Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.25% | +0.44 | -0.20% |
| Return on Equity (%) | ▲ | 3.30% | +6.10 | -2.80% |
| Net Interest Margin (%) | ▲ | 2.59% | +0.43 | 2.16% |
| Efficiency Ratio (%) | ▲ | 87.69% | -22.82 | 110.51% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.46 | $-0 |
| Cost of Funds (%) | ▲ | 2.43% | -0.14 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $151 | -11.30 | $163 |
| Gross Loans ($M) | ▲ | $120 | +1.09 | $119 |
| Loan Growth YoY (%) | ▲ | 98.71% | +9.27 | 89.44% |
| Total Deposits ($M) | ▼ | $120 | -11.35 | $132 |
| Shareholders Equity ($M) | ▲ | $12 | +0.27 | $11 |
| Tang. Book Value ($M) | ▲ | $12 | +0.27 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 98.71% | +9.27 | 89.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.16 | 0.34% |
| Allowance / Loans (%) | — | 0.74% | 0.05% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.24 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.90% | +0.42 | 11.49% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅▇█ | Net Interest Margin (%) | 1.95% | 2.00% | 2.16% | 2.16% | 2.23% | 2.33% | 2.51% | 2.59% |
| ▃▁▅▅▅▅▅█ | Return on Assets (%) | -0.41% | -0.66% | -0.19% | -0.20% | -0.14% | -0.11% | -0.15% | 0.25% |
| ▇█▄▄▄▃▄▁ | Efficiency Ratio (%) | 126.1% | 135.7% | 109.5% | 110.5% | 107.9% | 105.7% | 106.8% | 87.7% |
| ██▄▄▅▄▁▂ | Cost of Funds (%) | 2.91% | 2.95% | 2.57% | 2.56% | 2.64% | 2.56% | 2.25% | 2.43% |
| ▁█▅▅▅▅▅▃ | NPA / Assets (%) | 0.02% | 0.58% | 0.34% | 0.34% | 0.35% | 0.37% | 0.33% | 0.18% |
| ▁█▅▅▅▅▅▃ | Net Charge-Off Ratio (%) | 0.03% | 0.79% | 0.47% | 0.46% | 0.46% | 0.46% | 0.44% | 0.22% |
| █▁▁▁▁▁▁▄ | Tang. Book Value ($M) | $12 | $11 | $11 | $11 | $11 | $11 | $11 | $12 |
| ▄▂▁▇█▆▅█ | Gross Loans ($M) | $117 | $116 | $115 | $119 | $119 | $118 | $118 | $120 |
| █▃▅▆▃▁▃▁ | Total Deposits ($M) | $139 | $124 | $130 | $132 | $126 | $118 | $126 | $120 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 9% |