Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.33% | -1.03 | 3.36% |
| Return on Equity (%) | ▼ | 8.97% | -5.07 | 14.04% |
| Net Interest Margin (%) | ▼ | 4.88% | -0.42 | 5.30% |
| Efficiency Ratio (%) | ▼ | 44.89% | +8.89 | 36.00% |
| Pre-Provision Profit ($M) | ▼ | $5 | -1.33 | $6 |
| Cost of Funds (%) | ▲ | 1.58% | -0.25 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $614 | -45.74 | $660 |
| Gross Loans ($M) | ▲ | $524 | +2.86 | $522 |
| Loan Growth YoY (%) | ▲ | 121.36% | +13.16 | 108.19% |
| Total Deposits ($M) | ▼ | $428 | -49.99 | $478 |
| Shareholders Equity ($M) | ▲ | $164 | +5.34 | $159 |
| Tang. Book Value ($M) | ▲ | $162 | +5.34 | $157 |
| Loan / Deposit Ratio (%) | ▲ | 121.36% | +13.16 | 108.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 7.35% | -0.48 | 7.83% |
| Allowance / Loans (%) | — | 0.88% | 0.10% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 5.77% | -2.90 | 8.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆█▇▁▂ | Net Interest Margin (%) | 4.63% | 4.68% | 5.24% | 5.30% | 5.65% | 5.43% | 4.75% | 4.88% |
| ▃▅████▁▁ | Return on Assets (%) | 2.60% | 2.89% | 3.49% | 3.36% | 3.51% | 3.44% | 2.17% | 2.33% |
| ▅▅▁▁▁▁█▇ | Efficiency Ratio (%) | 41.8% | 41.2% | 36.4% | 36.0% | 35.3% | 36.7% | 47.1% | 44.9% |
| █▅▆▆▆▆▁▁ | Cost of Funds (%) | 1.95% | 1.81% | 1.85% | 1.83% | 1.83% | 1.81% | 1.61% | 1.58% |
| █▅▄▃▂▂▁▁ | NPA / Assets (%) | 9.64% | 8.51% | 8.14% | 7.83% | 7.44% | 7.65% | 7.08% | 7.35% |
| █▆▇▆▅▅▁▁ | Net Charge-Off Ratio (%) | 10.18% | 9.07% | 9.13% | 8.67% | 8.04% | 8.14% | 6.06% | 5.77% |
| ▁▂▄▆████ | Tang. Book Value ($M) | $147 | $151 | $154 | $157 | $161 | $161 | $161 | $162 |
| ██▅▆▃▃▁▆ | Gross Loans ($M) | $528 | $531 | $519 | $522 | $514 | $512 | $506 | $524 |
| ▁▄██▅▃▅▂ | Total Deposits ($M) | $418 | $445 | $484 | $478 | $456 | $443 | $458 | $428 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |