Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.04 | 0.86% |
| Return on Equity (%) | ▼ | 9.98% | -2.78 | 12.76% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.52 | 2.88% |
| Efficiency Ratio (%) | ▼ | 70.59% | +6.46 | 64.14% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.17 | $6 |
| Cost of Funds (%) | ▲ | 1.85% | -0.19 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,375 | +511.23 | $1,864 |
| Gross Loans ($M) | ▲ | $1,717 | +497.28 | $1,220 |
| Loan Growth YoY (%) | ▲ | 82.33% | +9.10 | 73.23% |
| Total Deposits ($M) | ▲ | $2,070 | +416.92 | $1,653 |
| Shareholders Equity ($M) | ▲ | $210 | +80.26 | $130 |
| Tang. Book Value ($M) | ▲ | $191 | +62.10 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $216 | +60.61 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 82.33% | +9.10 | 73.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.04 | 0.48% |
| Allowance / Loans (%) | — | 0.74% | -0.01% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.13 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.45% | -0.97 | 13.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▅█ | Net Interest Margin (%) | 2.54% | 2.58% | 2.75% | 2.88% | 2.93% | 3.02% | 3.05% | 3.40% |
| ▁▂▂▆▇█▄▅ | Return on Assets (%) | 0.65% | 0.69% | 0.71% | 0.86% | 0.91% | 0.97% | 0.79% | 0.81% |
| ██▄▂▁▁▆█ | Efficiency Ratio (%) | 71.5% | 70.4% | 66.5% | 64.1% | 62.9% | 62.0% | 68.3% | 70.6% |
| █▇▅▅▄▂▁▂ | Cost of Funds (%) | 2.30% | 2.23% | 2.08% | 2.04% | 2.04% | 1.87% | 1.77% | 1.85% |
| ▁▁█████▇ | NPA / Assets (%) | 0.09% | 0.11% | 0.46% | 0.48% | 0.48% | 0.47% | 0.51% | 0.44% |
| ▁▁█████▇ | Net Charge-Off Ratio (%) | 0.14% | 0.16% | 0.71% | 0.73% | 0.72% | 0.70% | 0.75% | 0.61% |
| ▁▁▁▂▂▃▃█ | Tang. Book Value ($M) | $123 | $120 | $124 | $129 | $137 | $145 | $145 | $191 |
| ▁▁▁▁▂▂▂█ | Gross Loans ($M) | $1,172 | $1,217 | $1,212 | $1,220 | $1,247 | $1,262 | $1,284 | $1,717 |
| ▁▁▁▁▂▁▁█ | Total Deposits ($M) | $1,626 | $1,630 | $1,665 | $1,653 | $1,682 | $1,644 | $1,655 | $2,070 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |