Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.56% | -3.48 | 0.92% |
| Return on Equity (%) | ▼ | -11.37% | -16.73 | 5.36% |
| Net Interest Margin (%) | ▼ | 1.63% | -2.76 | 4.40% |
| Efficiency Ratio (%) | ▼ | 309.29% | +235.29 | 74.00% |
| Pre-Provision Profit ($M) | ▼ | $-11 | -11.96 | $1 |
| Cost of Funds (%) | ▲ | -0.25% | -1.88 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $710 | +237.62 | $472 |
| Gross Loans ($M) | ▲ | $351 | +32.37 | $318 |
| Loan Growth YoY (%) | ▼ | 71.13% | -10.79 | 81.92% |
| Total Deposits ($M) | ▲ | $481 | +98.27 | $382 |
| Shareholders Equity ($M) | ▲ | $217 | +138.59 | $78 |
| Tang. Book Value ($M) | ▲ | $185 | +107.75 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $187 | +107.63 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 71.13% | -10.79 | 81.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.88% | +2.58 | 0.30% |
| Allowance / Loans (%) | — | 2.48% | 0.91% | 1.57% |
| Net Charge-Off Ratio (%) | ▼ | 5.84% | +5.48 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($-0.09M) 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 (%) | 4.13% | 4.22% | 4.27% | 4.40% | 4.34% | 4.39% | 4.21% | 1.63% |
| ███████▁ | Return on Assets (%) | 0.81% | 0.69% | 0.99% | 0.92% | 0.96% | 0.92% | 0.84% | -2.56% |
| ▁▁▁▁▁▁▁█ | Efficiency Ratio (%) | 73.6% | 78.2% | 71.7% | 74.0% | 72.1% | 73.8% | 71.6% | 309.3% |
| ██████▇▁ | Cost of Funds (%) | 1.84% | 1.83% | 1.64% | 1.63% | 1.79% | 1.69% | 1.51% | -0.25% |
| ▁▁▁▁▂▃▆█ | NPA / Assets (%) | 0.61% | 0.51% | 0.54% | 0.30% | 0.88% | 0.95% | 1.94% | 2.88% |
| ▁▁▁▁▂▂▄█ | Net Charge-Off Ratio (%) | 0.71% | 0.55% | 0.64% | 0.36% | 1.27% | 1.45% | 2.96% | 5.84% |
| ▁▁▁▁▁▁▁█ | Tang. Book Value ($M) | $75 | $75 | $76 | $77 | $79 | $79 | $80 | $185 |
| ▂▃▂▂▁▁▃█ | Gross Loans ($M) | $321 | $324 | $320 | $318 | $312 | $313 | $322 | $351 |
| ▁▁▁▃▃▃▄█ | Total Deposits ($M) | $338 | $343 | $354 | $382 | $387 | $383 | $394 | $481 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 31% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 10% |