Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.26 | 1.10% |
| Return on Equity (%) | ▲ | 16.78% | +2.79 | 13.99% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.41 | 3.57% |
| Efficiency Ratio (%) | ▲ | 53.17% | -6.05 | 59.22% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.50 | $3 |
| Cost of Funds (%) | ▲ | 2.15% | -0.31 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $841 | +143.70 | $697 |
| Gross Loans ($M) | ▲ | $727 | +102.05 | $625 |
| Loan Growth YoY (%) | ▼ | 96.16% | -7.07 | 103.23% |
| Total Deposits ($M) | ▲ | $750 | +149.22 | $601 |
| Shareholders Equity ($M) | ▲ | $70 | +14.24 | $56 |
| Tang. Book Value ($M) | ▲ | $70 | +14.16 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +14.89 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 96.16% | -7.07 | 103.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.07 | 0.03% |
| Allowance / Loans (%) | — | 0.79% | 0.03% | 0.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.09 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.94% | +0.62 | 10.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▅▅▇█ | Net Interest Margin (%) | 3.32% | 3.35% | 3.48% | 3.57% | 3.67% | 3.69% | 3.83% | 3.98% |
| ▂▁▃▄▅▆██ | Return on Assets (%) | 0.95% | 0.87% | 1.06% | 1.10% | 1.17% | 1.18% | 1.31% | 1.37% |
| █▇▆▆▄▄▁▁ | Efficiency Ratio (%) | 62.5% | 61.1% | 59.6% | 59.2% | 57.7% | 57.0% | 53.7% | 53.2% |
| █▇▆▅▅▃▂▁ | Cost of Funds (%) | 2.65% | 2.56% | 2.47% | 2.46% | 2.43% | 2.31% | 2.23% | 2.15% |
| ▁▅▁▁▁▂█▃ | NPA / Assets (%) | 0.00% | 0.19% | 0.04% | 0.03% | 0.00% | 0.09% | 0.37% | 0.10% |
| ▁▄▁▁▁▃█▃ | Net Charge-Off Ratio (%) | 0.00% | 0.21% | 0.04% | 0.03% | 0.00% | 0.11% | 0.43% | 0.12% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $51 | $52 | $53 | $55 | $58 | $64 | $67 | $70 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $583 | $598 | $605 | $625 | $655 | $678 | $705 | $727 |
| ▁▁▂▃▄█▇█ | Total Deposits ($M) | $548 | $553 | $575 | $601 | $632 | $730 | $723 | $750 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 21% |