Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.39% | +0.14 | -0.52% |
| Return on Equity (%) | ▲ | -8.08% | +2.03 | -10.11% |
| Net Interest Margin (%) | ▲ | 1.93% | +0.31 | 1.61% |
| Efficiency Ratio (%) | ▲ | 111.18% | -21.02 | 132.20% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.15 | $-0 |
| Cost of Funds (%) | ▲ | 2.18% | -0.13 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $266 | -18.76 | $285 |
| Gross Loans ($M) | ▼ | $187 | -10.41 | $197 |
| Loan Growth YoY (%) | ▼ | 82.17% | -5.55 | 87.72% |
| Total Deposits ($M) | ▲ | $226 | +2.45 | $224 |
| Shareholders Equity ($M) | ▼ | $14 | -0.43 | $15 |
| Tang. Book Value ($M) | ▼ | $14 | -0.52 | $14 |
| TBV excl. AOCI ($M)** | ▼ | $16 | -0.94 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 82.17% | -5.55 | 87.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.63% | 0.03% | 0.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.80% | +1.20 | 10.61% |
Noninterest income ($0.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 1.33% | 1.37% | 1.50% | 1.61% | 1.69% | 1.78% | 1.88% | 1.93% |
| ▇▇▇█▁▃██ | Return on Assets (%) | -0.58% | -0.62% | -0.70% | -0.52% | -1.93% | -1.43% | -0.39% | -0.39% |
| ▇██▆▃▁▁▁ | Efficiency Ratio (%) | 138.3% | 142.0% | 143.5% | 132.2% | 121.9% | 113.0% | 111.5% | 111.2% |
| █▇▆▄▅▅▄▁ | Cost of Funds (%) | 2.48% | 2.41% | 2.39% | 2.31% | 2.35% | 2.36% | 2.30% | 2.18% |
| ▁▁▁▂▁█▁▄ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.02% | 0.01% | 0.11% | 0.01% | 0.04% |
| ▁▁▁▂▁█▁▄ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.03% | 0.01% | 0.16% | 0.01% | 0.06% |
| █▇▇▇▁▁▁▆ | Tang. Book Value ($M) | $15 | $14 | $14 | $14 | $11 | $12 | $12 | $14 |
| ▁▃▅██▅▂▃ | Gross Loans ($M) | $183 | $188 | $191 | $197 | $198 | $191 | $186 | $187 |
| ▅██▄▂▁▂▅ | Total Deposits ($M) | $226 | $232 | $233 | $224 | $221 | $218 | $220 | $226 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 2% |
| Consumer | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 8% |