Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.24% | -0.06 | 0.30% |
| Return on Equity (%) | ▼ | 1.63% | -0.46 | 2.09% |
| Net Interest Margin (%) | ▲ | 2.57% | +0.08 | 2.50% |
| Efficiency Ratio (%) | ▼ | 88.44% | +2.06 | 86.38% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.19 | $1 |
| Cost of Funds (%) | ▼ | 1.40% | +0.04 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +5.23 | $354 |
| Gross Loans ($M) | ▲ | $299 | +5.35 | $294 |
| Loan Growth YoY (%) | ▲ | 98.10% | +0.40 | 97.70% |
| Total Deposits ($M) | ▲ | $304 | +4.23 | $300 |
| Shareholders Equity ($M) | ▲ | $54 | +1.24 | $53 |
| Tang. Book Value ($M) | ▲ | $54 | +1.24 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +1.36 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 98.10% | +0.40 | 97.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.15 | 0.37% |
| Allowance / Loans (%) | — | 0.34% | -0.00% | 0.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.18 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 29.63% | -0.43 | 30.06% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇▇▇██ | Net Interest Margin (%) | 2.17% | 2.15% | 2.43% | 2.50% | 2.51% | 2.51% | 2.57% | 2.57% |
| ▁▃▇█████ | Return on Assets (%) | -1.05% | -0.62% | 0.09% | 0.30% | 0.24% | 0.25% | 0.16% | 0.24% |
| ██▅▁▂▂▃▂ | Efficiency Ratio (%) | 99.6% | 101.4% | 95.7% | 86.4% | 89.3% | 88.9% | 91.2% | 88.4% |
| ▇█▁▁▂▂▁▁ | Cost of Funds (%) | 1.64% | 1.71% | 1.41% | 1.36% | 1.43% | 1.42% | 1.38% | 1.40% |
| ▄▁▂█▄▂▃▃ | NPA / Assets (%) | 0.23% | 0.14% | 0.18% | 0.37% | 0.23% | 0.19% | 0.21% | 0.23% |
| ▄▁▂█▄▂▃▃ | Net Charge-Off Ratio (%) | 0.28% | 0.17% | 0.22% | 0.45% | 0.28% | 0.23% | 0.26% | 0.27% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $51 | $51 | $52 | $53 | $53 | $53 | $53 | $54 |
| ▇▆▄▃▁▁▁█ | Gross Loans ($M) | $298 | $297 | $295 | $294 | $292 | $292 | $292 | $299 |
| ▇█▅▃▁▄▆▆ | Total Deposits ($M) | $305 | $309 | $303 | $300 | $294 | $301 | $304 | $304 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 7% |