (%) | ▲ | 11.72% | +0.19 | 11.53% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.67 | 3.61% |
| Efficiency Ratio (%) | ▲ | 51.63% | -6.47 | 58.10% |
| Pre-Provision Profit ($M) | ▲ | $14 | +3.86 | $10 |
| Cost of Funds (%) | ▲ | 1.94% | -0.56 | 2.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,653 | +267.45 | $2,385 |
| Gross Loans ($M) | ▲ | $2,224 | +312.40 | $1,912 |
| Loan Growth YoY (%) | ▲ | 94.75% | +0.31 | 94.44% |
| Total Deposits ($M) | ▲ | $2,325 | +321.28 | $2,003 |
| Shareholders Equity ($M) | ▲ | $308 | +88.80 | $219 |
| Tang. Book Value ($M) | ▲ | $308 | +88.80 | $219 |
| TBV excl. AOCI ($M)** | ▲ | $319 | +85.77 | $234 |
| Loan / Deposit Ratio (%) | ▲ | 94.75% | +0.31 | 94.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.49 | 0.06% |
| Allowance / Loans (%) | — | 0.97% | -0.06% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.58 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.83% | +0.16 | 11.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄██ | Net Interest Margin (%) | 3.50% | 3.51% | 3.56% | 3.61% | 3.76% | 3.87% | 4.31% | 4.28% |
| ▇▇▇▇▁▂██ | Return on Assets (%) | 0.90% | 0.97% | 1.01% | 1.04% | -1.45% | -0.76% | 1.48% | 1.35% |
| ▇▆█▇▆▅▁▂ | Efficiency Ratio (%) | 59.1% | 57.3% | 60.9% | 58.1% | 56.9% | 55.1% | 49.0% | 51.6% |
| █▆▅▅▄▁▁▁ | Cost of Funds (%) | 3.10% | 2.69% | 2.55% | 2.50% | 2.40% | 2.01% | 1.89% | 1.94% |
| ▁▁▁▁▁█▆▅ | NPA / Assets (%) | 0.16% | 0.06% | 0.06% | 0.06% | 0.12% | 0.96% | 0.63% | 0.54% |
| ▁▁▁▁▁█▆▅ | Net Charge-Off Ratio (%) | 0.20% | 0.07% | 0.07% | 0.07% | 0.14% | 1.14% | 0.75% | 0.65% |
| ▁▁▁▂▇▇██ | Tang. Book Value ($M) | $204 | $202 | $211 | $219 | $282 | $290 | $300 | $308 |
| ▁▂▁▃▄▇██ | Gross Loans ($M) | $1,787 | $1,865 | $1,841 | $1,912 | $1,959 | $2,148 | $2,173 | $2,224 |
| ▁▁▁▃▄▆▆█ | Total Deposits ($M) | $1,903 | $1,892 | $1,931 | $2,003 | $2,055 | $2,192 | $2,203 | $2,325 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 47% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 26% |