Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -1.45% | +0.08 | -1.53% |
| Return on Equity (%) | — | 0.00% | 0.00 | 0.00% |
| Net Interest Margin (%) | ▲ | -0.37% | +0.12 | -0.49% |
| Efficiency Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Pre-Provision Profit ($M) | ▲ | $-5 | +0.64 | $-6 |
| Cost of Funds (%) | ▲ | 3.44% | -0.33 | 3.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,479 | -36.33 | $1,515 |
| Gross Loans ($M) | ▲ | $309 | +23.20 | $285 |
| Loan Growth YoY (%) | ▲ | 22.71% | +2.25 | 20.46% |
| Total Deposits ($M) | ▼ | $1,350 | -36.03 | $1,386 |
| Shareholders Equity ($M) | ▲ | $-23 | +2.00 | $-25 |
| Tang. Book Value ($M) | ▲ | $-23 | +2.00 | $-25 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +0.79 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 22.71% | +2.25 | 20.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.09 | 0.10% |
| Allowance / Loans (%) | — | 0.65% | -0.00% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.91% | +0.36 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.79% | -3.43 | 24.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | -0.79% | -0.80% | -0.54% | -0.49% | -0.46% | -0.45% | -0.41% | -0.37% |
| ▁▁▅▆▇██▇ | Return on Assets (%) | -1.90% | -1.85% | -1.60% | -1.53% | -1.47% | -1.43% | -1.37% | -1.45% |
| ▄▄▄▄▄▄▄▄ | Efficiency Ratio (%) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| ██▇▅▃▂▁▁ | Cost of Funds (%) | 4.06% | 4.00% | 3.94% | 3.78% | 3.63% | 3.53% | 3.41% | 3.44% |
| ▁▁▂▃▅▃▇█ | NPA / Assets (%) | 0.06% | 0.06% | 0.09% | 0.10% | 0.13% | 0.10% | 0.17% | 0.19% |
| ▁▁▃▃▅▃▇█ | Net Charge-Off Ratio (%) | 0.41% | 0.36% | 0.50% | 0.54% | 0.66% | 0.55% | 0.82% | 0.91% |
| █▁▄▅██▆▅ | Tang. Book Value ($M) | $-4 | $-52 | $-30 | $-25 | $-9 | $-7 | $-17 | $-23 |
| ▁▃▅▅▆▄▇█ | Gross Loans ($M) | $258 | $274 | $286 | $285 | $291 | $281 | $302 | $309 |
| ██▅▂▁▁▁▁ | Total Deposits ($M) | $1,520 | $1,516 | $1,453 | $1,386 | $1,359 | $1,356 | $1,349 | $1,350 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 33% |