Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -0.08 | 1.01% |
| Return on Equity (%) | ▼ | 8.25% | -1.19 | 9.44% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.02 | 3.68% |
| Efficiency Ratio (%) | ▲ | 54.89% | -1.63 | 56.52% |
| Pre-Provision Profit ($M) | ▲ | $17 | +0.98 | $16 |
| Cost of Funds (%) | ▲ | 2.20% | -0.31 | 2.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,087 | +68.07 | $4,019 |
| Gross Loans ($M) | ▲ | $3,373 | +43.52 | $3,329 |
| Loan Growth YoY (%) | ▼ | 100.08% | -3.72 | 103.80% |
| Total Deposits ($M) | ▲ | $3,324 | +155.47 | $3,168 |
| Shareholders Equity ($M) | ▲ | $453 | +30.84 | $422 |
| Tang. Book Value ($M) | ▲ | $403 | +32.40 | $370 |
| TBV excl. AOCI ($M)** | ▲ | $411 | +33.80 | $377 |
| Loan / Deposit Ratio (%) | ▼ | 100.08% | -3.72 | 103.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.42 | 0.29% |
| Allowance / Loans (%) | — | 1.38% | 0.15% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.51 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.89% | +0.93 | 9.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆█▄▄ | Net Interest Margin (%) | 3.64% | 3.65% | 3.64% | 3.68% | 3.74% | 3.79% | 3.70% | 3.70% |
| ██▅▅▆▇▁▄ | Return on Assets (%) | 1.16% | 1.15% | 0.98% | 1.01% | 1.06% | 1.11% | 0.77% | 0.92% |
| ▄▅█▇▄▁▇▅ | Efficiency Ratio (%) | 54.7% | 54.9% | 57.5% | 56.5% | 54.5% | 52.2% | 56.4% | 54.9% |
| █▇▄▅▅▄▁▁ | Cost of Funds (%) | 2.78% | 2.67% | 2.44% | 2.50% | 2.54% | 2.44% | 2.20% | 2.20% |
| ▂▂▁▁▁▂▆█ | NPA / Assets (%) | 0.33% | 0.33% | 0.30% | 0.29% | 0.25% | 0.36% | 0.55% | 0.71% |
| ▁▁▁▂▂▃▆█ | Net Charge-Off Ratio (%) | 0.22% | 0.21% | 0.21% | 0.35% | 0.30% | 0.43% | 0.67% | 0.86% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $349 | $356 | $362 | $370 | $380 | $392 | $398 | $403 |
| ▁▂▅▇█▆▇█ | Gross Loans ($M) | $3,087 | $3,144 | $3,237 | $3,329 | $3,374 | $3,293 | $3,304 | $3,373 |
| ▁▁▃▄▆▅▆█ | Total Deposits ($M) | $3,050 | $3,056 | $3,120 | $3,168 | $3,224 | $3,202 | $3,227 | $3,324 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 19% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |