Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.10 | 1.84% |
| Return on Equity (%) | ▲ | 17.77% | +2.17 | 15.60% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.39 | 3.69% |
| Efficiency Ratio (%) | ▼ | 40.33% | +2.53 | 37.80% |
| Pre-Provision Profit ($M) | ▲ | $30 | +6.19 | $24 |
| Cost of Funds (%) | ▲ | 2.36% | -0.06 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,466 | +856.18 | $3,609 |
| Gross Loans ($M) | ▲ | $3,960 | +831.16 | $3,129 |
| Loan Growth YoY (%) | ▼ | 111.54% | -2.64 | 114.18% |
| Total Deposits ($M) | ▲ | $3,527 | +803.16 | $2,724 |
| Shareholders Equity ($M) | ▲ | $515 | +81.47 | $434 |
| Tang. Book Value ($M) | ▲ | $498 | +66.35 | $432 |
| TBV excl. AOCI ($M)** | ▲ | $500 | +66.91 | $434 |
| Loan / Deposit Ratio (%) | ▼ | 111.54% | -2.64 | 114.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.00 | 0.42% |
| Allowance / Loans (%) | — | 0.65% | 0.05% | 0.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.02 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.14% | -2.65 | 19.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▂██ | Net Interest Margin (%) | 3.50% | 3.52% | 3.59% | 3.69% | 3.70% | 3.61% | 4.04% | 4.08% |
| ▂▂▁▃▄▁▇█ | Return on Assets (%) | 1.81% | 1.82% | 1.81% | 1.84% | 1.86% | 1.79% | 1.92% | 1.94% |
| ▁▂▃▂▃▇█▇ | Efficiency Ratio (%) | 36.7% | 37.5% | 38.4% | 37.8% | 38.1% | 40.6% | 41.4% | 40.3% |
| █▇▅▅▆▁▄▅ | Cost of Funds (%) | 2.65% | 2.52% | 2.41% | 2.43% | 2.45% | 2.07% | 2.29% | 2.36% |
| ▃▇▆▂▁█▁▂ | NPA / Assets (%) | 0.44% | 0.52% | 0.51% | 0.42% | 0.38% | 0.56% | 0.39% | 0.42% |
| ▂▆▅▂▁█▁▂ | Net Charge-Off Ratio (%) | 0.46% | 0.57% | 0.53% | 0.46% | 0.41% | 0.64% | 0.42% | 0.44% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $404 | $417 | $424 | $432 | $442 | $471 | $484 | $498 |
| ▁▁▁▁▁███ | Gross Loans ($M) | $3,095 | $3,161 | $3,170 | $3,129 | $3,201 | $4,063 | $4,004 | $3,960 |
| ▁▁▁▁▁██▇ | Total Deposits ($M) | $2,753 | $2,762 | $2,767 | $2,724 | $2,729 | $3,673 | $3,659 | $3,527 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 37% |
| Brokered / Other | 40% |