Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.61 | -0.26% |
| Return on Equity (%) | ▲ | 2.45% | +4.30 | -1.85% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.30 | 2.85% |
| Efficiency Ratio (%) | ▼ | 89.15% | +3.55 | 85.60% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.19 | $0 |
| Cost of Funds (%) | ▲ | 0.96% | -0.14 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $283 | +0.24 | $283 |
| Gross Loans ($M) | ▲ | $121 | +2.06 | $119 |
| Loan Growth YoY (%) | ▲ | 52.04% | +2.52 | 49.52% |
| Total Deposits ($M) | ▼ | $231 | -7.57 | $239 |
| Shareholders Equity ($M) | ▲ | $41 | +1.00 | $40 |
| Tang. Book Value ($M) | ▲ | $40 | +1.04 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +0.94 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 52.04% | +2.52 | 49.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.03 | 0.43% |
| Allowance / Loans (%) | — | 0.48% | -0.01% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.93% | -0.09 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 32.76% | +0.77 | 31.99% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▇█ | Net Interest Margin (%) | 2.65% | 2.66% | 2.74% | 2.85% | 2.89% | 2.93% | 3.06% | 3.15% |
| ▅▆▄▁▃▅██ | Return on Assets (%) | 0.12% | 0.13% | 0.02% | -0.26% | -0.03% | 0.06% | 0.30% | 0.35% |
| ▇▇█▁▂▂▆▄ | Efficiency Ratio (%) | 91.7% | 91.5% | 92.9% | 85.6% | 87.1% | 87.1% | 90.5% | 89.2% |
| ▆█▆▆▆▄▁▁ | Cost of Funds (%) | 1.11% | 1.17% | 1.09% | 1.10% | 1.10% | 1.05% | 0.98% | 0.96% |
| ▁▁█▃▃▃▃▃ | NPA / Assets (%) | 0.07% | 0.00% | 1.26% | 0.43% | 0.43% | 0.45% | 0.40% | 0.40% |
| ▁▁█▃▃▃▃▃ | Net Charge-Off Ratio (%) | 0.17% | 0.00% | 3.05% | 1.02% | 1.02% | 1.03% | 0.93% | 0.93% |
| ▂▃▃▁▃▅▆█ | Tang. Book Value ($M) | $39 | $39 | $39 | $39 | $39 | $40 | $40 | $40 |
| ▁▅▆▆▇███ | Gross Loans ($M) | $113 | $118 | $118 | $119 | $119 | $121 | $121 | $121 |
| ▁▇█▇▅▄▅▃ | Total Deposits ($M) | $227 | $239 | $242 | $239 | $235 | $234 | $235 | $231 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |