Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.16 | 0.62% |
| Return on Equity (%) | ▲ | 6.95% | +1.08 | 5.87% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.22 | 2.80% |
| Efficiency Ratio (%) | ▲ | 61.36% | -7.23 | 68.59% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.52 | $3 |
| Cost of Funds (%) | ▲ | 2.15% | -0.50 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,795 | +306.41 | $1,489 |
| Gross Loans ($M) | ▲ | $1,368 | +104.23 | $1,264 |
| Loan Growth YoY (%) | ▼ | 90.66% | -11.25 | 101.91% |
| Total Deposits ($M) | ▲ | $1,496 | +266.95 | $1,229 |
| Shareholders Equity ($M) | ▲ | $192 | +37.01 | $155 |
| Tang. Book Value ($M) | ▲ | $192 | +37.01 | $155 |
| TBV excl. AOCI ($M)** | ▲ | $195 | +37.16 | $158 |
| Loan / Deposit Ratio (%) | ▼ | 90.66% | -11.25 | 101.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.29 | 0.94% |
| Allowance / Loans (%) | — | 0.91% | -0.03% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.26 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.99% | +1.77 | 12.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆██ | Net Interest Margin (%) | 2.64% | 2.70% | 2.78% | 2.80% | 2.85% | 2.90% | 3.02% | 3.02% |
| ▁▂▄▄▅▅█▆ | Return on Assets (%) | 0.26% | 0.39% | 0.65% | 0.62% | 0.66% | 0.71% | 1.07% | 0.78% |
| █▇▄▄▃▃▁▁ | Efficiency Ratio (%) | 83.2% | 79.9% | 70.0% | 68.6% | 67.3% | 66.3% | 59.7% | 61.4% |
| ██▅▆▅▄▃▁ | Cost of Funds (%) | 2.91% | 2.81% | 2.55% | 2.65% | 2.58% | 2.46% | 2.40% | 2.15% |
| ▁▁▁▇▇▇█▅ | NPA / Assets (%) | 0.11% | 0.00% | 0.00% | 0.94% | 0.91% | 0.85% | 1.11% | 0.65% |
| ▁▁▁▇▇▇█▆ | Net Charge-Off Ratio (%) | 0.13% | 0.00% | 0.00% | 1.10% | 1.09% | 1.01% | 1.35% | 0.85% |
| ▁▁▁▂▃▇██ | Tang. Book Value ($M) | $146 | $148 | $152 | $155 | $158 | $185 | $189 | $192 |
| ▁▁▃▅▅█▇█ | Gross Loans ($M) | $1,160 | $1,184 | $1,227 | $1,264 | $1,271 | $1,348 | $1,331 | $1,368 |
| ▁▁▂▃▃▅▅█ | Total Deposits ($M) | $1,096 | $1,133 | $1,185 | $1,229 | $1,245 | $1,318 | $1,323 | $1,496 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 33% |