Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.48 | -0.20% |
| Return on Equity (%) | ▲ | 2.69% | +4.98 | -2.29% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.13 | 3.23% |
| Efficiency Ratio (%) | ▲ | 89.77% | -13.46 | 103.23% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.21 | $0 |
| Cost of Funds (%) | ▼ | 1.64% | +0.23 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $164 | -12.06 | $176 |
| Gross Loans ($M) | ▼ | $116 | -1.89 | $118 |
| Loan Growth YoY (%) | ▲ | 85.61% | +2.68 | 82.92% |
| Total Deposits ($M) | ▼ | $134 | -6.54 | $141 |
| Shareholders Equity ($M) | ▲ | $17 | +1.52 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.44 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.04 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 85.61% | +2.68 | 82.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.29% | -0.04% | 1.32% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -15.32 | 15.32% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇█▇▇ | Net Interest Margin (%) | 2.81% | 2.84% | 3.07% | 3.23% | 3.40% | 3.49% | 3.35% | 3.37% |
| ▆▅▁▃▅█▇█ | Return on Assets (%) | 0.04% | -0.01% | -0.47% | -0.20% | -0.03% | 0.23% | 0.11% | 0.28% |
| █▆█▇▅▃▂▁ | Efficiency Ratio (%) | 105.6% | 103.0% | 107.5% | 103.2% | 99.4% | 94.5% | 93.1% | 89.8% |
| █▅▂▁▁▁▁▄ | Cost of Funds (%) | 2.01% | 1.74% | 1.52% | 1.40% | 1.38% | 1.43% | 1.41% | 1.64% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▁▂▂▆█▇█ | Tang. Book Value ($M) | $16 | $15 | $16 | $16 | $17 | $17 | $17 | $17 |
| ▁▃▆█▇▇▇█ | Gross Loans ($M) | $98 | $105 | $112 | $118 | $116 | $113 | $115 | $116 |
| ▂█▅▆█▂▁▃ | Total Deposits ($M) | $133 | $148 | $140 | $141 | $147 | $132 | $128 | $134 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 17% |