Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.30 | 0.61% |
| Return on Equity (%) | ▲ | 10.98% | +3.06 | 7.92% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.36 | 2.57% |
| Efficiency Ratio (%) | ▲ | 53.77% | -8.77 | 62.54% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.61 | $7 |
| Cost of Funds (%) | ▲ | 2.32% | -0.53 | 2.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,717 | +121.46 | $2,596 |
| Gross Loans ($M) | ▲ | $2,252 | +129.71 | $2,122 |
| Loan Growth YoY (%) | ▼ | 106.03% | -3.93 | 109.96% |
| Total Deposits ($M) | ▲ | $2,098 | +192.19 | $1,906 |
| Shareholders Equity ($M) | ▲ | $229 | +26.23 | $202 |
| Tang. Book Value ($M) | ▲ | $229 | +26.23 | $202 |
| TBV excl. AOCI ($M)** | ▲ | $246 | +27.32 | $218 |
| Loan / Deposit Ratio (%) | ▼ | 106.03% | -3.93 | 109.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.03 | 0.18% |
| Allowance / Loans (%) | — | 1.20% | -0.04% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.20 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.32% | +0.37 | 9.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 2.07% | 2.17% | 2.46% | 2.57% | 2.63% | 2.74% | 2.88% | 2.94% |
| ▁▁▃▄▅▅▇█ | Return on Assets (%) | 0.37% | 0.42% | 0.57% | 0.61% | 0.66% | 0.71% | 0.81% | 0.91% |
| ██▆▄▃▃▁▁ | Efficiency Ratio (%) | 72.9% | 71.7% | 66.1% | 62.5% | 60.2% | 59.5% | 55.7% | 53.8% |
| █▇▄▅▅▃▁▁ | Cost of Funds (%) | 3.31% | 3.10% | 2.76% | 2.84% | 2.82% | 2.66% | 2.33% | 2.32% |
| ▁▄▄▆█▇█▅ | NPA / Assets (%) | 0.00% | 0.12% | 0.14% | 0.18% | 0.28% | 0.22% | 0.27% | 0.15% |
| ▁▅▆▇█▆▅▁ | Net Charge-Off Ratio (%) | 0.00% | 0.14% | 0.17% | 0.22% | 0.25% | 0.17% | 0.16% | 0.01% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $190 | $192 | $197 | $202 | $210 | $216 | $221 | $229 |
| ▁▂▂▄▆█▆█ | Gross Loans ($M) | $2,012 | $2,070 | $2,062 | $2,122 | $2,189 | $2,223 | $2,172 | $2,252 |
| ▁▁▃▃▆███ | Total Deposits ($M) | $1,808 | $1,801 | $1,899 | $1,906 | $2,011 | $2,064 | $2,092 | $2,098 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |