Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.42% | -0.50 | 1.92% |
| Return on Equity (%) | ▼ | 9.23% | -3.86 | 13.09% |
| Net Interest Margin (%) | ▼ | 4.18% | -0.49 | 4.68% |
| Efficiency Ratio (%) | ▼ | 54.84% | +8.48 | 46.36% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.43 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.03 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $324 | -5.50 | $330 |
| Gross Loans ($M) | ▼ | $195 | -7.53 | $202 |
| Loan Growth YoY (%) | ▼ | 71.55% | -1.16 | 72.71% |
| Total Deposits ($M) | ▼ | $269 | -7.83 | $277 |
| Shareholders Equity ($M) | ▲ | $50 | +2.56 | $48 |
| Tang. Book Value ($M) | ▲ | $50 | +2.56 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +2.50 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 71.55% | -1.16 | 72.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.08% | +4.08 | 0.00% |
| Allowance / Loans (%) | — | 1.16% | 0.68% | 0.48% |
| Net Charge-Off Ratio (%) | ▼ | 6.26% | +6.26 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄██▆▅▁▁ | Net Interest Margin (%) | 4.18% | 4.42% | 4.71% | 4.68% | 4.55% | 4.51% | 4.17% | 4.18% |
| ▅▆██▁▂▆▄ | Return on Assets (%) | 1.46% | 1.64% | 2.01% | 1.92% | 0.87% | 1.06% | 1.60% | 1.42% |
| ▇▅▁▂▅▅▇█ | Efficiency Ratio (%) | 53.3% | 50.5% | 44.4% | 46.4% | 49.7% | 50.8% | 53.1% | 54.8% |
| ▇█▂▁▃▆▃▁ | Cost of Funds (%) | 2.02% | 2.08% | 1.87% | 1.85% | 1.89% | 1.98% | 1.90% | 1.82% |
| ▁▁▁▁▃▆▆█ | NPA / Assets (%) | 0.00% | 0.02% | 0.00% | 0.00% | 1.21% | 2.79% | 2.81% | 4.08% |
| ▁▁▁▁▃▆▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 2.08% | 3.99% | 3.92% | 6.26% |
| ▁▂▄▆▅▇██ | Tang. Book Value ($M) | $43 | $44 | $46 | $48 | $47 | $49 | $50 | $50 |
| ▁▄▆█▆██▆ | Gross Loans ($M) | $173 | $184 | $195 | $202 | $194 | $199 | $202 | $195 |
| ▆▁▁▇█▅▃▅ | Total Deposits ($M) | $273 | $256 | $255 | $277 | $283 | $269 | $265 | $269 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 55% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 20% |