Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.08% | -0.06 | -0.02% |
| Return on Equity (%) | ▼ | -0.74% | -0.48 | -0.26% |
| Net Interest Margin (%) | ▼ | 1.98% | -0.18 | 2.16% |
| Efficiency Ratio (%) | ▲ | 100.08% | -3.16 | 103.24% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $-0 |
| Cost of Funds (%) | ▲ | 2.45% | -0.35 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $109 | +15.17 | $93 |
| Gross Loans ($M) | ▲ | $90 | +12.23 | $77 |
| Loan Growth YoY (%) | ▲ | 124.02% | +3.54 | 120.48% |
| Total Deposits ($M) | ▲ | $72 | +8.02 | $64 |
| Shareholders Equity ($M) | ▲ | $11 | +3.54 | $8 |
| Tang. Book Value ($M) | ▲ | $10 | +3.22 | $7 |
| Loan / Deposit Ratio (%) | ▲ | 124.02% | +3.54 | 120.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.72 | 0.35% |
| Allowance / Loans (%) | — | 0.58% | -0.06% | 0.64% |
| Net Charge-Off Ratio (%) | ▼ | 1.30% | +0.87 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.68% | +2.63 | 16.05% |
Noninterest income ($0.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇█▇█▂▄ | Net Interest Margin (%) | 1.85% | 1.86% | 2.10% | 2.16% | 2.12% | 2.13% | 1.92% | 1.98% |
| ▁▁▆▅▆█▁▃ | Return on Assets (%) | -0.15% | -0.18% | 0.03% | -0.02% | 0.02% | 0.11% | -0.18% | -0.08% |
| ▇█▄▄▃▁▅▂ | Efficiency Ratio (%) | 110.9% | 113.6% | 103.7% | 103.2% | 101.5% | 96.3% | 106.9% | 100.1% |
| ██▄▄▃▂▂▁ | Cost of Funds (%) | 3.18% | 3.10% | 2.80% | 2.80% | 2.72% | 2.62% | 2.55% | 2.45% |
| ▁▁▁▁▂██▇ | NPA / Assets (%) | 0.34% | 0.41% | 0.37% | 0.35% | 0.51% | 1.29% | 1.27% | 1.07% |
| ▁▁▁▁▂█▇▆ | Net Charge-Off Ratio (%) | 0.45% | 0.50% | 0.45% | 0.42% | 0.68% | 1.80% | 1.62% | 1.30% |
| ▁▂▃▃████ | Tang. Book Value ($M) | $6 | $6 | $7 | $7 | $10 | $10 | $10 | $10 |
| ▄▂▃▃▂▁▄█ | Gross Loans ($M) | $80 | $76 | $77 | $77 | $76 | $72 | $79 | $90 |
| ▇▂▁▁▅▄▇█ | Total Deposits ($M) | $71 | $65 | $65 | $64 | $69 | $67 | $70 | $72 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 20% |