Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.86% | -0.18 | -0.67% |
| Return on Equity (%) | ▼ | -5.64% | -2.03 | -3.61% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.26 | 3.88% |
| Efficiency Ratio (%) | ▲ | 102.00% | -8.21 | 110.22% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.38 | $-0 |
| Cost of Funds (%) | ▼ | 2.53% | +0.03 | 2.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $233 | +51.66 | $182 |
| Gross Loans ($M) | ▲ | $155 | +53.78 | $101 |
| Loan Growth YoY (%) | ▲ | 88.24% | +14.15 | 74.10% |
| Total Deposits ($M) | ▲ | $174 | +39.13 | $135 |
| Shareholders Equity ($M) | ▲ | $35 | +2.40 | $32 |
| Tang. Book Value ($M) | ▲ | $18 | +2.54 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.34 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 88.24% | +14.15 | 74.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.03 | 0.93% |
| Allowance / Loans (%) | — | 0.79% | -0.30% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 1.40% | -0.20 | 1.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.99% | -2.37 | 15.36% |
Noninterest income ($1.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇██▆█ | Net Interest Margin (%) | 2.37% | 2.77% | 3.72% | 3.88% | 4.20% | 4.22% | 3.62% | 4.14% |
| ▄▇▇▅██▁▄ | Return on Assets (%) | -0.80% | -0.41% | -0.39% | -0.67% | -0.23% | -0.17% | -1.34% | -0.86% |
| ▁▃██▆▅▇▅ | Efficiency Ratio (%) | 93.0% | 97.8% | 108.2% | 110.2% | 104.0% | 102.3% | 107.2% | 102.0% |
| █▄█▂▃▆▁▃ | Cost of Funds (%) | 2.69% | 2.56% | 2.68% | 2.50% | 2.53% | 2.61% | 2.47% | 2.53% |
| ▇█▁▃▁▂▄▄ | NPA / Assets (%) | 1.17% | 1.25% | 0.77% | 0.93% | 0.75% | 0.87% | 1.00% | 0.96% |
| ▆█▂▃▁▂▂▂ | Net Charge-Off Ratio (%) | 2.20% | 2.69% | 1.44% | 1.60% | 1.17% | 1.40% | 1.51% | 1.40% |
| █▄▃▁▃▃▅▆ | Tang. Book Value ($M) | $19 | $18 | $17 | $16 | $17 | $17 | $18 | $18 |
| ▁▁▁▃▅▆▇█ | Gross Loans ($M) | $89 | $81 | $89 | $101 | $123 | $133 | $144 | $155 |
| ▁▁▁▁▄███ | Total Deposits ($M) | $131 | $136 | $133 | $135 | $151 | $172 | $170 | $174 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 20% |