Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -1.14% | +0.02 | -1.16% |
| Return on Equity (%) | ▲ | -5.88% | +0.42 | -6.30% |
| Net Interest Margin (%) | ▼ | 6.04% | -0.02 | 6.06% |
| Efficiency Ratio (%) | ▲ | 89.87% | -3.40 | 93.27% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.26 | $2 |
| Cost of Funds (%) | ▲ | 2.80% | -0.25 | 3.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $382 | +0.82 | $382 |
| Gross Loans ($M) | ▼ | $303 | -10.63 | $313 |
| Loan Growth YoY (%) | ▼ | 104.39% | -1.45 | 105.85% |
| Total Deposits ($M) | ▼ | $280 | -5.92 | $286 |
| Shareholders Equity ($M) | ▼ | $74 | -3.27 | $77 |
| Tang. Book Value ($M) | ▼ | $70 | -4.00 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 104.39% | -1.45 | 105.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.05 | 0.78% |
| Allowance / Loans (%) | — | 3.56% | 0.03% | 3.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.93% | -0.02 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.89% | -0.70 | 21.59% |
Noninterest income ($12.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▅▅▁▁▁▂▁ | Net Interest Margin (%) | 6.79% | 6.46% | 6.45% | 6.06% | 6.09% | 6.04% | 6.20% | 6.04% |
| ██▁▄▆▅▅▄ | Return on Assets (%) | -0.02% | 0.11% | -2.36% | -1.16% | -0.75% | -0.84% | -1.09% | -1.14% |
| ▁▁█▅▄▄▄▃ | Efficiency Ratio (%) | 84.6% | 84.8% | 99.7% | 93.3% | 90.3% | 91.3% | 91.1% | 89.9% |
| ▇█▆▃▃▁▁▁ | Cost of Funds (%) | 3.51% | 3.74% | 3.44% | 3.06% | 3.07% | 2.92% | 2.91% | 2.80% |
| ▅█▆▃▃▆█▁ | NPA / Assets (%) | 0.82% | 0.87% | 0.83% | 0.78% | 0.78% | 0.83% | 0.89% | 0.74% |
| ▁▃▁▁▂▅█▁ | Net Charge-Off Ratio (%) | 0.93% | 1.00% | 0.95% | 0.95% | 0.96% | 1.04% | 1.13% | 0.93% |
| ▂▂▁███▇▆ | Tang. Book Value ($M) | $62 | $63 | $60 | $74 | $74 | $73 | $71 | $70 |
| ▁█▄▄▂▄▁▁ | Gross Loans ($M) | $304 | $330 | $315 | $313 | $309 | $316 | $306 | $303 |
| ▁▇▃▅▅█▇▄ | Total Deposits ($M) | $264 | $296 | $277 | $286 | $286 | $303 | $295 | $280 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 39% |
| Consumer | 61% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 15% |
| Brokered / Other | 85% |