Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.72% | +0.29 | -1.01% |
| Return on Equity (%) | ▲ | -10.10% | +3.90 | -14.00% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.37 | 3.16% |
| Efficiency Ratio (%) | ▲ | 115.75% | -10.10 | 125.85% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -0.39 | $-1 |
| Cost of Funds (%) | ▲ | 1.58% | -0.25 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $658 | -60.41 | $718 |
| Gross Loans ($M) | ▼ | $551 | -53.95 | $605 |
| Loan Growth YoY (%) | ▲ | 93.99% | +2.31 | 91.68% |
| Total Deposits ($M) | ▼ | $581 | -72.69 | $653 |
| Shareholders Equity ($M) | ▼ | $47 | -4.43 | $52 |
| Tang. Book Value ($M) | ▼ | $47 | -4.43 | $52 |
| TBV excl. AOCI ($M)** | ▼ | $49 | -4.55 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 93.99% | +2.31 | 91.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.91% | -0.67 | 3.58% |
| Allowance / Loans (%) | — | 1.02% | -0.03% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 3.46% | -0.77 | 4.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.41% | -0.11 | 10.51% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▃▁▄▅▆██ | Net Interest Margin (%) | 3.44% | 3.08% | 2.81% | 3.16% | 3.22% | 3.31% | 3.44% | 3.53% |
| █▆▁▄▄▅▆▆ | Return on Assets (%) | -0.38% | -0.83% | -1.61% | -1.01% | -1.02% | -0.92% | -0.69% | -0.72% |
| ▁▃█▅▅▄▂▂ | Efficiency Ratio (%) | 106.6% | 120.9% | 144.9% | 125.9% | 126.6% | 123.1% | 115.3% | 115.8% |
| ▇█▇▆▅▄▂▁ | Cost of Funds (%) | 1.87% | 1.96% | 1.87% | 1.83% | 1.79% | 1.73% | 1.65% | 1.58% |
| ▁▂▃▄▅█▁▁ | NPA / Assets (%) | 2.84% | 3.13% | 3.43% | 3.58% | 3.97% | 4.67% | 2.99% | 2.91% |
| ▁▂▃▃▅█▁▁ | Net Charge-Off Ratio (%) | 3.44% | 3.74% | 4.10% | 4.24% | 4.70% | 5.57% | 3.59% | 3.46% |
| █▅▄▃▃▂▁▁ | Tang. Book Value ($M) | $60 | $54 | $52 | $52 | $51 | $50 | $49 | $47 |
| ███▇▅▄▂▁ | Gross Loans ($M) | $619 | $611 | $614 | $605 | $593 | $582 | $562 | $551 |
| █▆█▇▅▁▁▁ | Total Deposits ($M) | $658 | $645 | $669 | $653 | $632 | $585 | $590 | $581 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 3% |