Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.43% | -0.27 | 1.70% |
| Return on Equity (%) | ▼ | 9.12% | -3.21 | 12.33% |
| Net Interest Margin (%) | ▼ | 4.48% | -0.16 | 4.64% |
| Efficiency Ratio (%) | ▼ | 55.10% | +5.79 | 49.31% |
| Pre-Provision Profit ($M) | ▼ | $7 | -1.81 | $9 |
| Cost of Funds (%) | ▲ | 2.09% | -0.59 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,454 | -17.09 | $1,471 |
| Gross Loans ($M) | ▼ | $863 | -56.93 | $920 |
| Loan Growth YoY (%) | ▼ | 77.25% | -2.99 | 80.25% |
| Total Deposits ($M) | ▼ | $1,101 | -27.04 | $1,128 |
| Shareholders Equity ($M) | ▲ | $234 | +23.98 | $210 |
| Tang. Book Value ($M) | ▲ | $233 | +23.88 | $209 |
| TBV excl. AOCI ($M)** | ▲ | $247 | +22.56 | $224 |
| Loan / Deposit Ratio (%) | ▼ | 77.25% | -2.99 | 80.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.25% | +0.88 | 1.38% |
| Allowance / Loans (%) | — | 1.49% | -0.16% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 3.79% | +1.59 | 2.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▄▆▄▁▁ | Net Interest Margin (%) | 4.81% | 4.76% | 4.50% | 4.64% | 4.70% | 4.62% | 4.48% | 4.48% |
| ██▄▇█▇▁▂ | Return on Assets (%) | 1.76% | 1.76% | 1.55% | 1.70% | 1.76% | 1.68% | 1.37% | 1.43% |
| ▂▁▂▁▂▂▅█ | Efficiency Ratio (%) | 49.7% | 48.8% | 49.7% | 49.3% | 49.8% | 49.9% | 52.7% | 55.1% |
| ██▅▇▇▆▂▁ | Cost of Funds (%) | 2.78% | 2.76% | 2.49% | 2.68% | 2.68% | 2.53% | 2.25% | 2.09% |
| ▁▁▂▄▅███ | NPA / Assets (%) | 0.67% | 0.65% | 0.95% | 1.38% | 1.59% | 2.38% | 2.28% | 2.25% |
| ▁▁▂▄▄███ | Net Charge-Off Ratio (%) | 1.12% | 1.12% | 1.53% | 2.20% | 2.44% | 3.99% | 3.69% | 3.79% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $188 | $195 | $201 | $209 | $217 | $224 | $228 | $233 |
| ▂▁██▇▄▇▃ | Gross Loans ($M) | $855 | $839 | $925 | $920 | $914 | $879 | $905 | $863 |
| ▃▃█▆▁▇▅▃ | Total Deposits ($M) | $1,097 | $1,096 | $1,158 | $1,128 | $1,070 | $1,137 | $1,120 | $1,101 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |