Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.80% | -1.01 | 0.20% |
| Return on Equity (%) | ▼ | -8.88% | -11.13 | 2.25% |
| Net Interest Margin (%) | ▼ | 2.18% | -0.20 | 2.38% |
| Efficiency Ratio (%) | ▼ | 107.54% | +6.61 | 100.93% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.02 | $-1 |
| Cost of Funds (%) | ▼ | 1.87% | +0.28 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $638 | +31.14 | $607 |
| Gross Loans ($M) | ▲ | $409 | +0.85 | $409 |
| Loan Growth YoY (%) | ▲ | 79.69% | +1.04 | 78.65% |
| Total Deposits ($M) | ▼ | $512 | -5.68 | $517 |
| Shareholders Equity ($M) | ▼ | $59 | -0.41 | $60 |
| Tang. Book Value ($M) | ▼ | $59 | -0.41 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +1.67 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 79.69% | +1.04 | 78.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.25 | 0.02% |
| Allowance / Loans (%) | — | 0.39% | -0.01% | 0.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.39 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▄▄▄▂▁▁ | Net Interest Margin (%) | 2.71% | 2.57% | 2.41% | 2.38% | 2.39% | 2.26% | 2.19% | 2.18% |
| ██████▁▂ | Return on Assets (%) | 0.37% | 0.34% | 0.26% | 0.20% | 0.35% | 0.21% | -1.04% | -0.80% |
| ▁▅▁▅▅▅▇█ | Efficiency Ratio (%) | 92.0% | 101.4% | 93.0% | 100.9% | 101.6% | 99.9% | 104.0% | 107.5% |
| ▅▁▃▆▆▄▆█ | Cost of Funds (%) | 1.51% | 1.03% | 1.35% | 1.60% | 1.59% | 1.36% | 1.64% | 1.87% |
| ▃▁▁▁▁▃▄█ | NPA / Assets (%) | 0.09% | 0.02% | 0.01% | 0.02% | 0.03% | 0.08% | 0.13% | 0.27% |
| ▃▁▁▁▁▃▄█ | Net Charge-Off Ratio (%) | 0.13% | 0.03% | 0.01% | 0.04% | 0.04% | 0.15% | 0.19% | 0.42% |
| ▄▁▃▄██▅▃ | Tang. Book Value ($M) | $60 | $57 | $59 | $60 | $62 | $63 | $60 | $59 |
| █▃▄▃▃▁▁▃ | Gross Loans ($M) | $421 | $410 | $412 | $409 | $409 | $403 | $405 | $409 |
| ▅▆▆▆█▆▁▅ | Total Deposits ($M) | $507 | $512 | $518 | $517 | $531 | $517 | $482 | $512 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 29% |