Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.01 | 1.38% |
| Return on Equity (%) | ▼ | 11.42% | -0.13 | 11.55% |
| Net Interest Margin (%) | ▼ | 3.99% | -0.07 | 4.07% |
| Efficiency Ratio (%) | ▼ | 57.37% | +2.40 | 54.97% |
| Pre-Provision Profit ($M) | ▲ | $33 | +6.98 | $26 |
| Cost of Funds (%) | ▲ | 2.59% | -0.45 | 3.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,728 | +1787.56 | $4,941 |
| Gross Loans ($M) | ▲ | $5,436 | +1356.68 | $4,080 |
| Loan Growth YoY (%) | ▼ | 91.91% | -2.43 | 94.34% |
| Total Deposits ($M) | ▲ | $5,857 | +1574.73 | $4,282 |
| Shareholders Equity ($M) | ▲ | $807 | +202.80 | $604 |
| Tang. Book Value ($M) | ▲ | $752 | +167.49 | $585 |
| TBV excl. AOCI ($M)** | ▲ | $782 | +169.26 | $613 |
| Loan / Deposit Ratio (%) | ▼ | 91.91% | -2.43 | 94.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.23 | 0.58% |
| Allowance / Loans (%) | — | 0.99% | 0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.01 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.10% | -0.46 | 12.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆██▃▄ | Net Interest Margin (%) | 3.79% | 3.82% | 3.79% | 4.07% | 4.18% | 4.21% | 3.92% | 3.99% |
| ▁▁▃▆██▂▆ | Return on Assets (%) | 1.16% | 1.19% | 1.25% | 1.38% | 1.44% | 1.46% | 1.22% | 1.37% |
| ▄▄▄▂▁▁█▄ | Efficiency Ratio (%) | 57.9% | 57.4% | 57.4% | 55.0% | 53.4% | 53.8% | 62.8% | 57.4% |
| █▇▄▅▆▃▁▁ | Cost of Funds (%) | 3.51% | 3.27% | 2.96% | 3.04% | 3.15% | 2.86% | 2.54% | 2.59% |
| ▁▂▁▂▂▁▅█ | NPA / Assets (%) | 0.53% | 0.58% | 0.56% | 0.58% | 0.60% | 0.56% | 0.67% | 0.81% |
| ▆█▁▁▂▁█▂ | Net Charge-Off Ratio (%) | 0.62% | 0.70% | 0.47% | 0.49% | 0.52% | 0.49% | 0.68% | 0.50% |
| ▁▁▂▂▃▄██ | Tang. Book Value ($M) | $538 | $549 | $571 | $585 | $605 | $626 | $728 | $752 |
| ▁▁▁▁▂▃██ | Gross Loans ($M) | $3,890 | $3,966 | $3,988 | $4,080 | $4,165 | $4,395 | $5,251 | $5,436 |
| ▁▂▂▂▂▃██ | Total Deposits ($M) | $3,995 | $4,313 | $4,249 | $4,282 | $4,373 | $4,629 | $5,719 | $5,857 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 44% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 22% |