Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.38 | -0.11% |
| Return on Equity (%) | ▲ | 4.17% | +5.86 | -1.69% |
| Net Interest Margin (%) | ▲ | 2.36% | +0.43 | 1.93% |
| Efficiency Ratio (%) | ▲ | 87.65% | -18.08 | 105.73% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $-0 |
| Cost of Funds (%) | ▲ | 1.70% | -0.18 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $181 | +3.46 | $177 |
| Gross Loans ($M) | ▲ | $121 | +7.90 | $113 |
| Loan Growth YoY (%) | ▲ | 72.06% | +2.33 | 69.73% |
| Total Deposits ($M) | ▲ | $168 | +5.70 | $162 |
| Shareholders Equity ($M) | ▲ | $12 | +1.14 | $11 |
| Tang. Book Value ($M) | ▲ | $12 | +1.14 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +1.11 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 72.06% | +2.33 | 69.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.14 | 0.33% |
| Allowance / Loans (%) | — | 0.17% | -0.00% | 0.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.12 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▇█ | Net Interest Margin (%) | 1.72% | 1.72% | 1.88% | 1.93% | 1.99% | 2.03% | 2.25% | 2.36% |
| ▁▁▂▂▃▁▆█ | Return on Assets (%) | -0.22% | -0.19% | -0.10% | -0.11% | -0.06% | -0.21% | 0.10% | 0.28% |
| ██▇▆▅▇▂▁ | Efficiency Ratio (%) | 112.4% | 112.4% | 107.3% | 105.7% | 103.0% | 107.3% | 91.1% | 87.7% |
| ██▅▅▄▅▁▁ | Cost of Funds (%) | 2.06% | 2.04% | 1.89% | 1.88% | 1.86% | 1.89% | 1.71% | 1.70% |
| ▁▃▂▁▇█▄▄ | NPA / Assets (%) | 0.32% | 0.43% | 0.37% | 0.33% | 0.61% | 0.70% | 0.46% | 0.47% |
| ▁▃▂▁▇█▃▂ | Net Charge-Off Ratio (%) | 0.51% | 0.67% | 0.58% | 0.51% | 0.95% | 1.06% | 0.71% | 0.63% |
| ▇▁▄▂▇█▇█ | Tang. Book Value ($M) | $12 | $11 | $11 | $11 | $12 | $12 | $12 | $12 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $110 | $111 | $112 | $113 | $115 | $118 | $119 | $121 |
| ▂▁▃▄▅▆██ | Total Deposits ($M) | $159 | $157 | $160 | $162 | $163 | $164 | $168 | $168 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 9% |