Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.40% | +0.24 | 0.16% |
| Return on Equity (%) | ▲ | 3.78% | +2.21 | 1.57% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.46 | 2.65% |
| Efficiency Ratio (%) | ▲ | 78.00% | -13.37 | 91.37% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.49 | $0 |
| Cost of Funds (%) | ▲ | 1.68% | -0.18 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $422 | -4.67 | $427 |
| Gross Loans ($M) | ▲ | $302 | +14.71 | $287 |
| Loan Growth YoY (%) | ▲ | 91.60% | +6.07 | 85.53% |
| Total Deposits ($M) | ▼ | $325 | -6.62 | $332 |
| Shareholders Equity ($M) | ▲ | $45 | +2.04 | $43 |
| Tang. Book Value ($M) | ▲ | $45 | +2.31 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +2.23 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 91.60% | +6.07 | 85.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.95% | -0.09 | 1.04% |
| Allowance / Loans (%) | — | 1.29% | 0.16% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 1.32% | -0.22 | 1.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▃▄▄▇█ | Net Interest Margin (%) | 2.60% | 2.58% | 2.49% | 2.65% | 2.73% | 2.77% | 2.98% | 3.11% |
| ▁▁▂▄▄▅▇█ | Return on Assets (%) | 0.03% | 0.00% | 0.06% | 0.16% | 0.19% | 0.21% | 0.34% | 0.40% |
| ██▇▅▅▄▂▁ | Efficiency Ratio (%) | 99.5% | 100.2% | 97.2% | 91.4% | 89.5% | 88.6% | 80.9% | 78.0% |
| █▇▅▆▇▄▁▁ | Cost of Funds (%) | 1.93% | 1.90% | 1.83% | 1.86% | 1.89% | 1.79% | 1.71% | 1.68% |
| ▂▂█▅▁▆▄▄ | NPA / Assets (%) | 0.83% | 0.77% | 1.27% | 1.04% | 0.69% | 1.07% | 0.94% | 0.95% |
| ▁▁█▅▁▅▃▃ | Net Charge-Off Ratio (%) | 1.11% | 1.09% | 1.96% | 1.54% | 1.01% | 1.58% | 1.35% | 1.32% |
| ▂▁▂▄▅▆▇█ | Tang. Book Value ($M) | $41 | $41 | $42 | $42 | $43 | $44 | $44 | $45 |
| ▆▄▁▂▁▂▅█ | Gross Loans ($M) | $297 | $293 | $284 | $287 | $286 | $287 | $295 | $302 |
| ▁▄█▆▄▅▆▅ | Total Deposits ($M) | $302 | $321 | $345 | $332 | $323 | $327 | $329 | $325 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 6% |