Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.29% | -0.03 | 0.32% |
| Return on Equity (%) | ▼ | 3.04% | -0.63 | 3.67% |
| Net Interest Margin (%) | ▼ | 2.79% | -0.10 | 2.89% |
| Efficiency Ratio (%) | ▼ | 86.77% | +0.66 | 86.12% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▼ | 1.16% | +0.06 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $110 | -0.37 | $110 |
| Gross Loans ($M) | ▼ | $68 | -3.09 | $71 |
| Loan Growth YoY (%) | ▼ | 74.34% | -5.73 | 80.07% |
| Total Deposits ($M) | ▲ | $91 | +2.69 | $88 |
| Shareholders Equity ($M) | ▲ | $11 | +0.74 | $10 |
| Tang. Book Value ($M) | ▲ | $7 | +0.75 | $6 |
| TBV excl. AOCI ($M)** | ▲ | $8 | +0.75 | $7 |
| Loan / Deposit Ratio (%) | ▼ | 74.34% | -5.73 | 80.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.02 | 0.31% |
| Allowance / Loans (%) | — | 0.76% | -0.06% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.06 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.65% | +1.16 | 17.49% |
Noninterest income ($0.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁████▆▇ | Net Interest Margin (%) | 2.31% | 2.35% | 2.84% | 2.89% | 2.88% | 2.85% | 2.74% | 2.79% |
| ▁▁█▆▅▅▄▆ | Return on Assets (%) | 0.05% | 0.08% | 0.42% | 0.32% | 0.27% | 0.27% | 0.19% | 0.29% |
| ██▁▃▄▅▅▃ | Efficiency Ratio (%) | 94.8% | 94.4% | 83.2% | 86.1% | 88.9% | 90.3% | 89.8% | 86.8% |
| █▂▁▁▁▁▁▁ | Cost of Funds (%) | 2.39% | 1.33% | 1.16% | 1.10% | 1.11% | 1.17% | 1.13% | 1.16% |
| ▃▁▆▂▂██▃ | NPA / Assets (%) | 0.36% | 0.26% | 0.45% | 0.31% | 0.31% | 0.55% | 0.56% | 0.34% |
| ▄▁▆▂▁██▃ | Net Charge-Off Ratio (%) | 0.60% | 0.42% | 0.73% | 0.49% | 0.48% | 0.90% | 0.90% | 0.55% |
| ▄▁▄▅▇███ | Tang. Book Value ($M) | $6 | $5 | $6 | $6 | $7 | $7 | $7 | $7 |
| ▃█▅██▄▁▁ | Gross Loans ($M) | $69 | $71 | $70 | $71 | $71 | $69 | $68 | $68 |
| ▆▅▇▁▃██▇ | Total Deposits ($M) | $90 | $90 | $91 | $88 | $89 | $91 | $91 | $91 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 4% |