Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.71% | -0.11 | 1.82% |
| Return on Equity (%) | ▲ | 23.94% | +0.49 | 23.45% |
| Net Interest Margin (%) | ▼ | 3.39% | -0.31 | 3.70% |
| Efficiency Ratio (%) | ▼ | 49.04% | +3.79 | 45.25% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.50 | $6 |
| Cost of Funds (%) | ▼ | 2.83% | +0.37 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,554 | +314.82 | $1,239 |
| Gross Loans ($M) | ▲ | $900 | +145.24 | $755 |
| Loan Growth YoY (%) | ▲ | 68.63% | +1.33 | 67.30% |
| Total Deposits ($M) | ▲ | $1,291 | +186.75 | $1,104 |
| Shareholders Equity ($M) | ▲ | $120 | +27.62 | $93 |
| Tang. Book Value ($M) | ▲ | $120 | +27.62 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +35.86 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 68.63% | +1.33 | 67.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.46 | 0.44% |
| Allowance / Loans (%) | — | 1.51% | 0.02% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.72 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂█▇▇▄▁▂ | Net Interest Margin (%) | 3.25% | 3.36% | 3.83% | 3.70% | 3.70% | 3.53% | 3.32% | 3.39% |
| ▁▂▄▆█▇▅▅ | Return on Assets (%) | 1.40% | 1.50% | 1.65% | 1.82% | 1.97% | 1.86% | 1.71% | 1.71% |
| ▁▁▁▃▄▅█▆ | Efficiency Ratio (%) | 43.1% | 42.4% | 43.6% | 45.3% | 46.8% | 47.7% | 52.6% | 49.0% |
| ▆▂▃▄▃▁▃█ | Cost of Funds (%) | 2.63% | 2.32% | 2.34% | 2.46% | 2.39% | 2.17% | 2.35% | 2.83% |
| ▃▂▃▂█▁▂█ | NPA / Assets (%) | 0.52% | 0.44% | 0.50% | 0.44% | 0.91% | 0.36% | 0.43% | 0.90% |
| ▂▁▁▁█▁▁█ | Net Charge-Off Ratio (%) | 0.76% | 0.65% | 0.73% | 0.73% | 1.39% | 0.67% | 0.65% | 1.45% |
| ▁▁▁▁▅▅▆█ | Tang. Book Value ($M) | $90 | $89 | $91 | $93 | $106 | $107 | $110 | $120 |
| ▃▂▁▁▁▄██ | Gross Loans ($M) | $798 | $793 | $767 | $755 | $764 | $829 | $916 | $900 |
| ▃▁▁▄▃▅▇█ | Total Deposits ($M) | $1,018 | $935 | $918 | $1,104 | $1,021 | $1,125 | $1,233 | $1,291 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 17% |