Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.17% | +0.23 | -0.40% |
| Return on Equity (%) | ▲ | -2.97% | +5.06 | -8.03% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.34 | 2.67% |
| Efficiency Ratio (%) | ▲ | 109.84% | -6.52 | 116.36% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.25 | $-0 |
| Cost of Funds (%) | ▲ | 1.78% | -0.18 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $419 | -51.77 | $470 |
| Gross Loans ($M) | ▼ | $195 | -11.54 | $207 |
| Loan Growth YoY (%) | ▲ | 73.76% | +8.01 | 65.75% |
| Total Deposits ($M) | ▼ | $263 | -48.67 | $311 |
| Shareholders Equity ($M) | ▲ | $25 | +1.51 | $24 |
| Tang. Book Value ($M) | ▲ | $18 | +2.34 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +0.95 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 73.76% | +8.01 | 65.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.05 | 0.08% |
| Allowance / Loans (%) | — | 0.86% | -0.23% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.09 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.96% | +0.62 | 9.34% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅▇█ | Net Interest Margin (%) | 2.36% | 2.38% | 2.67% | 2.67% | 2.72% | 2.75% | 2.93% | 3.01% |
| ▇▁▅▆▇█▆█ | Return on Assets (%) | -0.26% | -0.90% | -0.48% | -0.40% | -0.28% | -0.14% | -0.33% | -0.17% |
| ▂▂█▄▂▁▄▁ | Efficiency Ratio (%) | 112.8% | 112.5% | 123.3% | 116.4% | 111.4% | 109.6% | 115.2% | 109.8% |
| █▇▅▃▃▁▁▁ | Cost of Funds (%) | 2.45% | 2.32% | 2.11% | 1.96% | 1.96% | 1.82% | 1.73% | 1.78% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.07% | 0.08% | 0.08% | 0.08% | 0.08% | 0.07% | 0.08% | 0.13% |
| ▁▁▁▁▂▁▁█ | Net Charge-Off Ratio (%) | 0.17% | 0.17% | 0.18% | 0.18% | 0.19% | 0.17% | 0.17% | 0.27% |
| █▁▂▁▂▄▄▄ | Tang. Book Value ($M) | $20 | $16 | $16 | $15 | $17 | $17 | $17 | $18 |
| ██▅▄▁▂▁▁ | Gross Loans ($M) | $225 | $223 | $211 | $207 | $198 | $201 | $198 | $195 |
| ██▇▆▆▅▃▁ | Total Deposits ($M) | $330 | $331 | $321 | $311 | $306 | $301 | $280 | $263 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 4% |