Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.54% | -0.37 | 1.91% |
| Return on Equity (%) | ▼ | 13.72% | -3.47 | 17.19% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.12 | 4.00% |
| Efficiency Ratio (%) | ▼ | 57.70% | +10.95 | 46.75% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.56 | $2 |
| Cost of Funds (%) | ▲ | 1.94% | -0.20 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $768 | +262.58 | $505 |
| Gross Loans ($M) | ▲ | $622 | +233.74 | $388 |
| Loan Growth YoY (%) | ▲ | 91.00% | +3.16 | 87.84% |
| Total Deposits ($M) | ▲ | $676 | +238.79 | $437 |
| Shareholders Equity ($M) | ▲ | $86 | +35.54 | $51 |
| Tang. Book Value ($M) | ▲ | $80 | +29.56 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 91.00% | +3.16 | 87.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.01 | 0.05% |
| Allowance / Loans (%) | — | 1.10% | 0.02% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.01 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.55% | -0.90 | 13.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▅▅█▇▆ | Net Interest Margin (%) | 3.58% | 3.70% | 4.13% | 4.00% | 4.02% | 4.33% | 4.16% | 4.12% |
| ▁▂███▃▅▄ | Return on Assets (%) | 1.25% | 1.41% | 1.98% | 1.91% | 1.95% | 1.50% | 1.68% | 1.54% |
| ▅▄▂▁▁▅██ | Efficiency Ratio (%) | 52.7% | 50.7% | 48.2% | 46.8% | 46.3% | 53.4% | 57.3% | 57.7% |
| ▅▄▄▃▅█▁▁ | Cost of Funds (%) | 2.53% | 2.35% | 2.31% | 2.14% | 2.46% | 2.96% | 1.84% | 1.94% |
| ▁▁▁▇▁▂▅█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 0.01% | 0.04% | 0.06% |
| ▁▁▁█▁▂▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.01% | 0.05% | 0.07% |
| ▁▁▁▁▁███ | Tang. Book Value ($M) | $50 | $50 | $49 | $51 | $52 | $77 | $78 | $80 |
| ▁▁▂▂▃█▇█ | Gross Loans ($M) | $321 | $349 | $360 | $388 | $406 | $601 | $571 | $622 |
| ▁▁▁▂▂███ | Total Deposits ($M) | $359 | $374 | $369 | $437 | $426 | $658 | $649 | $676 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |