Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 8.13% | -0.44 | 8.58% |
| Return on Equity (%) | ▼ | 73.35% | -29.57 | 102.92% |
| Net Interest Margin (%) | ▼ | 8.63% | -3.90 | 12.53% |
| Efficiency Ratio (%) | ▼ | 38.91% | +7.44 | 31.47% |
| Pre-Provision Profit ($M) | ▲ | $44 | +10.71 | $34 |
| Cost of Funds (%) | ▲ | 2.07% | -0.33 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,769 | +934.91 | $834 |
| Gross Loans ($M) | ▲ | $359 | +148.12 | $211 |
| Loan Growth YoY (%) | ▼ | 23.32% | -5.93 | 29.25% |
| Total Deposits ($M) | ▲ | $1,530 | +817.13 | $712 |
| Shareholders Equity ($M) | ▲ | $175 | +89.14 | $86 |
| Tang. Book Value ($M) | ▲ | $175 | +89.14 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $205 | +103.40 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 23.32% | -5.93 | 29.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.10 | 0.11% |
| Allowance / Loans (%) | — | 0.56% | -0.46% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.39 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 25.03% | -3.17 | 28.20% |
Noninterest income ($46.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃█▇▇▆▅ | Net Interest Margin (%) | 4.16% | 3.94% | 6.38% | 12.53% | 10.86% | 10.59% | 9.63% | 8.63% |
| ▁▁▅█████ | Return on Assets (%) | 1.78% | 2.29% | 5.47% | 8.58% | 7.80% | 7.76% | 8.28% | 8.13% |
| ██▃▁▁▂▂▂ | Efficiency Ratio (%) | 65.7% | 62.6% | 40.9% | 31.5% | 32.2% | 36.4% | 38.9% | 38.9% |
| ▁▂▁▄▅█▆▃ | Cost of Funds (%) | 1.08% | 1.64% | 1.36% | 2.39% | 2.49% | 3.74% | 2.83% | 2.07% |
| █▇▇▇▆▇▄▁ | NPA / Assets (%) | 0.14% | 0.13% | 0.12% | 0.11% | 0.10% | 0.11% | 0.07% | 0.01% |
| █▇▇▇██▅▁ | Net Charge-Off Ratio (%) | 0.45% | 0.43% | 0.42% | 0.44% | 0.50% | 0.46% | 0.29% | 0.06% |
| ▁▁▁▃▄▅▇█ | Tang. Book Value ($M) | $47 | $48 | $62 | $85 | $109 | $124 | $145 | $175 |
| ▁▁▁▁▁▁▇█ | Gross Loans ($M) | $210 | $215 | $222 | $211 | $226 | $212 | $323 | $359 |
| ▁▁▁▂▄▁▆█ | Total Deposits ($M) | $590 | $654 | $689 | $712 | $1,029 | $688 | $1,185 | $1,530 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 9% |
| Consumer | 45% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 72% |