Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.18% | -0.49 | 1.67% |
| Return on Equity (%) | ▼ | 8.47% | -7.26 | 15.73% |
| Net Interest Margin (%) | ▲ | 5.32% | +0.28 | 5.04% |
| Efficiency Ratio (%) | ▼ | 71.36% | +13.97 | 57.39% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.38 | $3 |
| Cost of Funds (%) | ▲ | 0.56% | -0.20 | 0.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $362 | -59.06 | $421 |
| Gross Loans ($M) | ▲ | $210 | +13.80 | $196 |
| Loan Growth YoY (%) | ▲ | 68.74% | +16.03 | 52.71% |
| Total Deposits ($M) | ▼ | $303 | -66.37 | $369 |
| Shareholders Equity ($M) | ▲ | $54 | +7.37 | $46 |
| Tang. Book Value ($M) | ▲ | $54 | +7.38 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +7.35 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 68.74% | +16.03 | 52.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.02 | 0.56% |
| Allowance / Loans (%) | — | 0.96% | 0.07% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.94% | -0.27 | 1.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▁▄▅▅▆█ | Net Interest Margin (%) | 4.77% | 4.93% | 4.77% | 5.04% | 5.10% | 5.11% | 5.13% | 5.32% |
| ▅█▄█▆▄▂▁ | Return on Assets (%) | 1.43% | 1.61% | 1.36% | 1.67% | 1.51% | 1.42% | 1.25% | 1.18% |
| ▃▁▄▁▂▃▇█ | Efficiency Ratio (%) | 61.7% | 58.2% | 62.7% | 57.4% | 60.4% | 62.4% | 69.5% | 71.4% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 1.01% | 0.89% | 0.75% | 0.76% | 0.75% | 0.66% | 0.58% | 0.56% |
| ▁█▅▄▄▄▃▄ | NPA / Assets (%) | 0.34% | 0.84% | 0.59% | 0.56% | 0.56% | 0.57% | 0.53% | 0.55% |
| ▁█▄▃▃▂▁▁ | Net Charge-Off Ratio (%) | 0.88% | 1.92% | 1.34% | 1.21% | 1.15% | 1.14% | 0.98% | 0.94% |
| ▁▁▄▅▆███ | Tang. Book Value ($M) | $38 | $40 | $44 | $46 | $48 | $52 | $53 | $54 |
| ▁▄▄▆▇▇██ | Gross Loans ($M) | $156 | $177 | $177 | $196 | $203 | $198 | $207 | $210 |
| ▇▇▆██▄▃▁ | Total Deposits ($M) | $360 | $361 | $349 | $369 | $365 | $335 | $326 | $303 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 24% |
| C&I / Commercial | 25% |
| Other | 52% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 24% |