Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.49% | -0.11 | 1.60% |
| Return on Equity (%) | ▼ | 11.61% | -1.39 | 13.00% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.21 | 3.76% |
| Efficiency Ratio (%) | ▼ | 50.04% | +5.02 | 45.01% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.19 | $5 |
| Cost of Funds (%) | ▲ | 1.06% | -0.04 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,019 | +52.13 | $967 |
| Gross Loans ($M) | ▲ | $700 | +54.95 | $645 |
| Loan Growth YoY (%) | ▲ | 78.83% | +2.71 | 76.12% |
| Total Deposits ($M) | ▲ | $882 | +39.75 | $842 |
| Shareholders Equity ($M) | ▲ | $130 | +9.12 | $121 |
| Tang. Book Value ($M) | ▲ | $130 | +9.12 | $121 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +8.48 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 78.83% | +2.71 | 76.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.42 | 0.15% |
| Allowance / Loans (%) | — | 0.79% | 0.06% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.83% | +0.61 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 3.52% | 3.59% | 3.65% | 3.76% | 3.81% | 3.87% | 3.93% | 3.97% |
| ▁▁███▇▆▃ | Return on Assets (%) | 1.43% | 1.45% | 1.58% | 1.60% | 1.60% | 1.57% | 1.55% | 1.49% |
| ▅█▁▁▂▅▆█ | Efficiency Ratio (%) | 47.7% | 49.4% | 44.3% | 45.0% | 45.5% | 47.5% | 48.1% | 50.0% |
| ██▄▅▄▇▁▁ | Cost of Funds (%) | 1.12% | 1.13% | 1.09% | 1.10% | 1.09% | 1.11% | 1.06% | 1.06% |
| ▁▂▁▁▁▁▁█ | NPA / Assets (%) | 0.13% | 0.23% | 0.16% | 0.15% | 0.13% | 0.14% | 0.15% | 0.57% |
| ▁▃▂▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.14% | 0.35% | 0.24% | 0.22% | 0.21% | 0.21% | 0.21% | 0.83% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $113 | $112 | $117 | $121 | $125 | $127 | $127 | $130 |
| ▁▃▄▄▄▆██ | Gross Loans ($M) | $593 | $630 | $644 | $645 | $644 | $661 | $691 | $700 |
| ▃▁▁▃█▅▆█ | Total Deposits ($M) | $842 | $819 | $825 | $842 | $882 | $854 | $859 | $882 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |