Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -5.89% | +2.36 | -8.25% |
| Return on Equity (%) | ▼ | -190.79% | -27.68 | -163.11% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.46 | 3.53% |
| Efficiency Ratio (%) | ▲ | 210.24% | -88.65 | 298.88% |
| Pre-Provision Profit ($M) | ▲ | $-4 | +1.60 | $-5 |
| Cost of Funds (%) | ▲ | 0.79% | -0.00 | 0.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $277 | +44.27 | $233 |
| Gross Loans ($M) | ▲ | $23 | +6.52 | $17 |
| Loan Growth YoY (%) | ▲ | 8.50% | +1.12 | 7.38% |
| Total Deposits ($M) | ▲ | $269 | +46.76 | $222 |
| Shareholders Equity ($M) | ▼ | $7 | -3.05 | $10 |
| Tang. Book Value ($M) | ▼ | $7 | -3.04 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +6.80 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 8.50% | +1.12 | 7.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.52 | 0.03% |
| Allowance / Loans (%) | — | 1.08% | -0.08% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 6.58% | +6.11 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.19% | -15.89 | 27.08% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▁▂▃▄▅ | Net Interest Margin (%) | 4.44% | 4.29% | 3.51% | 3.53% | 3.68% | 3.78% | 3.95% | 3.99% |
| ▁▁▆▃▆█▇█ | Return on Assets (%) | -9.59% | -9.17% | -6.89% | -8.25% | -7.16% | -6.00% | -6.59% | -5.89% |
| ▆▇▆█▄▁▂▁ | Efficiency Ratio (%) | 273.4% | 280.0% | 274.5% | 298.9% | 245.1% | 216.8% | 222.9% | 210.2% |
| ▁▃▆▆█▅▆▆ | Cost of Funds (%) | 0.71% | 0.74% | 0.79% | 0.80% | 0.83% | 0.78% | 0.79% | 0.79% |
| ▁▁▁▁▁▃▃█ | NPA / Assets (%) | 0.00% | 0.04% | 0.04% | 0.03% | 0.01% | 0.19% | 0.20% | 0.55% |
| ▁▃▁▁▁▄▃█ | Net Charge-Off Ratio (%) | 0.00% | 1.79% | 0.77% | 0.48% | 0.13% | 2.67% | 2.13% | 6.58% |
| ▇▆█▆▆▅▄▁ | Tang. Book Value ($M) | $11 | $10 | $11 | $10 | $10 | $9 | $9 | $7 |
| ▁▁▃▅▆▆█▇ | Gross Loans ($M) | $3 | $5 | $10 | $17 | $19 | $18 | $26 | $23 |
| ▁▂▃▅▆▇██ | Total Deposits ($M) | $149 | $173 | $192 | $222 | $227 | $247 | $270 | $269 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 34% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 1% |