Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.09% | -0.53 | 0.61% |
| Return on Equity (%) | ▼ | 0.94% | -6.39 | 7.33% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.62 | 3.02% |
| Efficiency Ratio (%) | ▼ | 98.05% | +22.90 | 75.16% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -2.22 | $2 |
| Cost of Funds (%) | ▲ | 1.72% | -0.08 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,369 | +456.87 | $913 |
| Gross Loans ($M) | ▲ | $1,110 | +328.54 | $781 |
| Loan Growth YoY (%) | ▼ | 91.12% | -17.12 | 108.25% |
| Total Deposits ($M) | ▲ | $1,203 | +489.56 | $714 |
| Shareholders Equity ($M) | ▲ | $131 | +53.98 | $77 |
| Tang. Book Value ($M) | ▲ | $122 | +46.66 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +48.57 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 91.12% | -17.12 | 108.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.12 | 0.06% |
| Allowance / Loans (%) | — | 1.18% | 0.10% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.15 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.52% | +1.71 | 10.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▁▂▂█ | Net Interest Margin (%) | 2.97% | 2.96% | 3.06% | 3.02% | 3.04% | 3.06% | 3.12% | 3.64% |
| █████▇▂▁ | Return on Assets (%) | 0.60% | 0.60% | 0.63% | 0.61% | 0.60% | 0.55% | 0.18% | 0.09% |
| ▁▁▁▁▁▂▆█ | Efficiency Ratio (%) | 75.1% | 75.3% | 74.7% | 75.2% | 75.8% | 78.2% | 89.4% | 98.1% |
| ▆▆▁▃█▂▁▁ | Cost of Funds (%) | 1.88% | 1.89% | 1.71% | 1.79% | 1.95% | 1.76% | 1.70% | 1.72% |
| ▇▅▅▁▃▆▂█ | NPA / Assets (%) | 0.17% | 0.13% | 0.12% | 0.06% | 0.10% | 0.15% | 0.08% | 0.18% |
| ▇▅▄▁▃▆▂█ | Net Charge-Off Ratio (%) | 0.19% | 0.15% | 0.15% | 0.07% | 0.12% | 0.17% | 0.10% | 0.23% |
| ▁▁▁▂▂▂▅█ | Tang. Book Value ($M) | $68 | $72 | $74 | $76 | $76 | $77 | $96 | $122 |
| ▁▁▁▁▁▂▂█ | Gross Loans ($M) | $757 | $764 | $772 | $781 | $793 | $803 | $801 | $1,110 |
| ▂▁▁▁▂▂▂█ | Total Deposits ($M) | $767 | $696 | $741 | $714 | $808 | $766 | $814 | $1,203 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 16% |