Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.44 | 0.21% |
| Return on Equity (%) | ▲ | 5.33% | +3.60 | 1.73% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.30 | 3.30% |
| Efficiency Ratio (%) | ▲ | 78.52% | -15.26 | 93.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $0 |
| Cost of Funds (%) | ▼ | 2.54% | +0.06 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $228 | +28.51 | $199 |
| Gross Loans ($M) | ▲ | $180 | +29.32 | $151 |
| Loan Growth YoY (%) | ▲ | 100.16% | +9.78 | 90.38% |
| Total Deposits ($M) | ▲ | $178 | +13.02 | $165 |
| Shareholders Equity ($M) | ▲ | $28 | +4.44 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +4.45 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 100.16% | +9.78 | 90.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.29 | 0.83% |
| Allowance / Loans (%) | — | 1.16% | -0.11% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.68% | -0.41 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂█▂▆ | Net Interest Margin (%) | 3.25% | 3.27% | 3.23% | 3.30% | 3.34% | 3.75% | 3.33% | 3.60% |
| ▁▁▃▃█▇▄▄ | Return on Assets (%) | -0.75% | -0.70% | 0.06% | 0.21% | 2.36% | 1.92% | 0.59% | 0.65% |
| ██▄▃▂▁▁▁ | Efficiency Ratio (%) | 120.6% | 119.2% | 98.4% | 93.8% | 88.5% | 81.3% | 79.6% | 78.5% |
| █▁▁▆▆▄▆█ | Cost of Funds (%) | 2.56% | 2.35% | 2.34% | 2.48% | 2.50% | 2.43% | 2.50% | 2.54% |
| ██▅▄▄▁▁▂ | NPA / Assets (%) | 1.48% | 1.40% | 0.87% | 0.83% | 0.77% | 0.32% | 0.26% | 0.54% |
| ██▄▄▄▁▁▂ | Net Charge-Off Ratio (%) | 2.03% | 1.89% | 1.15% | 1.10% | 1.03% | 0.44% | 0.34% | 0.68% |
| ▁▁▁▂▇▇██ | Tang. Book Value ($M) | $23 | $22 | $22 | $24 | $27 | $27 | $28 | $28 |
| ▁▁▄▄▅▆██ | Gross Loans ($M) | $124 | $130 | $145 | $151 | $156 | $163 | $177 | $180 |
| ▁▁▄▅▆██▇ | Total Deposits ($M) | $135 | $140 | $157 | $165 | $173 | $183 | $187 | $178 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |