Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.18 | 1.16% |
| Return on Equity (%) | ▼ | 10.48% | -2.48 | 12.96% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.14 | 3.42% |
| Efficiency Ratio (%) | ▼ | 62.46% | +8.64 | 53.82% |
| Pre-Provision Profit ($M) | ▼ | $5 | -2.73 | $8 |
| Cost of Funds (%) | ▲ | 2.04% | -0.25 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,068 | +137.70 | $1,930 |
| Gross Loans ($M) | ▲ | $1,678 | +110.49 | $1,568 |
| Loan Growth YoY (%) | ▲ | 91.46% | +1.59 | 89.87% |
| Total Deposits ($M) | ▲ | $1,821 | +90.67 | $1,730 |
| Shareholders Equity ($M) | ▲ | $199 | +24.48 | $175 |
| Tang. Book Value ($M) | ▲ | $199 | +24.48 | $175 |
| TBV excl. AOCI ($M)** | ▲ | $203 | +24.20 | $179 |
| Loan / Deposit Ratio (%) | ▲ | 91.46% | +1.59 | 89.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.09 | 0.04% |
| Allowance / Loans (%) | — | 0.79% | -0.05% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.11 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.99% | +0.58 | 10.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇▇██ | Net Interest Margin (%) | 3.04% | 3.14% | 3.41% | 3.42% | 3.45% | 3.45% | 3.49% | 3.56% |
| ▁▁▆▇███▃ | Return on Assets (%) | 0.86% | 0.88% | 1.10% | 1.16% | 1.20% | 1.22% | 1.22% | 0.98% |
| ▇▆▃▃▂▁▁█ | Efficiency Ratio (%) | 59.7% | 58.2% | 54.4% | 53.8% | 52.8% | 52.1% | 50.7% | 62.5% |
| █▅▃▃▄▂▁▁ | Cost of Funds (%) | 2.86% | 2.53% | 2.28% | 2.28% | 2.37% | 2.20% | 1.99% | 2.04% |
| ▁▁▁▁▂█▆▅ | NPA / Assets (%) | 0.03% | 0.02% | 0.03% | 0.04% | 0.05% | 0.22% | 0.15% | 0.14% |
| ▁▁▁▁▂█▆▅ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.04% | 0.05% | 0.07% | 0.28% | 0.19% | 0.17% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $153 | $162 | $168 | $175 | $182 | $189 | $195 | $199 |
| ▁▄▅▆▅▇██ | Gross Loans ($M) | $1,374 | $1,499 | $1,538 | $1,568 | $1,563 | $1,621 | $1,683 | $1,678 |
| ▁▁▃▄▅▆█▇ | Total Deposits ($M) | $1,636 | $1,647 | $1,706 | $1,730 | $1,765 | $1,811 | $1,873 | $1,821 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |