Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.38 | 0.92% |
| Return on Equity (%) | ▲ | 11.37% | +2.59 | 8.78% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.42 | 2.67% |
| Efficiency Ratio (%) | ▼ | 51.09% | +0.28 | 50.81% |
| Pre-Provision Profit ($M) | ▲ | $21 | +2.88 | $18 |
| Cost of Funds (%) | ▲ | 2.40% | -0.28 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,378 | +88.89 | $5,289 |
| Gross Loans ($M) | ▲ | $4,418 | +279.75 | $4,138 |
| Loan Growth YoY (%) | ▲ | 100.00% | +4.59 | 95.42% |
| Total Deposits ($M) | ▲ | $4,360 | +81.85 | $4,279 |
| Shareholders Equity ($M) | ▲ | $631 | +81.39 | $550 |
| Tang. Book Value ($M) | ▲ | $613 | +82.31 | $530 |
| TBV excl. AOCI ($M)** | ▲ | $643 | +75.38 | $567 |
| Loan / Deposit Ratio (%) | ▲ | 100.00% | +4.59 | 95.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.21 | 0.20% |
| Allowance / Loans (%) | — | 1.30% | -0.05% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.25 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.73% | +0.57 | 12.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.37% | 2.37% | 2.60% | 2.67% | 2.73% | 2.79% | 3.02% | 3.09% |
| ▁▁▁▂▂▃█▇ | Return on Assets (%) | 0.81% | 0.79% | 0.85% | 0.92% | 0.95% | 0.99% | 1.42% | 1.30% |
| ██▅▂▂▁▆▃ | Efficiency Ratio (%) | 54.1% | 53.8% | 52.2% | 50.8% | 50.7% | 50.0% | 52.6% | 51.1% |
| █▅▄▄▅▄▁▁ | Cost of Funds (%) | 3.09% | 2.77% | 2.67% | 2.67% | 2.81% | 2.65% | 2.36% | 2.40% |
| ▄▁▄▄▄█▅█ | NPA / Assets (%) | 0.19% | 0.01% | 0.20% | 0.20% | 0.19% | 0.41% | 0.22% | 0.40% |
| ▄▁▄▄▄█▅█ | Net Charge-Off Ratio (%) | 0.23% | 0.01% | 0.26% | 0.24% | 0.24% | 0.51% | 0.27% | 0.49% |
| ▁▁▂▂▄▆▇█ | Tang. Book Value ($M) | $514 | $505 | $519 | $530 | $554 | $576 | $590 | $613 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $3,680 | $3,862 | $4,013 | $4,138 | $4,206 | $4,301 | $4,359 | $4,418 |
| ▁▅▆▇████ | Total Deposits ($M) | $3,770 | $4,106 | $4,179 | $4,279 | $4,319 | $4,343 | $4,326 | $4,360 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 23% |