Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.13 | 1.67% |
| Return on Equity (%) | ▲ | 14.35% | +0.45 | 13.90% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.16 | 3.92% |
| Efficiency Ratio (%) | ▲ | 39.90% | -1.83 | 41.73% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.25 | $8 |
| Cost of Funds (%) | ▲ | 2.29% | -0.25 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,515 | +112.66 | $1,402 |
| Gross Loans ($M) | ▲ | $1,260 | +84.08 | $1,176 |
| Loan Growth YoY (%) | ▼ | 96.62% | -1.34 | 97.97% |
| Total Deposits ($M) | ▲ | $1,293 | +103.16 | $1,190 |
| Shareholders Equity ($M) | ▲ | $187 | +19.77 | $167 |
| Tang. Book Value ($M) | ▲ | $173 | +20.72 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $182 | +22.97 | $159 |
| Loan / Deposit Ratio (%) | ▼ | 96.62% | -1.34 | 97.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.04 | 0.06% |
| Allowance / Loans (%) | — | 0.86% | -0.03% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.09 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.89 | 12.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▂▆▇██ | Net Interest Margin (%) | 3.92% | 3.93% | 3.87% | 3.92% | 4.00% | 4.04% | 4.08% | 4.07% |
| ▁▂▄▅▇███ | Return on Assets (%) | 1.50% | 1.57% | 1.63% | 1.67% | 1.74% | 1.79% | 1.76% | 1.80% |
| █▅▆▅▃▂▂▁ | Efficiency Ratio (%) | 43.2% | 41.9% | 42.0% | 41.7% | 40.9% | 40.4% | 40.6% | 39.9% |
| ██▅▄▅▃▁▁ | Cost of Funds (%) | 2.82% | 2.77% | 2.60% | 2.53% | 2.58% | 2.45% | 2.25% | 2.29% |
| ▆▅▁▃█▄▄█ | NPA / Assets (%) | 0.08% | 0.07% | 0.04% | 0.06% | 0.10% | 0.06% | 0.06% | 0.10% |
| ▆▅▂▁▅▄▄█ | Net Charge-Off Ratio (%) | 0.10% | 0.08% | 0.04% | 0.03% | 0.09% | 0.07% | 0.08% | 0.12% |
| ▁▂▃▄▅▇▇█ | Tang. Book Value ($M) | $139 | $145 | $149 | $152 | $159 | $166 | $168 | $173 |
| ▁▂▃▅▅▅▇█ | Gross Loans ($M) | $1,086 | $1,129 | $1,149 | $1,176 | $1,181 | $1,180 | $1,219 | $1,260 |
| ▁▂▃▄▄▄▇█ | Total Deposits ($M) | $1,090 | $1,118 | $1,156 | $1,190 | $1,182 | $1,189 | $1,246 | $1,293 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 20% |