Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -2.73 | 3.03% |
| Return on Equity (%) | ▼ | 1.46% | -11.36 | 12.82% |
| Net Interest Margin (%) | ▼ | 5.31% | -0.12 | 5.44% |
| Efficiency Ratio (%) | ▼ | 151.58% | +89.24 | 62.34% |
| Pre-Provision Profit ($M) | ▼ | $-4 | -5.55 | $1 |
| Cost of Funds (%) | ▼ | 2.11% | +0.08 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $177 | +29.78 | $148 |
| Gross Loans ($M) | ▲ | $110 | +12.48 | $98 |
| Loan Growth YoY (%) | ▲ | 266.15% | +32.69 | 233.46% |
| Total Deposits ($M) | ▲ | $41 | +0.58 | $41 |
| Shareholders Equity ($M) | ▲ | $37 | +4.41 | $33 |
| Tang. Book Value ($M) | ▲ | $37 | +4.41 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +4.29 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 266.15% | +32.69 | 233.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.04 | 0.10% |
| Allowance / Loans (%) | — | 0.11% | -2.46% | 2.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.06 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.63% | -1.24 | 32.87% |
Noninterest income ($-3.54M) 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 (%) | 2.43% | 2.73% | 4.93% | 5.44% | 5.45% | 4.83% | 5.36% | 5.31% |
| ▂▂▄▅▇▆█▁ | Return on Assets (%) | 1.32% | 1.13% | 2.31% | 3.03% | 3.72% | 3.50% | 4.77% | 0.30% |
| ▃▃▂▂▁▁▁█ | Efficiency Ratio (%) | 74.7% | 76.0% | 67.9% | 62.3% | 57.8% | 58.8% | 47.0% | 151.6% |
| █▇▂▂▂▁▁▃ | Cost of Funds (%) | 2.51% | 2.41% | 1.99% | 2.04% | 2.04% | 1.98% | 1.92% | 2.11% |
| ▁▆▅▂▄█▃▁ | NPA / Assets (%) | 0.06% | 0.27% | 0.23% | 0.10% | 0.18% | 0.37% | 0.16% | 0.06% |
| ▁▆▅▁▄█▃▁ | Net Charge-Off Ratio (%) | 0.10% | 0.43% | 0.36% | 0.15% | 0.30% | 0.57% | 0.25% | 0.10% |
| ▁▁▂▃▅▇█▇ | Tang. Book Value ($M) | $31 | $30 | $31 | $33 | $35 | $37 | $39 | $37 |
| ▁▁▃▅▅██▇ | Gross Loans ($M) | $76 | $74 | $86 | $98 | $100 | $119 | $120 | $110 |
| ▂▁▃▃▇██▃ | Total Deposits ($M) | $38 | $34 | $41 | $41 | $54 | $56 | $57 | $41 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 1% |
| C&I / Commercial | 8% |
| Consumer | 92% |
| Deposit Mix | % |
|---|---|
| Brokered / Other | 100% |