Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.12% | +1.34 | 0.79% |
| Return on Equity (%) | ▲ | 27.10% | +15.76 | 11.34% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.38 | 4.02% |
| Efficiency Ratio (%) | ▲ | 49.39% | -15.84 | 65.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.42 | $3 |
| Cost of Funds (%) | ▲ | 1.34% | -0.21 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $833 | +48.71 | $784 |
| Gross Loans ($M) | ▲ | $650 | +38.87 | $611 |
| Loan Growth YoY (%) | ▼ | 91.77% | -0.31 | 92.08% |
| Total Deposits ($M) | ▲ | $700 | +44.15 | $655 |
| Shareholders Equity ($M) | ▲ | $69 | +12.92 | $56 |
| Tang. Book Value ($M) | ▲ | $69 | +12.92 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +12.27 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 91.77% | -0.31 | 92.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.20% | -0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.01% | +0.47 | 11.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 3.52% | 3.59% | 3.97% | 4.02% | 4.11% | 4.17% | 4.35% | 4.41% |
| ▁▁▁▁▂▂█▅ | Return on Assets (%) | 0.56% | 0.61% | 0.57% | 0.79% | 1.01% | 1.05% | 3.11% | 2.12% |
| ██▇▆▅▅▁▂ | Efficiency Ratio (%) | 76.6% | 76.0% | 67.9% | 65.2% | 62.0% | 61.3% | 40.4% | 49.4% |
| █▆▃▃▄▂▁▁ | Cost of Funds (%) | 1.94% | 1.77% | 1.54% | 1.56% | 1.62% | 1.44% | 1.37% | 1.34% |
| ▁█▆▄▄▃▃▃ | NPA / Assets (%) | 0.00% | 0.13% | 0.09% | 0.06% | 0.06% | 0.04% | 0.04% | 0.04% |
| ▁█▅▄▄▃▃▃ | Net Charge-Off Ratio (%) | 0.00% | 0.18% | 0.11% | 0.08% | 0.08% | 0.06% | 0.06% | 0.06% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $50 | $52 | $53 | $56 | $58 | $60 | $66 | $69 |
| ▂▁▃▅▅▇▇█ | Gross Loans ($M) | $579 | $560 | $590 | $611 | $612 | $628 | $638 | $650 |
| █▆▅▁▃▄█▄ | Total Deposits ($M) | $739 | $719 | $703 | $655 | $682 | $689 | $745 | $700 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 9% |