Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.88 | 0.02% |
| Return on Equity (%) | ▲ | 3.97% | +3.86 | 0.11% |
| Net Interest Margin (%) | ▲ | 2.86% | +0.05 | 2.81% |
| Efficiency Ratio (%) | ▲ | 79.06% | -19.82 | 98.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.84 | $0 |
| Cost of Funds (%) | ▲ | 1.15% | -0.24 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $270 | -5.97 | $276 |
| Gross Loans ($M) | ▼ | $129 | -9.47 | $138 |
| Loan Growth YoY (%) | ▼ | 63.54% | -1.35 | 64.89% |
| Total Deposits ($M) | ▼ | $201 | -10.25 | $212 |
| Shareholders Equity ($M) | ▲ | $62 | +4.23 | $58 |
| Tang. Book Value ($M) | ▲ | $62 | +4.24 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +4.49 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 63.54% | -1.35 | 64.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.79 | 0.10% |
| Allowance / Loans (%) | — | 0.85% | -0.02% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 1.87% | +1.66 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▂▁▂▆▇█▄ | Net Interest Margin (%) | 2.87% | 2.82% | 2.78% | 2.81% | 2.89% | 2.91% | 2.95% | 2.86% |
| ▁▂▁▁▃▄▄█ | Return on Assets (%) | 0.03% | 0.15% | -0.09% | 0.02% | 0.17% | 0.29% | 0.33% | 0.90% |
| ▆▅█▇▆▅▅▁ | Efficiency Ratio (%) | 96.8% | 94.7% | 104.8% | 98.9% | 95.5% | 93.6% | 92.1% | 79.1% |
| ▅█▇█▇▄▁▁ | Cost of Funds (%) | 1.29% | 1.39% | 1.35% | 1.39% | 1.35% | 1.25% | 1.12% | 1.15% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.10% | 0.00% | 0.09% | 0.10% | 0.11% | 0.11% | 0.10% | 0.89% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.19% | 0.00% | 0.20% | 0.21% | 0.21% | 0.21% | 0.22% | 1.87% |
| ▂▁▂▃▅▆▇█ | Tang. Book Value ($M) | $57 | $56 | $57 | $58 | $59 | $61 | $61 | $62 |
| █▄▅█▇▅▂▁ | Gross Loans ($M) | $138 | $133 | $134 | $138 | $136 | $134 | $131 | $129 |
| ▁▇█▇▃▁▃▂ | Total Deposits ($M) | $199 | $211 | $214 | $212 | $204 | $200 | $203 | $201 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |