Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.03% | -0.25 | 0.28% |
| Return on Equity (%) | ▼ | 0.23% | -1.53 | 1.76% |
| Net Interest Margin (%) | ▼ | 4.05% | -0.89 | 4.94% |
| Efficiency Ratio (%) | ▼ | 91.46% | +4.56 | 86.89% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▼ | 1.91% | +0.78 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $130 | +34.02 | $96 |
| Gross Loans ($M) | ▲ | $87 | +38.87 | $48 |
| Loan Growth YoY (%) | ▲ | 82.25% | +23.98 | 58.27% |
| Total Deposits ($M) | ▲ | $105 | +23.20 | $81 |
| Shareholders Equity ($M) | ▲ | $25 | +10.66 | $14 |
| Tang. Book Value ($M) | ▲ | $21 | +10.78 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +10.71 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 82.25% | +23.98 | 58.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.07 | 0.13% |
| Allowance / Loans (%) | — | 0.83% | -0.15% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.18 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄██▇▅▁▂ | Net Interest Margin (%) | 3.79% | 4.25% | 5.01% | 4.94% | 4.73% | 4.50% | 3.77% | 4.05% |
| ▁▁██▆▇▃▆ | Return on Assets (%) | -0.41% | -0.50% | 0.28% | 0.28% | 0.06% | 0.11% | -0.28% | 0.03% |
| ▆▆▂▁▃▆█▄ | Efficiency Ratio (%) | 94.2% | 94.0% | 89.5% | 86.9% | 90.6% | 94.8% | 98.1% | 91.5% |
| ▁▃▄▄▇███ | Cost of Funds (%) | 0.53% | 0.94% | 1.12% | 1.13% | 1.66% | 1.89% | 1.96% | 1.91% |
| ▁▃▁█▃▄▃▄ | NPA / Assets (%) | 0.00% | 0.04% | 0.00% | 0.13% | 0.05% | 0.06% | 0.04% | 0.06% |
| ▁▃▁█▃▃▂▃ | Net Charge-Off Ratio (%) | 0.01% | 0.10% | 0.01% | 0.27% | 0.08% | 0.09% | 0.06% | 0.09% |
| ▁▁▁▁▁▁▁█ | Tang. Book Value ($M) | $11 | $10 | $10 | $11 | $11 | $11 | $11 | $21 |
| ▁▂▃▄▅▇▇█ | Gross Loans ($M) | $15 | $31 | $38 | $48 | $57 | $72 | $73 | $87 |
| ▁▂▃▄▅▇██ | Total Deposits ($M) | $58 | $67 | $73 | $81 | $87 | $102 | $109 | $105 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 47% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |