Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.27 | 0.35% |
| Return on Equity (%) | ▲ | 5.37% | +2.03 | 3.34% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.15 | 2.63% |
| Efficiency Ratio (%) | ▲ | 76.34% | -6.71 | 83.06% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.45 | $2 |
| Cost of Funds (%) | ▲ | 2.52% | -0.45 | 2.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $684 | -25.14 | $709 |
| Gross Loans ($M) | ▼ | $458 | -45.31 | $503 |
| Loan Growth YoY (%) | ▼ | 85.96% | -2.27 | 88.23% |
| Total Deposits ($M) | ▼ | $519 | -37.28 | $557 |
| Shareholders Equity ($M) | ▲ | $80 | +4.26 | $76 |
| Tang. Book Value ($M) | ▲ | $80 | +4.27 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +5.78 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 85.96% | -2.27 | 88.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.50% | +0.87 | 0.62% |
| Allowance / Loans (%) | — | 2.57% | 0.11% | 2.46% |
| Net Charge-Off Ratio (%) | ▼ | 2.23% | +1.36 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.64% | +1.24 | 14.40% |
Noninterest income ($4.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▄▄▅██ | Net Interest Margin (%) | 2.51% | 2.48% | 2.71% | 2.63% | 2.64% | 2.68% | 2.81% | 2.78% |
| ▇▆▂▆██▁█ | Return on Assets (%) | 0.47% | 0.25% | -0.28% | 0.35% | 0.51% | 0.63% | -0.47% | 0.62% |
| ▁▂▆▁▁▁█▁ | Efficiency Ratio (%) | 81.4% | 86.0% | 120.9% | 83.1% | 78.3% | 79.3% | 136.3% | 76.3% |
| ██▆▆▅▃▁▁ | Cost of Funds (%) | 3.08% | 3.15% | 2.97% | 2.97% | 2.86% | 2.73% | 2.53% | 2.52% |
| ▁▄▃▃▃▅██ | NPA / Assets (%) | 0.20% | 0.74% | 0.63% | 0.62% | 0.67% | 1.00% | 1.43% | 1.50% |
| ▁▄▃▃▃▅██ | Net Charge-Off Ratio (%) | 0.28% | 1.03% | 0.88% | 0.88% | 0.96% | 1.42% | 2.08% | 2.23% |
| ▂▁▁▃▅▇▅█ | Tang. Book Value ($M) | $74 | $73 | $74 | $76 | $77 | $78 | $77 | $80 |
| ▆▇█▇▇▄▁▁ | Gross Loans ($M) | $493 | $502 | $510 | $503 | $499 | $483 | $459 | $458 |
| ▂▄▅██▃▁▁ | Total Deposits ($M) | $526 | $534 | $542 | $557 | $555 | $532 | $521 | $519 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 86% |
| Brokered / Other | 13% |