Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.01% | -0.06 | 2.07% |
| Return on Equity (%) | ▼ | 22.05% | -0.93 | 22.98% |
| Net Interest Margin (%) | ▼ | 4.28% | -0.11 | 4.39% |
| Efficiency Ratio (%) | ▼ | 49.26% | +0.14 | 49.11% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.78 | $4 |
| Cost of Funds (%) | ▲ | 1.92% | -0.18 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $891 | +169.36 | $721 |
| Gross Loans ($M) | ▲ | $557 | +59.86 | $497 |
| Loan Growth YoY (%) | ▼ | 67.99% | -7.49 | 75.48% |
| Total Deposits ($M) | ▲ | $810 | +159.31 | $651 |
| Shareholders Equity ($M) | ▲ | $75 | +9.81 | $65 |
| Tang. Book Value ($M) | ▲ | $75 | +9.81 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +13.61 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 67.99% | -7.49 | 75.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.07 | 0.23% |
| Allowance / Loans (%) | — | 1.07% | -0.06% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.05 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▇██▅▄ | Net Interest Margin (%) | 4.09% | 4.21% | 4.31% | 4.39% | 4.44% | 4.49% | 4.31% | 4.28% |
| ▁▁▇███▆▇ | Return on Assets (%) | 1.61% | 1.60% | 2.01% | 2.07% | 2.08% | 2.08% | 1.93% | 2.01% |
| ██▁▁▁▁▃▁ | Efficiency Ratio (%) | 58.2% | 59.2% | 50.0% | 49.1% | 49.2% | 50.1% | 52.3% | 49.3% |
| ▆█▄▄▄▅▂▁ | Cost of Funds (%) | 2.26% | 2.40% | 2.11% | 2.10% | 2.15% | 2.19% | 2.02% | 1.92% |
| ▁▁▄▆▃▅█▄ | NPA / Assets (%) | 0.06% | 0.09% | 0.16% | 0.23% | 0.15% | 0.19% | 0.30% | 0.16% |
| ▁▁▄▅▁▄█▃ | Net Charge-Off Ratio (%) | 0.08% | 0.09% | 0.20% | 0.21% | 0.06% | 0.20% | 0.36% | 0.16% |
| ▁▁▂▄▅▇██ | Tang. Book Value ($M) | $59 | $59 | $63 | $65 | $68 | $71 | $74 | $75 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $422 | $439 | $466 | $497 | $515 | $545 | $564 | $557 |
| ▁▁▁▂▃▃▄█ | Total Deposits ($M) | $620 | $602 | $619 | $651 | $670 | $666 | $699 | $810 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |