Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.26 | 0.84% |
| Return on Equity (%) | ▲ | 12.94% | +2.80 | 10.14% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.42 | 3.25% |
| Efficiency Ratio (%) | ▲ | 57.50% | -6.59 | 64.09% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.07 | $4 |
| Cost of Funds (%) | ▲ | 1.93% | -0.41 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,375 | +181.88 | $1,193 |
| Gross Loans ($M) | ▲ | $1,021 | +117.77 | $903 |
| Loan Growth YoY (%) | ▼ | 84.86% | -3.13 | 87.99% |
| Total Deposits ($M) | ▲ | $1,189 | +175.89 | $1,013 |
| Shareholders Equity ($M) | ▲ | $119 | +19.42 | $100 |
| Tang. Book Value ($M) | ▲ | $119 | +19.45 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +19.13 | $111 |
| Loan / Deposit Ratio (%) | ▼ | 84.86% | -3.13 | 87.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.23 | 0.07% |
| Allowance / Loans (%) | — | 1.17% | -0.13% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.31 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.35% | -0.01 | 13.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅▇█ | Net Interest Margin (%) | 2.90% | 2.94% | 3.22% | 3.25% | 3.34% | 3.36% | 3.57% | 3.67% |
| ▁▃▄▄▅█▇█ | Return on Assets (%) | 0.66% | 0.80% | 0.87% | 0.84% | 0.93% | 1.11% | 1.03% | 1.10% |
| █▇▅▄▃▁▁▁ | Efficiency Ratio (%) | 72.8% | 69.1% | 65.3% | 64.1% | 61.8% | 59.2% | 57.4% | 57.5% |
| ██▄▅▅▃▁▂ | Cost of Funds (%) | 2.87% | 2.74% | 2.29% | 2.34% | 2.33% | 2.03% | 1.74% | 1.93% |
| ▁▁▁▂▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.07% | 0.01% | 0.00% | 0.00% | 0.30% |
| ▁▁▁▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.09% | 0.01% | 0.00% | 0.00% | 0.41% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $96 | $95 | $98 | $100 | $106 | $113 | $115 | $119 |
| ▁▁▁▃▄▄██ | Gross Loans ($M) | $879 | $862 | $862 | $903 | $931 | $938 | $1,008 | $1,021 |
| ▁▄▂▃▄█▆█ | Total Deposits ($M) | $941 | $1,059 | $1,005 | $1,013 | $1,069 | $1,222 | $1,119 | $1,189 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 13% |