Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.14% | -0.01 | 0.15% |
| Return on Equity (%) | ▼ | 1.51% | -0.16 | 1.67% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.14 | 3.86% |
| Efficiency Ratio (%) | ▲ | 76.07% | -0.18 | 76.26% |
| Pre-Provision Profit ($M) | ▼ | $5 | -1.10 | $6 |
| Cost of Funds (%) | ▼ | 1.47% | +0.06 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,027 | +75.32 | $1,952 |
| Gross Loans ($M) | ▲ | $1,545 | +209.85 | $1,335 |
| Loan Growth YoY (%) | ▲ | 89.27% | +11.36 | 77.91% |
| Total Deposits ($M) | ▲ | $1,700 | +16.64 | $1,684 |
| Shareholders Equity ($M) | ▲ | $188 | +8.77 | $179 |
| Tang. Book Value ($M) | ▲ | $188 | +8.77 | $179 |
| TBV excl. AOCI ($M)** | ▲ | $203 | +5.49 | $197 |
| Loan / Deposit Ratio (%) | ▲ | 89.27% | +11.36 | 77.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.93% | +0.89 | 1.04% |
| Allowance / Loans (%) | — | 1.76% | 0.00% | 1.76% |
| Net Charge-Off Ratio (%) | ▼ | 2.53% | +1.02 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▁▅▆▆██ | Net Interest Margin (%) | 3.95% | 3.99% | 3.71% | 3.86% | 3.91% | 3.92% | 4.00% | 4.00% |
| ██▂▅▆▅▁▅ | Return on Assets (%) | 0.58% | 0.50% | -0.14% | 0.15% | 0.33% | 0.15% | -0.34% | 0.14% |
| ▃▂█▄▁▂▃▄ | Efficiency Ratio (%) | 74.7% | 74.1% | 81.2% | 76.3% | 72.2% | 73.7% | 74.8% | 76.1% |
| ▂█▇▁▇▅▃▄ | Cost of Funds (%) | 1.44% | 1.53% | 1.51% | 1.41% | 1.50% | 1.48% | 1.45% | 1.47% |
| ▁▁▄▁▆▅█▇ | NPA / Assets (%) | 0.96% | 0.92% | 1.41% | 1.04% | 1.68% | 1.61% | 2.13% | 1.93% |
| ▁▁▄▁▆▅█▇ | Net Charge-Off Ratio (%) | 1.43% | 1.40% | 2.07% | 1.52% | 2.35% | 2.16% | 2.79% | 2.53% |
| ▅▁▂▃▇█▆█ | Tang. Book Value ($M) | $182 | $174 | $177 | $179 | $186 | $187 | $184 | $188 |
| ▁▁▁▂▃▇▇█ | Gross Loans ($M) | $1,267 | $1,279 | $1,277 | $1,335 | $1,369 | $1,476 | $1,508 | $1,545 |
| ▁█▂▇▃▅▄█ | Total Deposits ($M) | $1,618 | $1,704 | $1,633 | $1,684 | $1,640 | $1,668 | $1,655 | $1,700 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 6% |
| Consumer | 32% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 22% |