Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.60% | +0.14 | 2.46% |
| Return on Equity (%) | ▲ | 21.96% | +1.40 | 20.56% |
| Net Interest Margin (%) | ▼ | 3.52% | -0.13 | 3.65% |
| Efficiency Ratio (%) | ▲ | 34.23% | -4.45 | 38.68% |
| Pre-Provision Profit ($M) | ▲ | $25 | +3.82 | $22 |
| Cost of Funds (%) | ▲ | 1.67% | -0.15 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,123 | +402.74 | $2,720 |
| Gross Loans ($M) | ▲ | $2,008 | +91.16 | $1,917 |
| Loan Growth YoY (%) | ▼ | 72.76% | -8.66 | 81.42% |
| Total Deposits ($M) | ▲ | $2,714 | +397.44 | $2,317 |
| Shareholders Equity ($M) | ▲ | $362 | +14.32 | $347 |
| Tang. Book Value ($M) | ▲ | $362 | +14.32 | $347 |
| TBV excl. AOCI ($M)** | ▲ | $391 | +21.53 | $369 |
| Loan / Deposit Ratio (%) | ▼ | 72.76% | -8.66 | 81.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.24 | 0.48% |
| Allowance / Loans (%) | — | 1.66% | 0.06% | 1.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.23 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.75% | -0.41 | 15.17% |
Noninterest income ($10.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▄▅▆▇█▂▁ | Net Interest Margin (%) | 3.67% | 3.60% | 3.62% | 3.65% | 3.67% | 3.70% | 3.55% | 3.52% |
| █▆▁▆█▇▁█ | Return on Assets (%) | 2.63% | 2.41% | 1.76% | 2.46% | 2.70% | 2.58% | 1.79% | 2.60% |
| ▂▃█▃▁▃▆▁ | Efficiency Ratio (%) | 37.5% | 39.2% | 48.1% | 38.7% | 35.7% | 39.3% | 44.2% | 34.2% |
| ███▄▃▄▂▁ | Cost of Funds (%) | 1.98% | 2.02% | 1.99% | 1.82% | 1.77% | 1.84% | 1.73% | 1.67% |
| ▁█▁▂▁▁▁▁ | NPA / Assets (%) | 0.29% | 1.91% | 0.30% | 0.48% | 0.30% | 0.43% | 0.41% | 0.23% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.29% | 2.60% | 0.30% | 0.53% | 0.34% | 0.52% | 0.51% | 0.30% |
| █▁▂▅▄▃▅▆ | Tang. Book Value ($M) | $378 | $314 | $326 | $347 | $341 | $335 | $346 | $362 |
| ▁▄▂▃▅▄▇█ | Gross Loans ($M) | $1,872 | $1,928 | $1,903 | $1,917 | $1,953 | $1,935 | $1,991 | $2,008 |
| ▁▂▃▂▅▃▅█ | Total Deposits ($M) | $2,229 | $2,308 | $2,409 | $2,317 | $2,474 | $2,411 | $2,473 | $2,714 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 22% |