Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.17% | +0.15 | 0.03% |
| Return on Equity (%) | ▲ | 1.25% | +1.03 | 0.22% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.45 | 2.25% |
| Efficiency Ratio (%) | ▲ | 93.96% | -11.12 | 105.08% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.30 | $-0 |
| Cost of Funds (%) | ▲ | 1.53% | -0.13 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $387 | +10.79 | $377 |
| Gross Loans ($M) | ▲ | $261 | +26.71 | $234 |
| Loan Growth YoY (%) | ▲ | 85.63% | +9.68 | 75.95% |
| Total Deposits ($M) | ▼ | $301 | -3.23 | $305 |
| Shareholders Equity ($M) | ▲ | $54 | +3.49 | $51 |
| Tang. Book Value ($M) | ▲ | $53 | +3.60 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +2.87 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 85.63% | +9.68 | 75.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.00 | 0.22% |
| Allowance / Loans (%) | — | 1.02% | -0.12% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.02 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 1.98% | 2.03% | 2.19% | 2.25% | 2.29% | 2.37% | 2.65% | 2.71% |
| ▁▁▃▄▆▇▄█ | Return on Assets (%) | -0.10% | -0.10% | -0.02% | 0.03% | 0.09% | 0.13% | 0.03% | 0.17% |
| ███▆▄▃▂▁ | Efficiency Ratio (%) | 109.8% | 109.3% | 109.5% | 105.1% | 101.1% | 98.8% | 97.1% | 94.0% |
| ██▅▅▅▄▃▁ | Cost of Funds (%) | 1.76% | 1.77% | 1.67% | 1.67% | 1.67% | 1.64% | 1.61% | 1.53% |
| ▃▄█▃▂▁▂▃ | NPA / Assets (%) | 0.22% | 0.23% | 0.29% | 0.22% | 0.21% | 0.19% | 0.21% | 0.22% |
| ▇██▄▃▁▃▃ | Net Charge-Off Ratio (%) | 0.38% | 0.40% | 0.41% | 0.35% | 0.33% | 0.30% | 0.33% | 0.33% |
| ▄▁▁▃▆█▇█ | Tang. Book Value ($M) | $51 | $48 | $49 | $50 | $52 | $53 | $53 | $53 |
| ▁▁▂▄▅▇▆█ | Gross Loans ($M) | $218 | $218 | $227 | $234 | $244 | $250 | $249 | $261 |
| ▁▅▅▅▆█▄▂ | Total Deposits ($M) | $299 | $304 | $305 | $305 | $306 | $309 | $304 | $301 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 6% |