Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -6.32% | -6.14 | -0.18% |
| Return on Equity (%) | ▼ | -79.98% | -77.98 | -2.00% |
| Net Interest Margin (%) | ▼ | 3.52% | -0.46 | 3.99% |
| Efficiency Ratio (%) | ▼ | 246.13% | +169.65 | 76.48% |
| Pre-Provision Profit ($M) | ▼ | $-15 | -20.77 | $6 |
| Cost of Funds (%) | ▲ | 2.41% | -0.58 | 2.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,136 | -207.63 | $1,344 |
| Gross Loans ($M) | ▼ | $886 | -239.55 | $1,126 |
| Loan Growth YoY (%) | ▼ | 84.00% | -11.20 | 95.20% |
| Total Deposits ($M) | ▼ | $1,001 | -163.23 | $1,165 |
| Shareholders Equity ($M) | ▼ | $112 | -2.14 | $114 |
| Tang. Book Value ($M) | ▲ | $102 | +3.93 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +3.81 | $100 |
| Loan / Deposit Ratio (%) | ▼ | 84.00% | -11.20 | 95.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.71% | -0.08 | 1.79% |
| Allowance / Loans (%) | — | 5.09% | 3.57% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 2.13% | +0.04 | 2.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.89% | +1.91 | 9.98% |
Noninterest income ($-6.84M) 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 (%) | 3.48% | 3.55% | 3.81% | 3.99% | 3.91% | 3.84% | 3.41% | 3.52% |
| ██▇▇▅▅▅▁ | Return on Assets (%) | 0.37% | 1.10% | -0.05% | -0.18% | -2.01% | -1.78% | -1.84% | -6.32% |
| ▁▁▁▁▂▂▄█ | Efficiency Ratio (%) | 77.6% | 67.1% | 79.0% | 76.5% | 108.6% | 109.0% | 141.1% | 246.1% |
| █▆▄▄▄▄▂▁ | Cost of Funds (%) | 3.82% | 3.41% | 2.97% | 2.99% | 3.06% | 2.99% | 2.65% | 2.41% |
| ▁▂█▅▇█▇▄ | NPA / Assets (%) | 1.37% | 1.49% | 2.08% | 1.79% | 1.97% | 2.03% | 1.96% | 1.71% |
| ▁▂▇▄▆█▇▄ | Net Charge-Off Ratio (%) | 1.63% | 1.79% | 2.46% | 2.10% | 2.39% | 2.69% | 2.47% | 2.13% |
| ▆██▇▂▂▁█ | Tang. Book Value ($M) | $93 | $101 | $100 | $98 | $80 | $77 | $73 | $102 |
| ▆▇▇█▇▃▂▁ | Gross Loans ($M) | $1,043 | $1,067 | $1,085 | $1,126 | $1,093 | $961 | $928 | $886 |
| ▅▇▆███▄▁ | Total Deposits ($M) | $1,113 | $1,144 | $1,129 | $1,165 | $1,172 | $1,185 | $1,086 | $1,001 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 22% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 20% |