Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.35% | +0.43 | -0.78% |
| Return on Equity (%) | ▲ | -4.03% | +4.79 | -8.82% |
| Net Interest Margin (%) | ▲ | 1.61% | +0.42 | 1.18% |
| Efficiency Ratio (%) | ▲ | 115.98% | -41.59 | 157.58% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +1.52 | $-2 |
| Cost of Funds (%) | ▲ | 2.54% | -0.31 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $987 | -44.59 | $1,031 |
| Gross Loans ($M) | ▼ | $782 | -49.72 | $832 |
| Loan Growth YoY (%) | ▼ | 90.03% | -2.80 | 92.83% |
| Total Deposits ($M) | ▼ | $862 | -27.13 | $889 |
| Shareholders Equity ($M) | ▼ | $87 | -2.83 | $90 |
| Tang. Book Value ($M) | ▼ | $87 | -2.83 | $90 |
| TBV excl. AOCI ($M)** | ▼ | $94 | -2.62 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 90.03% | -2.80 | 92.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.20 | 0.51% |
| Allowance / Loans (%) | — | 0.82% | -0.00% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.24 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.24% | +0.27 | 12.97% |
Noninterest income ($1.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 0.92% | 0.92% | 1.13% | 1.18% | 1.27% | 1.32% | 1.53% | 1.61% |
| ▃▁▂▃▄▆▆█ | Return on Assets (%) | -0.74% | -0.95% | -0.85% | -0.78% | -0.66% | -0.51% | -0.54% | -0.35% |
| ██▆▅▄▃▂▁ | Efficiency Ratio (%) | 191.1% | 190.6% | 171.5% | 157.6% | 145.5% | 137.9% | 134.7% | 116.0% |
| ██▆▄▄▃▁▁ | Cost of Funds (%) | 3.22% | 3.18% | 3.00% | 2.85% | 2.86% | 2.71% | 2.52% | 2.54% |
| █▇▆▆▂▁▂▃ | NPA / Assets (%) | 0.67% | 0.55% | 0.52% | 0.51% | 0.23% | 0.16% | 0.26% | 0.32% |
| █▇▆▆▂▁▂▃ | Net Charge-Off Ratio (%) | 0.84% | 0.69% | 0.64% | 0.64% | 0.29% | 0.21% | 0.33% | 0.40% |
| █▅▄▃▂▂▁▁ | Tang. Book Value ($M) | $98 | $94 | $92 | $90 | $89 | $89 | $88 | $87 |
| ██▇▆▄▃▂▁ | Gross Loans ($M) | $855 | $852 | $838 | $832 | $813 | $804 | $795 | $782 |
| ▆█▇▅▂▃▅▁ | Total Deposits ($M) | $898 | $911 | $903 | $889 | $870 | $876 | $888 | $862 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 25% |