Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.38% | +0.51 | -0.13% |
| Return on Equity (%) | ▲ | 3.63% | +4.97 | -1.34% |
| Net Interest Margin (%) | ▲ | 2.38% | +0.60 | 1.78% |
| Efficiency Ratio (%) | ▲ | 87.52% | -16.77 | 104.30% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.48 | $-0 |
| Cost of Funds (%) | ▲ | 2.68% | -0.27 | 2.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $387 | +14.92 | $372 |
| Gross Loans ($M) | ▲ | $285 | +9.54 | $276 |
| Loan Growth YoY (%) | ▲ | 86.18% | +2.08 | 84.10% |
| Total Deposits ($M) | ▲ | $327 | +3.45 | $323 |
| Shareholders Equity ($M) | ▲ | $40 | +2.81 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +2.81 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +2.49 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 86.18% | +2.08 | 84.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.15 | 0.19% |
| Allowance / Loans (%) | — | 1.35% | -0.10% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.20 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.29% | -1.88 | 20.17% |
Noninterest income ($1.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 1.08% | 1.17% | 1.65% | 1.78% | 1.91% | 2.00% | 2.38% | 2.38% |
| ▁▁▁▂▄▅██ | Return on Assets (%) | -0.22% | -0.23% | -0.24% | -0.13% | 0.09% | 0.15% | 0.42% | 0.38% |
| ██▇▆▂▂▁▁ | Efficiency Ratio (%) | 112.9% | 113.0% | 109.1% | 104.3% | 92.4% | 91.0% | 86.9% | 87.5% |
| █▇▄▃▂▁▁▁ | Cost of Funds (%) | 3.56% | 3.44% | 3.06% | 2.95% | 2.82% | 2.70% | 2.65% | 2.68% |
| █▁▁▁▁▃▄▃ | NPA / Assets (%) | 0.75% | 0.22% | 0.22% | 0.19% | 0.19% | 0.37% | 0.41% | 0.34% |
| █▁▁▁▁▃▃▃ | Net Charge-Off Ratio (%) | 1.03% | 0.30% | 0.29% | 0.26% | 0.24% | 0.47% | 0.54% | 0.46% |
| ▅▁▂▃▆███ | Tang. Book Value ($M) | $38 | $36 | $37 | $38 | $39 | $40 | $40 | $40 |
| ▃▁▁▁▄█▆▃ | Gross Loans ($M) | $282 | $274 | $273 | $276 | $289 | $305 | $295 | $285 |
| ▃▃█▅▁▄▆▇ | Total Deposits ($M) | $321 | $321 | $328 | $323 | $318 | $322 | $325 | $327 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 10% |