Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.78% | -5.41 | 7.19% |
| Return on Equity (%) | ▼ | 2.03% | -6.33 | 8.36% |
| Net Interest Margin (%) | ▲ | 8.03% | +0.13 | 7.91% |
| Efficiency Ratio (%) | ▼ | 95.42% | +12.37 | 83.05% |
| Pre-Provision Profit ($M) | ▼ | $9 | -14.71 | $24 |
| Cost of Funds (%) | — | 0.00% | 0.00 | 0.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $772 | +37.56 | $735 |
| Gross Loans ($M) | ▼ | $24 | -6.40 | $30 |
| Loan Growth YoY (%) | ▼ | 474.17% | -74.67 | 548.84% |
| Total Deposits ($M) | ▼ | $5 | -0.44 | $5 |
| Shareholders Equity ($M) | ▲ | $681 | +47.50 | $634 |
| Tang. Book Value ($M) | ▲ | $681 | +47.50 | $634 |
| Loan / Deposit Ratio (%) | ▼ | 474.17% | -74.67 | 548.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Allowance / Loans (%) | — | 1.50% | -0.65% | 2.15% |
| Net Charge-Off Ratio (%) | ▼ | 6.86% | +2.02 | 4.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 274.44% | -7.22 | 281.66% |
Noninterest income ($113.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▁▄▄▂▄ | Net Interest Margin (%) | 8.30% | 8.32% | 7.85% | 7.91% | 8.03% | 8.04% | 7.94% | 8.03% |
| ▅▅▄▆█▇▁▂ | Return on Assets (%) | 6.10% | 6.25% | 5.04% | 7.19% | 10.20% | 7.95% | 0.16% | 1.78% |
| ▃▃▄▃▁▂█▇ | Efficiency Ratio (%) | 83.9% | 83.8% | 88.1% | 83.1% | 77.4% | 81.9% | 99.6% | 95.4% |
| ▅█▅▅▁▄▁▄ | Cost of Funds (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▄▁▁▂▂▂ | NPA / Assets (%) | 0.28% | 0.29% | 0.24% | 0.20% | 0.21% | 0.21% | 0.22% | 0.21% |
| ▁▂▃▂▄▆██ | Net Charge-Off Ratio (%) | 4.53% | 4.96% | 5.20% | 4.84% | 5.66% | 6.12% | 6.58% | 6.86% |
| ▂▁▂▄▇▇██ | Tang. Book Value ($M) | $620 | $603 | $615 | $634 | $665 | $669 | $673 | $681 |
| █▇▆▅▃▂▂▁ | Gross Loans ($M) | $36 | $34 | $32 | $30 | $28 | $27 | $25 | $24 |
| ██▇▄▃▂▁▁ | Total Deposits ($M) | $6 | $6 | $6 | $5 | $5 | $5 | $5 | $5 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 100% |