Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +2.14 | -1.13% |
| Return on Equity (%) | ▲ | 10.09% | +22.08 | -11.99% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.19 | 3.81% |
| Efficiency Ratio (%) | ▲ | 85.05% | -13.20 | 98.25% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.02 | $0 |
| Cost of Funds (%) | ▼ | 2.77% | +0.40 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $126 | +24.28 | $102 |
| Gross Loans ($M) | ▲ | $99 | +27.50 | $72 |
| Loan Growth YoY (%) | ▲ | 99.15% | +21.20 | 77.95% |
| Total Deposits ($M) | ▲ | $99 | +8.01 | $91 |
| Shareholders Equity ($M) | ▲ | $13 | +3.76 | $10 |
| Tang. Book Value ($M) | ▲ | $13 | +3.76 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 99.15% | +21.20 | 77.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.29 | 0.54% |
| Allowance / Loans (%) | — | 0.95% | 0.00% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.45 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▃▅▅▂▅ | Net Interest Margin (%) | 4.29% | 4.29% | 3.58% | 3.81% | 3.95% | 3.98% | 3.72% | 4.00% |
| ▂▂▂▁▃▄█▇ | Return on Assets (%) | -0.74% | -0.60% | -0.66% | -1.13% | -0.15% | 0.23% | 1.64% | 1.01% |
| ▃▄█▅▃▂▁▂ | Efficiency Ratio (%) | 89.2% | 90.9% | 111.6% | 98.3% | 87.5% | 85.8% | 78.4% | 85.1% |
| ▃▂▁▂▂█▃▆ | Cost of Funds (%) | 2.48% | 2.31% | 2.13% | 2.36% | 2.34% | 3.09% | 2.47% | 2.77% |
| ▂██▃▃▃▁▁ | NPA / Assets (%) | 0.46% | 1.63% | 1.59% | 0.54% | 0.63% | 0.56% | 0.10% | 0.25% |
| ▂██▃▃▃▁▁ | Net Charge-Off Ratio (%) | 0.58% | 2.29% | 2.12% | 0.77% | 0.81% | 0.70% | 0.12% | 0.32% |
| ▁▁▁▁▄▇██ | Tang. Book Value ($M) | $9 | $9 | $9 | $10 | $11 | $13 | $13 | $13 |
| ▂▁▂▁▅▆█▆ | Gross Loans ($M) | $77 | $66 | $76 | $72 | $93 | $98 | $117 | $99 |
| ▁▁▂▄▄▇██ | Total Deposits ($M) | $81 | $83 | $84 | $91 | $91 | $98 | $102 | $99 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 25% |