Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.70% | -2.00 | 1.30% |
| Return on Equity (%) | ▼ | -7.12% | -19.23 | 12.11% |
| Net Interest Margin (%) | ▲ | 5.07% | +0.96 | 4.11% |
| Efficiency Ratio (%) | ▲ | 58.09% | -3.38 | 61.47% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.63 | $2 |
| Cost of Funds (%) | ▲ | 1.19% | -0.19 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +0.87 | $409 |
| Gross Loans ($M) | ▲ | $307 | +55.35 | $251 |
| Loan Growth YoY (%) | ▲ | 84.19% | +11.89 | 72.31% |
| Total Deposits ($M) | ▲ | $359 | +16.28 | $343 |
| Shareholders Equity ($M) | ▼ | $39 | -5.14 | $44 |
| Tang. Book Value ($M) | ▼ | $38 | -5.10 | $44 |
| TBV excl. AOCI ($M)** | ▼ | $42 | -8.69 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 84.19% | +11.89 | 72.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.14 | 0.17% |
| Allowance / Loans (%) | — | 1.46% | 0.05% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.24 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▃▆█ | Net Interest Margin (%) | 3.74% | 3.80% | 3.99% | 4.11% | 4.19% | 4.22% | 4.67% | 5.07% |
| ██████▁▅ | Return on Assets (%) | 1.15% | 1.17% | 1.22% | 1.30% | 1.36% | 1.22% | -3.28% | -0.70% |
| ██▆▅▃▄▂▁ | Efficiency Ratio (%) | 63.8% | 64.5% | 62.7% | 61.5% | 60.1% | 60.9% | 59.1% | 58.1% |
| ██▆█▇██▁ | Cost of Funds (%) | 1.39% | 1.38% | 1.33% | 1.38% | 1.37% | 1.39% | 1.40% | 1.19% |
| ▂▅▂▃█▂▁▁ | NPA / Assets (%) | 0.15% | 0.34% | 0.12% | 0.17% | 0.53% | 0.14% | 0.07% | 0.02% |
| ▃▆▂▃█▂▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.56% | 0.21% | 0.27% | 0.84% | 0.22% | 0.10% | 0.03% |
| ▃▄▅▇██▁▂ | Tang. Book Value ($M) | $40 | $41 | $42 | $44 | $45 | $46 | $37 | $38 |
| ▁▂▂▃▄▅▇█ | Gross Loans ($M) | $227 | $237 | $244 | $251 | $259 | $271 | $291 | $307 |
| ▁▂▂▅▄▅██ | Total Deposits ($M) | $319 | $327 | $330 | $343 | $340 | $345 | $364 | $359 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 11% |