Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.04% | +0.28 | -0.25% |
| Return on Equity (%) | ▲ | 0.37% | +3.00 | -2.63% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.48 | 2.52% |
| Efficiency Ratio (%) | ▲ | 97.09% | -8.04 | 105.13% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $-0 |
| Cost of Funds (%) | ▲ | 2.25% | -0.30 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $126 | -8.63 | $135 |
| Gross Loans ($M) | ▼ | $79 | -5.38 | $84 |
| Loan Growth YoY (%) | ▼ | 82.35% | -6.14 | 88.49% |
| Total Deposits ($M) | ▲ | $95 | +0.71 | $95 |
| Shareholders Equity ($M) | ▲ | $13 | +0.24 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +0.24 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +0.16 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 82.35% | -6.14 | 88.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.16 | 0.26% |
| Allowance / Loans (%) | — | 0.33% | -0.16% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.26 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 26.12% | +1.73 | 24.39% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅██ | Net Interest Margin (%) | 2.34% | 2.36% | 2.41% | 2.52% | 2.59% | 2.67% | 2.92% | 3.00% |
| ▁▂▅▅▄▅▄█ | Return on Assets (%) | -0.57% | -0.44% | -0.21% | -0.25% | -0.28% | -0.23% | -0.30% | 0.04% |
| █▇▇▅▅▄▅▁ | Efficiency Ratio (%) | 111.8% | 109.4% | 109.4% | 105.1% | 104.8% | 104.1% | 104.8% | 97.1% |
| ██▅▅▅▂▁▁ | Cost of Funds (%) | 2.84% | 2.84% | 2.59% | 2.56% | 2.58% | 2.38% | 2.31% | 2.25% |
| ▁▅▆▄▆██▂ | NPA / Assets (%) | 0.03% | 0.30% | 0.35% | 0.26% | 0.39% | 0.46% | 0.51% | 0.10% |
| ▁▇▇▅▆██▂ | Net Charge-Off Ratio (%) | 0.05% | 0.51% | 0.55% | 0.42% | 0.49% | 0.58% | 0.65% | 0.16% |
| █▅▄▁▂▃▁▄ | Tang. Book Value ($M) | $13 | $13 | $13 | $12 | $12 | $13 | $12 | $13 |
| ▇▄▄█▄▄▂▁ | Gross Loans ($M) | $83 | $81 | $81 | $84 | $81 | $81 | $80 | $79 |
| ▇▃▁▆▆█▅█ | Total Deposits ($M) | $95 | $93 | $92 | $95 | $95 | $96 | $94 | $95 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |