Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.36% | +1.05 | -1.41% |
| Return on Equity (%) | ▲ | -3.15% | +11.70 | -14.85% |
| Net Interest Margin (%) | ▲ | 2.74% | +0.74 | 2.00% |
| Efficiency Ratio (%) | ▲ | 110.67% | -63.07 | 173.74% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.83 | $-1 |
| Cost of Funds (%) | ▲ | 2.89% | -0.41 | 3.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $288 | +42.03 | $246 |
| Gross Loans ($M) | ▲ | $247 | +64.11 | $182 |
| Loan Growth YoY (%) | ▲ | 119.51% | +37.58 | 81.94% |
| Total Deposits ($M) | ▼ | $204 | -15.50 | $220 |
| Shareholders Equity ($M) | ▲ | $37 | +13.71 | $23 |
| Tang. Book Value ($M) | ▲ | $37 | +13.76 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +13.30 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 119.51% | +37.58 | 81.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.84% | -0.14 | 1.98% |
| Allowance / Loans (%) | — | 1.07% | -0.31% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 2.15% | -0.52 | 2.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▂▂▅█ | Net Interest Margin (%) | 1.85% | 1.85% | 2.02% | 2.00% | 1.99% | 2.04% | 2.31% | 2.74% |
| ▂▁▂▃▃▂██ | Return on Assets (%) | -1.51% | -1.79% | -1.49% | -1.41% | -1.43% | -1.55% | -0.49% | -0.36% |
| ██████▂▁ | Efficiency Ratio (%) | 173.7% | 177.0% | 172.5% | 173.7% | 172.7% | 179.1% | 121.7% | 110.7% |
| ██▆▆▆▂▁▂ | Cost of Funds (%) | 3.51% | 3.59% | 3.38% | 3.30% | 3.31% | 2.88% | 2.75% | 2.89% |
| ▁▂▂▆▅██▅ | NPA / Assets (%) | 0.28% | 0.84% | 0.89% | 1.98% | 1.73% | 2.82% | 2.53% | 1.84% |
| ▁▂▃▆▅██▅ | Net Charge-Off Ratio (%) | 0.42% | 1.14% | 1.22% | 2.67% | 2.25% | 3.42% | 3.11% | 2.15% |
| ▃▂▁▁▁▁██ | Tang. Book Value ($M) | $26 | $24 | $24 | $23 | $23 | $22 | $37 | $37 |
| ▁▃▃▂▂▅▇█ | Gross Loans ($M) | $167 | $190 | $188 | $182 | $179 | $215 | $233 | $247 |
| ▆██▅▂▁▁▁ | Total Deposits ($M) | $221 | $229 | $230 | $220 | $208 | $203 | $202 | $204 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 26% |