Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.24 | 1.78% |
| Return on Equity (%) | ▲ | 18.54% | +1.01 | 17.53% |
| Net Interest Margin (%) | ▲ | 5.22% | +0.29 | 4.93% |
| Efficiency Ratio (%) | ▲ | 44.38% | -2.88 | 47.27% |
| Pre-Provision Profit ($M) | ▲ | $19 | +2.52 | $17 |
| Cost of Funds (%) | ▲ | 1.40% | -0.47 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,708 | +253.31 | $2,454 |
| Gross Loans ($M) | ▲ | $2,133 | +42.84 | $2,090 |
| Loan Growth YoY (%) | ▼ | 88.17% | -6.99 | 95.16% |
| Total Deposits ($M) | ▲ | $2,384 | +217.72 | $2,167 |
| Shareholders Equity ($M) | ▲ | $299 | +38.52 | $261 |
| Tang. Book Value ($M) | ▲ | $298 | +38.77 | $259 |
| TBV excl. AOCI ($M)** | ▲ | $309 | +41.18 | $268 |
| Loan / Deposit Ratio (%) | ▼ | 88.17% | -6.99 | 95.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.50% | +0.83 | 0.66% |
| Allowance / Loans (%) | — | 1.43% | 0.08% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.26% | +0.89 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.61% | +1.49 | 12.12% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▅██ | Net Interest Margin (%) | 4.52% | 4.59% | 4.73% | 4.93% | 4.90% | 4.95% | 5.20% | 5.22% |
| ▁▂▄▄▃▃▇█ | Return on Assets (%) | 1.56% | 1.63% | 1.79% | 1.78% | 1.72% | 1.70% | 1.91% | 2.02% |
| ██▄▅▇▆▁▁ | Efficiency Ratio (%) | 49.1% | 48.6% | 46.6% | 47.3% | 47.9% | 47.6% | 44.1% | 44.4% |
| █▆▅▅▄▃▁▁ | Cost of Funds (%) | 2.33% | 2.09% | 1.96% | 1.88% | 1.79% | 1.65% | 1.41% | 1.40% |
| ▁▁▁▁▇█▆▆ | NPA / Assets (%) | 0.48% | 0.47% | 0.63% | 0.66% | 1.79% | 2.00% | 1.60% | 1.50% |
| ▁▁▂▁██▇▅ | Net Charge-Off Ratio (%) | 0.57% | 0.55% | 0.75% | 0.37% | 1.81% | 1.98% | 1.61% | 1.26% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $227 | $236 | $247 | $259 | $269 | $275 | $287 | $298 |
| ▁▅▅▅▅███ | Gross Loans ($M) | $2,014 | $2,088 | $2,081 | $2,090 | $2,082 | $2,128 | $2,142 | $2,133 |
| ▁▁▃▂▅▄██ | Total Deposits ($M) | $2,111 | $2,138 | $2,195 | $2,167 | $2,276 | $2,228 | $2,376 | $2,384 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |