Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.46 | 0.86% |
| Return on Equity (%) | ▲ | 11.66% | +2.97 | 8.69% |
| Net Interest Margin (%) | ▲ | 4.20% | +1.08 | 3.12% |
| Efficiency Ratio (%) | ▲ | 61.60% | -12.41 | 74.01% |
| Pre-Provision Profit ($M) | ▲ | $13 | +6.39 | $6 |
| Cost of Funds (%) | ▲ | 1.98% | -0.25 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,852 | +1107.51 | $2,744 |
| Gross Loans ($M) | ▲ | $3,060 | +953.53 | $2,106 |
| Loan Growth YoY (%) | ▲ | 94.03% | +5.78 | 88.25% |
| Total Deposits ($M) | ▲ | $3,216 | +859.01 | $2,357 |
| Shareholders Equity ($M) | ▲ | $445 | +167.59 | $277 |
| Tang. Book Value ($M) | ▲ | $373 | +137.31 | $236 |
| TBV excl. AOCI ($M)** | ▲ | $396 | +140.38 | $256 |
| Loan / Deposit Ratio (%) | ▲ | 94.03% | +5.78 | 88.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.15 | 0.48% |
| Allowance / Loans (%) | — | 1.18% | -0.08% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.28 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.51% | +1.27 | 12.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃██ | Net Interest Margin (%) | 2.85% | 2.87% | 3.03% | 3.12% | 3.22% | 3.27% | 4.36% | 4.20% |
| ▁▁▃▂▂▂█▆ | Return on Assets (%) | 0.75% | 0.81% | 1.00% | 0.86% | 0.87% | 0.89% | 1.58% | 1.32% |
| ▇▆█▇▆▆▁▂ | Efficiency Ratio (%) | 72.7% | 70.8% | 76.3% | 74.0% | 71.7% | 70.1% | 58.7% | 61.6% |
| ██▅▄▄▂▁▁ | Cost of Funds (%) | 2.61% | 2.55% | 2.30% | 2.23% | 2.22% | 2.13% | 2.06% | 1.98% |
| ▁▆▃▅▄▄██ | NPA / Assets (%) | 0.32% | 0.52% | 0.43% | 0.48% | 0.44% | 0.45% | 0.61% | 0.63% |
| ▁▄▂▃▃▄██ | Net Charge-Off Ratio (%) | 0.19% | 0.42% | 0.27% | 0.36% | 0.36% | 0.43% | 0.66% | 0.63% |
| ▂▁▁▁▃▃██ | Tang. Book Value ($M) | $244 | $221 | $232 | $236 | $268 | $272 | $366 | $373 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $2,156 | $2,125 | $2,107 | $2,106 | $2,151 | $2,176 | $3,068 | $3,060 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $2,289 | $2,347 | $2,348 | $2,357 | $2,381 | $2,360 | $3,237 | $3,216 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 19% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |