Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.08% | +0.26 | -0.19% |
| Return on Equity (%) | ▲ | 0.82% | +2.71 | -1.89% |
| Net Interest Margin (%) | ▲ | 2.27% | +0.42 | 1.85% |
| Efficiency Ratio (%) | ▲ | 96.02% | -17.53 | 113.56% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.34 | $-0 |
| Cost of Funds (%) | ▲ | 2.00% | -0.02 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $574 | +41.60 | $532 |
| Gross Loans ($M) | ▲ | $471 | +82.12 | $389 |
| Loan Growth YoY (%) | ▲ | 93.86% | +9.14 | 84.72% |
| Total Deposits ($M) | ▲ | $500 | +42.64 | $457 |
| Shareholders Equity ($M) | ▲ | $53 | +1.99 | $51 |
| Tang. Book Value ($M) | ▲ | $53 | +1.99 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +1.30 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 93.86% | +9.14 | 84.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.08 | 0.42% |
| Allowance / Loans (%) | — | 0.42% | -0.01% | 0.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.16 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.68% | -2.71 | 22.38% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 1.16% | 1.25% | 1.73% | 1.85% | 1.91% | 1.98% | 2.25% | 2.27% |
| ▁▁▄▆▆▇██ | Return on Assets (%) | -0.67% | -0.62% | -0.31% | -0.19% | -0.12% | -0.07% | 0.08% | 0.08% |
| ██▄▃▂▂▁▁ | Efficiency Ratio (%) | 156.4% | 150.5% | 121.3% | 113.6% | 108.4% | 105.4% | 95.9% | 96.0% |
| ██▁▁▂▂▂▁ | Cost of Funds (%) | 2.37% | 2.41% | 2.05% | 2.02% | 2.08% | 2.06% | 2.06% | 2.00% |
| █▆▃▃▁▁▁▁ | NPA / Assets (%) | 0.63% | 0.54% | 0.43% | 0.42% | 0.33% | 0.33% | 0.35% | 0.33% |
| █▆▄▃▁▁▁▁ | Net Charge-Off Ratio (%) | 0.93% | 0.78% | 0.60% | 0.57% | 0.42% | 0.42% | 0.43% | 0.41% |
| ▆▁▃▃▆███ | Tang. Book Value ($M) | $52 | $50 | $51 | $51 | $52 | $53 | $53 | $53 |
| ▁▁▁▃▆▇██ | Gross Loans ($M) | $347 | $347 | $361 | $389 | $434 | $449 | $457 | $471 |
| ▁▁▁▅▇███ | Total Deposits ($M) | $407 | $414 | $419 | $457 | $487 | $506 | $500 | $500 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 25% |