Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.31% | +0.76 | -0.45% |
| Return on Equity (%) | ▲ | 3.43% | +8.64 | -5.21% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.41 | 2.72% |
| Efficiency Ratio (%) | ▲ | 99.90% | -14.31 | 114.21% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.26 | $-0 |
| Cost of Funds (%) | ▲ | 1.60% | -0.18 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $327 | +2.25 | $325 |
| Gross Loans ($M) | ▲ | $286 | +1.87 | $284 |
| Loan Growth YoY (%) | ▲ | 98.20% | +1.60 | 96.60% |
| Total Deposits ($M) | ▼ | $289 | -2.35 | $291 |
| Shareholders Equity ($M) | ▲ | $31 | +2.77 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +2.77 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +2.65 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 98.20% | +1.60 | 96.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.12 | 0.16% |
| Allowance / Loans (%) | — | 0.74% | -0.18% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.09 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▇█ | Net Interest Margin (%) | 2.30% | 2.38% | 2.53% | 2.72% | 2.80% | 2.89% | 3.02% | 3.13% |
| ▂▂▁▃▄▅██ | Return on Assets (%) | -0.59% | -0.53% | -0.75% | -0.45% | -0.29% | -0.14% | 0.45% | 0.31% |
| █▇█▅▃▂▂▁ | Efficiency Ratio (%) | 123.5% | 120.1% | 125.9% | 114.2% | 109.0% | 104.2% | 104.5% | 99.9% |
| █▇▆▃▄▃▃▁ | Cost of Funds (%) | 2.14% | 2.06% | 1.99% | 1.78% | 1.82% | 1.76% | 1.79% | 1.60% |
| ▂▄▆▄█▂▂▁ | NPA / Assets (%) | 0.10% | 0.14% | 0.22% | 0.16% | 0.29% | 0.08% | 0.09% | 0.04% |
| ▂▄▆▃█▂▂▁ | Net Charge-Off Ratio (%) | 0.11% | 0.16% | 0.25% | 0.14% | 0.33% | 0.09% | 0.10% | 0.05% |
| ▄▁▁▁▂▄▄█ | Tang. Book Value ($M) | $29 | $28 | $28 | $28 | $28 | $29 | $29 | $31 |
| █▁▁▄▇█▆▅ | Gross Loans ($M) | $291 | $278 | $279 | $284 | $289 | $290 | $287 | $286 |
| █▄▁▅▃▃█▄ | Total Deposits ($M) | $298 | $290 | $282 | $291 | $287 | $287 | $296 | $289 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |