Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.06 | 0.41% |
| Return on Equity (%) | ▲ | 5.93% | +0.18 | 5.75% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.06 | 2.54% |
| Efficiency Ratio (%) | ▲ | 71.94% | -4.77 | 76.72% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 2.82% | -0.12 | 2.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $982 | +104.26 | $878 |
| Gross Loans ($M) | ▲ | $869 | +74.20 | $795 |
| Loan Growth YoY (%) | ▼ | 108.45% | -8.13 | 116.58% |
| Total Deposits ($M) | ▲ | $793 | +116.94 | $676 |
| Shareholders Equity ($M) | ▲ | $78 | +14.44 | $64 |
| Tang. Book Value ($M) | ▲ | $78 | +14.44 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +14.42 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 108.45% | -8.13 | 116.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.00% | 0.20% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.02 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.82% | +1.51 | 9.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇█▆█ | Net Interest Margin (%) | 2.37% | 2.37% | 2.44% | 2.54% | 2.55% | 2.58% | 2.52% | 2.60% |
| ▁▂▅▆▇▅█▇ | Return on Assets (%) | 0.21% | 0.26% | 0.40% | 0.41% | 0.48% | 0.38% | 0.52% | 0.47% |
| █▇▅▄▁▁▁▁ | Efficiency Ratio (%) | 86.7% | 83.8% | 79.3% | 76.7% | 72.1% | 70.8% | 70.2% | 71.9% |
| █▄▂▄▃▆▁▁ | Cost of Funds (%) | 3.16% | 2.95% | 2.87% | 2.94% | 2.92% | 3.03% | 2.80% | 2.82% |
| ▁▁██▂▂▂▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.04% | 0.03% | 0.01% | 0.01% | 0.01% | 0.02% |
| ▁▁██▂▂▂▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.04% | 0.04% | 0.01% | 0.01% | 0.01% | 0.02% |
| ▁▁▃▄████ | Tang. Book Value ($M) | $53 | $55 | $61 | $64 | $76 | $76 | $77 | $78 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $649 | $692 | $752 | $795 | $839 | $848 | $856 | $869 |
| ▁▁▄▄▇▇▇█ | Total Deposits ($M) | $588 | $609 | $673 | $676 | $767 | $748 | $763 | $793 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |