Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.15 | 0.52% |
| Return on Equity (%) | ▼ | 5.73% | -0.56 | 6.29% |
| Net Interest Margin (%) | ▼ | 4.56% | -0.35 | 4.91% |
| Efficiency Ratio (%) | ▲ | 83.61% | -13.16 | 96.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.47 | $0 |
| Cost of Funds (%) | ▼ | 1.64% | +0.05 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $176 | +44.17 | $132 |
| Gross Loans ($M) | ▲ | $143 | +33.17 | $110 |
| Loan Growth YoY (%) | ▲ | 97.75% | +1.30 | 96.45% |
| Total Deposits ($M) | ▲ | $145 | +32.49 | $112 |
| Shareholders Equity ($M) | ▲ | $19 | +7.42 | $12 |
| Tang. Book Value ($M) | ▲ | $19 | +7.42 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 97.75% | +1.30 | 96.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.16% | -3.68 | 4.84% |
| Allowance / Loans (%) | — | 1.16% | -0.39% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 1.03% | -4.76 | 5.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.69% | +1.84 | 10.85% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▄▄█▇▇▂▁ | Net Interest Margin (%) | 4.85% | 4.70% | 4.70% | 4.91% | 4.85% | 4.85% | 4.65% | 4.56% |
| ▂▁▃▄██▄▄ | Return on Assets (%) | -1.59% | -2.70% | 0.02% | 0.52% | 5.53% | 5.20% | 0.45% | 0.67% |
| ████▁▂▇▆ | Efficiency Ratio (%) | 97.3% | 100.7% | 96.0% | 96.8% | 48.6% | 55.6% | 88.6% | 83.6% |
| █▇▇▅▃▁▁▆ | Cost of Funds (%) | 1.75% | 1.68% | 1.66% | 1.59% | 1.48% | 1.38% | 1.36% | 1.64% |
| ▁▃▅█▃▁▁▁ | NPA / Assets (%) | 0.87% | 2.16% | 2.86% | 4.84% | 1.97% | 1.16% | 0.97% | 1.16% |
| ▁▃▅█▃▁▁▁ | Net Charge-Off Ratio (%) | 1.13% | 2.70% | 3.46% | 5.79% | 2.65% | 1.51% | 1.25% | 1.03% |
| ▂▁▃▃▇███ | Tang. Book Value ($M) | $11 | $9 | $12 | $12 | $17 | $19 | $19 | $19 |
| ▁▁▂▂▁▄▅█ | Gross Loans ($M) | $100 | $105 | $109 | $110 | $105 | $119 | $123 | $143 |
| ▁▂▁▁▁▄▆█ | Total Deposits ($M) | $111 | $116 | $113 | $112 | $115 | $127 | $133 | $145 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 17% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 13% |