Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.33 | 1.04% |
| Return on Equity (%) | ▲ | 11.69% | +2.47 | 9.22% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.41 | 2.95% |
| Efficiency Ratio (%) | ▲ | 48.73% | -5.93 | 54.66% |
| Pre-Provision Profit ($M) | ▲ | $12 | +3.75 | $8 |
| Cost of Funds (%) | ▲ | 1.94% | -0.47 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,363 | +129.94 | $2,233 |
| Gross Loans ($M) | ▲ | $1,899 | +30.28 | $1,869 |
| Loan Growth YoY (%) | ▼ | 91.34% | -5.81 | 97.15% |
| Total Deposits ($M) | ▲ | $2,059 | +153.19 | $1,905 |
| Shareholders Equity ($M) | ▲ | $280 | +24.14 | $256 |
| Tang. Book Value ($M) | ▲ | $272 | +24.24 | $248 |
| TBV excl. AOCI ($M)** | ▲ | $280 | +23.75 | $256 |
| Loan / Deposit Ratio (%) | ▼ | 91.34% | -5.81 | 97.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.00 | 0.47% |
| Allowance / Loans (%) | — | 1.01% | 0.04% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.03 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.41% | +1.11 | 14.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅▇█ | Net Interest Margin (%) | 2.60% | 2.67% | 2.89% | 2.95% | 2.96% | 3.01% | 3.24% | 3.37% |
| ▁▁▄▅▅▅▇█ | Return on Assets (%) | 0.67% | 0.74% | 1.00% | 1.04% | 1.04% | 1.05% | 1.22% | 1.37% |
| ██▅▅▄▄▂▁ | Efficiency Ratio (%) | 59.8% | 58.8% | 55.5% | 54.7% | 54.2% | 53.2% | 50.9% | 48.7% |
| ██▆▆▆▅▂▁ | Cost of Funds (%) | 2.58% | 2.57% | 2.37% | 2.41% | 2.34% | 2.32% | 2.03% | 1.94% |
| ▁█▇▆▆▆▇▆ | NPA / Assets (%) | 0.16% | 0.59% | 0.48% | 0.47% | 0.48% | 0.48% | 0.52% | 0.48% |
| ▁█▇▇▇▇█▇ | Net Charge-Off Ratio (%) | 0.19% | 0.69% | 0.57% | 0.57% | 0.60% | 0.56% | 0.64% | 0.59% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $233 | $238 | $245 | $248 | $255 | $259 | $263 | $272 |
| ▂▂▃▂▁█▇▄ | Gross Loans ($M) | $1,875 | $1,870 | $1,882 | $1,869 | $1,858 | $1,941 | $1,923 | $1,899 |
| ▄▁▂▂▅▆██ | Total Deposits ($M) | $1,963 | $1,872 | $1,908 | $1,905 | $1,980 | $1,998 | $2,037 | $2,059 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 24% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 20% |