Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.40% | -0.49 | 0.89% |
| Return on Equity (%) | ▼ | 3.31% | -3.63 | 6.94% |
| Net Interest Margin (%) | ▼ | 2.29% | -0.70 | 3.00% |
| Efficiency Ratio (%) | ▼ | 97.67% | +3.49 | 94.17% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.66 | $1 |
| Cost of Funds (%) | ▼ | 2.54% | +0.09 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $225 | -5.10 | $230 |
| Gross Loans ($M) | ▲ | $148 | +6.80 | $142 |
| Loan Growth YoY (%) | ▲ | 75.59% | +5.47 | 70.12% |
| Total Deposits ($M) | ▼ | $193 | -5.55 | $199 |
| Shareholders Equity ($M) | ▲ | $28 | +0.26 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +0.26 | $27 |
| TBV excl. AOCI ($M)** | ▼ | $30 | -0.01 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 75.59% | +5.47 | 70.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.71% | -0.81 | 1.52% |
| Allowance / Loans (%) | — | 1.41% | 0.01% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.77% | -0.72 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.45% | -13.49 | 28.94% |
Noninterest income ($11.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▆▆▇▂▁ | Net Interest Margin (%) | 3.26% | 3.17% | 2.88% | 3.00% | 2.90% | 3.02% | 2.52% | 2.29% |
| ▇█▂▃▂▃▂▁ | Return on Assets (%) | 1.69% | 2.11% | 0.76% | 0.89% | 0.72% | 0.92% | 0.73% | 0.40% |
| ▁▁▃▄▄▃▆█ | Efficiency Ratio (%) | 91.8% | 92.3% | 93.9% | 94.2% | 94.6% | 93.8% | 96.1% | 97.7% |
| █▄▁▂▆▆▁▃ | Cost of Funds (%) | 2.90% | 2.55% | 2.38% | 2.45% | 2.70% | 2.69% | 2.33% | 2.54% |
| ▄█▇▄▄▂▁▁ | NPA / Assets (%) | 1.38% | 2.48% | 2.08% | 1.52% | 1.39% | 1.12% | 0.90% | 0.71% |
| ▅█▅▂▂▂▂▁ | Net Charge-Off Ratio (%) | 2.45% | 3.83% | 2.32% | 1.49% | 1.32% | 1.53% | 1.18% | 0.77% |
| ▂▅▁▅██▂▆ | Tang. Book Value ($M) | $27 | $27 | $26 | $27 | $28 | $28 | $27 | $28 |
| ▁▂▂▇▇▆▇█ | Gross Loans ($M) | $113 | $118 | $118 | $142 | $144 | $138 | $143 | $148 |
| ▁▁▁▇█▇█▆ | Total Deposits ($M) | $171 | $171 | $170 | $199 | $202 | $197 | $205 | $193 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 51% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 30% |
| Brokered / Other | 34% |