Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 7.94% | -6.96 | 14.91% |
| Return on Equity (%) | ▼ | 19.26% | -29.79 | 49.05% |
| Net Interest Margin (%) | ▼ | 17.17% | -6.34 | 23.51% |
| Efficiency Ratio (%) | ▼ | 45.91% | +20.82 | 25.08% |
| Pre-Provision Profit ($M) | ▼ | $16 | -8.47 | $24 |
| Cost of Funds (%) | ▲ | 0.15% | -0.12 | 0.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $503 | -8.99 | $512 |
| Gross Loans ($M) | ▲ | $204 | +42.82 | $162 |
| Loan Growth YoY (%) | ▲ | 71.14% | +22.67 | 48.47% |
| Total Deposits ($M) | ▼ | $286 | -47.87 | $333 |
| Shareholders Equity ($M) | ▲ | $198 | +35.84 | $162 |
| Tang. Book Value ($M) | ▲ | $198 | +35.84 | $162 |
| Loan / Deposit Ratio (%) | ▲ | 71.14% | +22.67 | 48.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.62% | — | 0.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 90.01% | -4.31 | 94.32% |
Noninterest income ($4.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ████▆▆▁▃ | Net Interest Margin (%) | 23.41% | 23.12% | 23.70% | 23.51% | 20.92% | 20.82% | 14.92% | 17.17% |
| █▇██▆▆▁▂ | Return on Assets (%) | 15.05% | 14.31% | 15.41% | 14.91% | 12.95% | 12.66% | 6.68% | 7.94% |
| ▂▃▁▁▂▂█▇ | Efficiency Ratio (%) | 29.4% | 32.5% | 24.1% | 25.1% | 27.4% | 30.0% | 49.0% | 45.9% |
| █▄▃▃▂▁▁▁ | Cost of Funds (%) | 0.58% | 0.32% | 0.27% | 0.26% | 0.22% | 0.17% | 0.18% | 0.15% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▁▂▄▅▆███ | Tang. Book Value ($M) | $118 | $131 | $150 | $162 | $174 | $189 | $196 | $198 |
| ▄▅█▃▄▁▂▅ | Gross Loans ($M) | $193 | $207 | $275 | $162 | $186 | $121 | $155 | $204 |
| ▂▇███▅▁▅ | Total Deposits ($M) | $226 | $312 | $325 | $333 | $332 | $271 | $207 | $286 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 2% |
| Consumer | 98% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 93% |
| Interest-Bearing (core) | 7% |