Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.54 | 0.20% |
| Return on Equity (%) | ▲ | 9.71% | +7.06 | 2.65% |
| Net Interest Margin (%) | ▲ | 2.74% | +0.39 | 2.35% |
| Efficiency Ratio (%) | ▲ | 91.63% | -6.00 | 97.63% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 2.82% | -0.06 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $183 | +0.76 | $182 |
| Gross Loans ($M) | ▲ | $152 | +0.65 | $151 |
| Loan Growth YoY (%) | ▲ | 125.05% | +0.28 | 124.78% |
| Total Deposits ($M) | ▲ | $120 | +0.27 | $120 |
| Shareholders Equity ($M) | ▲ | $14 | +0.79 | $13 |
| Tang. Book Value ($M) | ▲ | $13 | +0.93 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 125.05% | +0.28 | 124.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.04 | 0.46% |
| Allowance / Loans (%) | — | 0.90% | -0.02% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.12 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.44% | +0.63 | 11.81% |
Noninterest income ($3.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 2.16% | 2.22% | 2.16% | 2.35% | 2.50% | 2.55% | 2.66% | 2.74% |
| ▂▁▃▄▆▅██ | Return on Assets (%) | -0.18% | -0.42% | 0.02% | 0.20% | 0.45% | 0.24% | 0.83% | 0.74% |
| ▇█▆▄▃▄▁▁ | Efficiency Ratio (%) | 102.3% | 105.4% | 99.8% | 97.6% | 94.8% | 97.1% | 90.2% | 91.6% |
| ▇█▄▂▃▂▁▂ | Cost of Funds (%) | 3.47% | 3.70% | 3.09% | 2.87% | 2.93% | 2.89% | 2.67% | 2.82% |
| █▇▆▄▁▁▅▄ | NPA / Assets (%) | 0.74% | 0.62% | 0.57% | 0.46% | 0.26% | 0.29% | 0.53% | 0.50% |
| ▇██▄▁▁▇▆ | Net Charge-Off Ratio (%) | 0.64% | 0.69% | 0.69% | 0.48% | 0.31% | 0.35% | 0.63% | 0.60% |
| ▄▁▁▂▅▄▆█ | Tang. Book Value ($M) | $13 | $12 | $12 | $12 | $13 | $13 | $13 | $13 |
| █▁▅▇▅▅▇█ | Gross Loans ($M) | $154 | $133 | $145 | $151 | $146 | $144 | $150 | $152 |
| █▃▄▄▂▁▁▄ | Total Deposits ($M) | $134 | $118 | $122 | $120 | $115 | $111 | $112 | $120 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 17% |