Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.23 | 0.96% |
| Return on Equity (%) | ▲ | 9.75% | +1.77 | 7.98% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.29 | 2.69% |
| Efficiency Ratio (%) | ▲ | 49.08% | -3.09 | 52.17% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.28 | $8 |
| Cost of Funds (%) | ▲ | 2.01% | -0.21 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,399 | +134.39 | $2,264 |
| Gross Loans ($M) | ▲ | $2,015 | +98.02 | $1,917 |
| Loan Growth YoY (%) | ▲ | 99.89% | +0.16 | 99.73% |
| Total Deposits ($M) | ▲ | $1,997 | +94.12 | $1,903 |
| Shareholders Equity ($M) | ▲ | $295 | +18.18 | $277 |
| Tang. Book Value ($M) | ▲ | $295 | +18.16 | $276 |
| TBV excl. AOCI ($M)** | ▲ | $305 | +18.06 | $287 |
| Loan / Deposit Ratio (%) | ▲ | 99.89% | +0.16 | 99.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | -0.00% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.59% | +0.33 | 15.26% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.29% | 2.37% | 2.62% | 2.69% | 2.73% | 2.76% | 2.93% | 2.98% |
| ▁▁▃▄▄▅▇█ | Return on Assets (%) | 0.80% | 0.84% | 0.95% | 0.96% | 0.98% | 1.01% | 1.12% | 1.19% |
| █▇▄▃▃▂▂▁ | Efficiency Ratio (%) | 58.1% | 56.5% | 53.1% | 52.2% | 52.3% | 50.7% | 50.7% | 49.1% |
| █▆▄▃▃▃▁▁ | Cost of Funds (%) | 2.63% | 2.43% | 2.27% | 2.22% | 2.24% | 2.21% | 2.08% | 2.01% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.45% | 0.00% | 0.00% | 0.00% | 0.05% | 0.04% | 0.01% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.53% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 0.01% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $263 | $265 | $271 | $276 | $282 | $283 | $287 | $295 |
| ▁▂▂▄▅▇▇█ | Gross Loans ($M) | $1,843 | $1,872 | $1,870 | $1,917 | $1,938 | $1,975 | $1,974 | $2,015 |
| ▄▁▃▁▆▇██ | Total Deposits ($M) | $1,940 | $1,899 | $1,928 | $1,903 | $1,971 | $1,980 | $1,993 | $1,997 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 35% |