Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.31 | 1.31% |
| Return on Equity (%) | ▼ | 6.83% | -1.71 | 8.54% |
| Net Interest Margin (%) | ▼ | 4.36% | -0.00 | 4.36% |
| Efficiency Ratio (%) | ▼ | 78.30% | +7.37 | 70.93% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 1.37% | -0.07 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $111 | +1.45 | $110 |
| Gross Loans ($M) | ▲ | $47 | +1.14 | $46 |
| Loan Growth YoY (%) | ▲ | 49.97% | +0.52 | 49.45% |
| Total Deposits ($M) | ▲ | $93 | +2.25 | $91 |
| Shareholders Equity ($M) | ▼ | $17 | -0.19 | $17 |
| Tang. Book Value ($M) | ▼ | $17 | -0.19 | $17 |
| TBV excl. AOCI ($M)** | ▼ | $19 | -0.34 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 49.97% | +0.52 | 49.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -1.29 | 1.47% |
| Allowance / Loans (%) | — | 1.27% | -1.03% | 2.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -2.15 | 2.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▅▃▃▃▁▃ | Net Interest Margin (%) | 5.29% | 4.98% | 4.74% | 4.36% | 4.38% | 4.36% | 3.95% | 4.36% |
| █▄▆▇█▁▂▄ | Return on Assets (%) | 1.52% | 0.93% | 1.24% | 1.31% | 1.50% | 0.48% | 0.65% | 1.00% |
| ▁▃▄▃▂▆█▆ | Efficiency Ratio (%) | 65.4% | 71.3% | 72.5% | 70.9% | 67.9% | 79.0% | 83.9% | 78.3% |
| ▁▆████▇▇ | Cost of Funds (%) | 0.96% | 1.33% | 1.47% | 1.44% | 1.42% | 1.41% | 1.34% | 1.37% |
| ██▆█▄▂▂▁ | NPA / Assets (%) | 1.34% | 1.35% | 1.09% | 1.47% | 0.67% | 0.45% | 0.48% | 0.19% |
| ▆█▅█▂▁▁▁ | Net Charge-Off Ratio (%) | 1.81% | 2.28% | 1.61% | 2.51% | 0.64% | 0.29% | 0.49% | 0.37% |
| ▂▁▃▅█▃▃▄ | Tang. Book Value ($M) | $16 | $16 | $17 | $17 | $18 | $17 | $17 | $17 |
| ▁▂▄▇▇▆▅█ | Gross Loans ($M) | $42 | $43 | $44 | $46 | $46 | $45 | $45 | $47 |
| ▁▅▆▆▇██▇ | Total Deposits ($M) | $74 | $89 | $89 | $91 | $93 | $98 | $97 | $93 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 31% |