Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.41% | -2.87 | 0.46% |
| Return on Equity (%) | ▼ | -5.67% | -7.60 | 1.93% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.92 | 2.35% |
| Efficiency Ratio (%) | ▼ | 192.24% | +102.97 | 89.27% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -3.63 | $1 |
| Cost of Funds (%) | ▲ | 1.07% | -0.20 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $502 | -489.68 | $991 |
| Gross Loans ($M) | ▼ | $114 | -572.59 | $687 |
| Loan Growth YoY (%) | ▼ | 44.13% | -67.38 | 111.51% |
| Total Deposits ($M) | ▼ | $255 | -353.56 | $609 |
| Shareholders Equity ($M) | ▼ | $238 | -4.88 | $243 |
| Tang. Book Value ($M) | ▲ | $238 | +170.11 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $249 | +180.30 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 44.13% | -67.38 | 111.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -3.44 | 3.52% |
| Allowance / Loans (%) | — | 1.50% | 0.32% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -4.67 | 5.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 174.54% | +150.60 | 23.93% |
Noninterest income ($-1.07M) 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 (%) | 1.86% | 1.98% | 2.04% | 2.35% | 2.59% | 2.97% | 3.27% | 3.27% |
| ▆▆▆▇█▆▁▁ | Return on Assets (%) | 0.16% | 0.22% | 0.36% | 0.46% | 1.42% | 0.32% | -2.82% | -2.41% |
| ▃▃▃▃▁▁██ | Efficiency Ratio (%) | 100.7% | 97.8% | 91.6% | 89.3% | 45.6% | 55.3% | 209.0% | 192.2% |
| █▅█▆▂▁▂▂ | Cost of Funds (%) | 1.40% | 1.24% | 1.45% | 1.27% | 1.04% | 0.95% | 1.04% | 1.07% |
| █████▁▁▁ | NPA / Assets (%) | 3.38% | 3.55% | 3.46% | 3.52% | 3.54% | 0.01% | 0.08% | 0.09% |
| █████▁▁▁ | Net Charge-Off Ratio (%) | 4.89% | 5.14% | 4.93% | 5.06% | 5.19% | 0.01% | 0.34% | 0.38% |
| ▁▁▁▁████ | Tang. Book Value ($M) | $48 | $54 | $61 | $68 | $247 | $245 | $240 | $238 |
| ████▇▁▁▁ | Gross Loans ($M) | $728 | $713 | $702 | $687 | $635 | $88 | $109 | $114 |
| █▆▆▇▇▃▁▁ | Total Deposits ($M) | $715 | $568 | $597 | $609 | $651 | $406 | $273 | $255 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 13% |