Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.10 | 0.79% |
| Return on Equity (%) | ▲ | 10.08% | +0.89 | 9.19% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.38 | 3.50% |
| Efficiency Ratio (%) | ▼ | 64.16% | +1.59 | 62.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.51 | $3 |
| Cost of Funds (%) | ▲ | 1.66% | -0.32 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,085 | +348.65 | $736 |
| Gross Loans ($M) | ▲ | $790 | +170.19 | $619 |
| Loan Growth YoY (%) | ▼ | 87.47% | -14.35 | 101.82% |
| Total Deposits ($M) | ▲ | $893 | +291.67 | $602 |
| Shareholders Equity ($M) | ▲ | $100 | +38.98 | $61 |
| Tang. Book Value ($M) | ▲ | $85 | +28.57 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +35.04 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 87.47% | -14.35 | 101.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.18 | 0.25% |
| Allowance / Loans (%) | — | 1.06% | -0.06% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.21 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.62% | +1.10 | 10.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▆█ | Net Interest Margin (%) | 2.96% | 3.05% | 3.35% | 3.50% | 3.56% | 3.57% | 3.64% | 3.88% |
| ▃▄▄▅▆▁▁█ | Return on Assets (%) | 0.73% | 0.75% | 0.75% | 0.79% | 0.82% | 0.65% | 0.67% | 0.90% |
| ▁▁▃▁▁▁█▄ | Efficiency Ratio (%) | 62.7% | 62.1% | 63.6% | 62.6% | 62.3% | 62.2% | 67.0% | 64.2% |
| █▇▅▄▄▂▂▁ | Cost of Funds (%) | 2.41% | 2.27% | 2.08% | 1.98% | 2.01% | 1.81% | 1.77% | 1.66% |
| ▁▁▅▅▂█▅▂ | NPA / Assets (%) | 0.01% | 0.03% | 0.27% | 0.25% | 0.07% | 0.47% | 0.26% | 0.07% |
| ▁▁▅▅▂█▅▂ | Net Charge-Off Ratio (%) | 0.01% | 0.03% | 0.32% | 0.30% | 0.09% | 0.55% | 0.32% | 0.09% |
| ▁▁▁▂▂▃▆█ | Tang. Book Value ($M) | $51 | $54 | $55 | $57 | $59 | $61 | $76 | $85 |
| ▁▁▁▃▄▅▆█ | Gross Loans ($M) | $544 | $563 | $569 | $619 | $654 | $685 | $711 | $790 |
| ▁▁▁▂▃▄▄█ | Total Deposits ($M) | $512 | $529 | $557 | $602 | $649 | $688 | $688 | $893 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |