Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.52% | -0.17 | 0.69% |
| Return on Equity (%) | ▼ | 4.09% | -1.11 | 5.20% |
| Net Interest Margin (%) | ▼ | 3.30% | -0.14 | 3.44% |
| Efficiency Ratio (%) | ▼ | 76.70% | +5.51 | 71.19% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 2.59% | -0.31 | 2.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,030 | +478.88 | $551 |
| Gross Loans ($M) | ▲ | $721 | +349.36 | $372 |
| Loan Growth YoY (%) | ▼ | 80.23% | -1.18 | 81.41% |
| Total Deposits ($M) | ▲ | $890 | +438.70 | $451 |
| Shareholders Equity ($M) | ▲ | $124 | +36.29 | $88 |
| Tang. Book Value ($M) | ▲ | $124 | +36.42 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $129 | +38.78 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 80.23% | -1.18 | 81.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.03% | -0.24% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅██▆▃ | Net Interest Margin (%) | 3.15% | 3.14% | 3.26% | 3.44% | 3.56% | 3.62% | 3.46% | 3.30% |
| █▅█▄▂▄▁▁ | Return on Assets (%) | 0.91% | 0.73% | 0.93% | 0.69% | 0.57% | 0.69% | 0.57% | 0.52% |
| ▆▇▆▆▃▁██ | Efficiency Ratio (%) | 72.6% | 74.1% | 71.1% | 71.2% | 66.8% | 61.0% | 75.3% | 76.7% |
| ██▄▅▂▃▄▁ | Cost of Funds (%) | 3.09% | 3.05% | 2.79% | 2.89% | 2.67% | 2.77% | 2.82% | 2.59% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.21% | 0.19% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.29% | 0.26% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% |
| ▁▁▂▅▆▆▆█ | Tang. Book Value ($M) | $45 | $44 | $61 | $88 | $96 | $103 | $104 | $124 |
| ▁▁▂▂▄▅▆█ | Gross Loans ($M) | $269 | $298 | $334 | $372 | $448 | $514 | $570 | $721 |
| ▁▁▂▂▄▅▆█ | Total Deposits ($M) | $325 | $370 | $419 | $451 | $556 | $646 | $682 | $890 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 11% |