Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.09 | 1.71% |
| Return on Equity (%) | ▼ | 14.32% | -0.41 | 14.73% |
| Net Interest Margin (%) | ▼ | 3.35% | -0.09 | 3.44% |
| Efficiency Ratio (%) | ▼ | 48.87% | +0.73 | 48.14% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.03 | $3 |
| Cost of Funds (%) | ▲ | 2.88% | -0.31 | 3.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $609 | +24.51 | $584 |
| Gross Loans ($M) | ▲ | $482 | +18.16 | $464 |
| Loan Growth YoY (%) | ▲ | 104.00% | +8.09 | 95.91% |
| Total Deposits ($M) | ▼ | $458 | -20.11 | $478 |
| Shareholders Equity ($M) | ▲ | $67 | +1.93 | $66 |
| Tang. Book Value ($M) | ▲ | $67 | +1.93 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +2.03 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 104.00% | +8.09 | 95.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.81% | +3.63 | 0.18% |
| Allowance / Loans (%) | — | 1.33% | 0.04% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 4.81% | +4.59 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆██▄▄ | Net Interest Margin (%) | 3.16% | 3.21% | 3.40% | 3.44% | 3.54% | 3.55% | 3.33% | 3.35% |
| ▁▁▅▆██▄▄ | Return on Assets (%) | 1.45% | 1.50% | 1.68% | 1.71% | 1.81% | 1.83% | 1.62% | 1.62% |
| █▇▄▃▁▁▄▄ | Efficiency Ratio (%) | 51.8% | 50.8% | 48.8% | 48.1% | 46.5% | 46.3% | 48.5% | 48.9% |
| █▇▃▄▃▂▁▁ | Cost of Funds (%) | 3.67% | 3.49% | 3.18% | 3.19% | 3.17% | 3.04% | 2.90% | 2.88% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.09% | 0.00% | 0.10% | 0.18% | 0.31% | 0.15% | 0.90% | 3.81% |
| ▁▁▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.12% | 0.00% | 0.12% | 0.22% | 0.39% | 0.19% | 1.12% | 4.81% |
| ▁▂▃▄▇██▇ | Tang. Book Value ($M) | $63 | $64 | $65 | $66 | $67 | $68 | $68 | $67 |
| ▁▁▄▆▅▆██ | Gross Loans ($M) | $426 | $430 | $450 | $464 | $458 | $464 | $481 | $482 |
| ▃▁▃▅▃▃█▁ | Total Deposits ($M) | $470 | $455 | $470 | $478 | $467 | $466 | $496 | $458 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 9% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 28% |