Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.08% | -0.68 | 1.77% |
| Return on Equity (%) | ▼ | 19.39% | -27.95 | 47.34% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.37 | 3.71% |
| Efficiency Ratio (%) | ▼ | 70.20% | +13.99 | 56.21% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.71 | $3 |
| Cost of Funds (%) | ▲ | 0.82% | -0.04 | 0.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $453 | -5.21 | $458 |
| Gross Loans ($M) | ▲ | $220 | +4.85 | $215 |
| Loan Growth YoY (%) | ▲ | 50.68% | +2.37 | 48.31% |
| Total Deposits ($M) | ▼ | $425 | -11.56 | $437 |
| Shareholders Equity ($M) | ▲ | $25 | +6.27 | $19 |
| Tang. Book Value ($M) | ▲ | $25 | +6.27 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +5.75 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 50.68% | +2.37 | 48.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.57% | +1.54 | 1.03% |
| Allowance / Loans (%) | — | 1.82% | 0.13% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 5.29% | +3.10 | 2.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅█▇ | Net Interest Margin (%) | 3.32% | 3.37% | 3.64% | 3.71% | 3.77% | 3.81% | 4.27% | 4.08% |
| ▁▂▂█▇▇▃▁ | Return on Assets (%) | 1.16% | 1.20% | 1.22% | 1.77% | 1.66% | 1.62% | 1.34% | 1.08% |
| ▇▆▅▁▁▁▅█ | Efficiency Ratio (%) | 67.0% | 66.1% | 63.8% | 56.2% | 57.9% | 57.2% | 64.6% | 70.2% |
| ▇█▅▃▁▃▄▁ | Cost of Funds (%) | 0.95% | 0.97% | 0.89% | 0.86% | 0.80% | 0.85% | 0.88% | 0.82% |
| ▁▂▂▁▁▁▂█ | NPA / Assets (%) | 0.95% | 1.19% | 1.20% | 1.03% | 0.97% | 1.12% | 1.18% | 2.57% |
| ▁▂▂▁▁▁▂█ | Net Charge-Off Ratio (%) | 2.22% | 2.66% | 2.63% | 2.19% | 2.05% | 2.38% | 2.49% | 5.29% |
| ▅▁▃▃▇███ | Tang. Book Value ($M) | $22 | $15 | $18 | $19 | $24 | $26 | $26 | $25 |
| ▁▂▃▄▅█▇▇ | Gross Loans ($M) | $209 | $212 | $214 | $215 | $216 | $222 | $219 | $220 |
| █▇▅▃▂▄▃▁ | Total Deposits ($M) | $463 | $457 | $444 | $437 | $432 | $442 | $436 | $425 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 6% |
| Consumer | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 8% |