Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.38 | 0.66% |
| Return on Equity (%) | ▲ | 11.48% | +3.26 | 8.22% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.45 | 3.24% |
| Efficiency Ratio (%) | ▲ | 76.79% | -6.13 | 82.92% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.05 | $4 |
| Cost of Funds (%) | ▲ | 2.26% | -0.61 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,604 | +268.71 | $1,335 |
| Gross Loans ($M) | ▲ | $1,203 | +240.65 | $962 |
| Loan Growth YoY (%) | ▲ | 82.99% | +3.13 | 79.86% |
| Total Deposits ($M) | ▲ | $1,437 | +243.52 | $1,193 |
| Shareholders Equity ($M) | ▲ | $146 | +42.02 | $104 |
| Tang. Book Value ($M) | ▲ | $142 | +39.00 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $154 | +40.13 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 82.99% | +3.13 | 79.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.84 | 1.21% |
| Allowance / Loans (%) | — | 0.85% | -0.08% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -1.20 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.17% | -0.26 | 10.42% |
Noninterest income ($6.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 2.65% | 2.78% | 3.00% | 3.24% | 3.30% | 3.38% | 3.58% | 3.69% |
| ▁▁▁▂▃█▅▄ | Return on Assets (%) | 0.08% | 0.02% | 0.10% | 0.66% | 0.88% | 2.71% | 1.40% | 1.04% |
| ██▇▃▁▁▁▁ | Efficiency Ratio (%) | 97.7% | 98.7% | 94.1% | 82.9% | 77.6% | 75.6% | 75.6% | 76.8% |
| █▄▁▇▆▂▂▁ | Cost of Funds (%) | 2.97% | 2.57% | 2.30% | 2.87% | 2.73% | 2.43% | 2.39% | 2.26% |
| ▁▄▇██▁▁▁ | NPA / Assets (%) | 0.30% | 0.68% | 1.00% | 1.21% | 1.20% | 0.39% | 0.39% | 0.37% |
| ▁▄▆██▁▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.91% | 1.33% | 1.66% | 1.59% | 0.55% | 0.48% | 0.46% |
| ▁▁▃▅▆███ | Tang. Book Value ($M) | $60 | $58 | $89 | $103 | $114 | $136 | $139 | $142 |
| ▁▁▁▅▆▇██ | Gross Loans ($M) | $636 | $644 | $706 | $962 | $1,045 | $1,113 | $1,179 | $1,203 |
| ▁▁▁▅▆███ | Total Deposits ($M) | $803 | $802 | $840 | $1,193 | $1,273 | $1,424 | $1,369 | $1,437 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 24% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 3% |