Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.09 | 0.38% |
| Return on Equity (%) | ▲ | 3.81% | +0.64 | 3.17% |
| Net Interest Margin (%) | ▲ | 3.07% | +0.15 | 2.92% |
| Efficiency Ratio (%) | ▲ | 80.93% | -3.88 | 84.81% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.09 | $0 |
| Cost of Funds (%) | — | 1.18% | 0.00 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $247 | +13.02 | $234 |
| Gross Loans ($M) | ▲ | $156 | +4.80 | $152 |
| Loan Growth YoY (%) | ▼ | 74.36% | -1.52 | 75.88% |
| Total Deposits ($M) | ▲ | $210 | +10.57 | $199 |
| Shareholders Equity ($M) | ▲ | $30 | +2.01 | $28 |
| Tang. Book Value ($M) | ▲ | $30 | +2.07 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.42 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 74.36% | -1.52 | 75.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.03 | 0.29% |
| Allowance / Loans (%) | — | 0.17% | -0.02% | 0.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.05 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.76% | 2.78% | 2.81% | 2.92% | 2.96% | 2.97% | 3.01% | 3.07% |
| ▁▁▁▆▇▆▆█ | Return on Assets (%) | 0.25% | 0.23% | 0.24% | 0.38% | 0.42% | 0.40% | 0.39% | 0.47% |
| ███▄▂▃▄▁ | Efficiency Ratio (%) | 89.8% | 90.7% | 90.7% | 84.8% | 83.3% | 84.0% | 85.2% | 80.9% |
| ▅▆▁▄▇█▄▃ | Cost of Funds (%) | 1.20% | 1.21% | 1.14% | 1.18% | 1.22% | 1.24% | 1.18% | 1.18% |
| █▄▂▁▁▂▂▃ | NPA / Assets (%) | 0.42% | 0.35% | 0.31% | 0.29% | 0.28% | 0.30% | 0.31% | 0.32% |
| ██▄▂▁▄▅▇ | Net Charge-Off Ratio (%) | 0.52% | 0.52% | 0.47% | 0.45% | 0.44% | 0.47% | 0.48% | 0.50% |
| ▄▁▂▃▇█▇█ | Tang. Book Value ($M) | $28 | $27 | $28 | $28 | $29 | $30 | $29 | $30 |
| ▁▂▁▃▃▅▅█ | Gross Loans ($M) | $150 | $151 | $151 | $152 | $152 | $153 | $153 | $156 |
| ▁▂▄▅▅▅▇█ | Total Deposits ($M) | $187 | $192 | $197 | $199 | $200 | $199 | $207 | $210 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |