Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.27% | +0.29 | -0.56% |
| Return on Equity (%) | ▲ | -2.51% | +2.05 | -4.56% |
| Net Interest Margin (%) | ▼ | 4.64% | -0.39 | 5.03% |
| Efficiency Ratio (%) | ▼ | 88.91% | +13.44 | 75.47% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.28 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $190 | -15.26 | $205 |
| Gross Loans ($M) | ▼ | $160 | -14.57 | $174 |
| Loan Growth YoY (%) | ▼ | 94.25% | -1.77 | 96.02% |
| Total Deposits ($M) | ▼ | $168 | -12.06 | $180 |
| Shareholders Equity ($M) | ▼ | $21 | -2.84 | $24 |
| Tang. Book Value ($M) | ▼ | $21 | -2.84 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 94.25% | -1.77 | 96.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 5.55% | -0.90 | 6.46% |
| Allowance / Loans (%) | — | 0.97% | 0.06% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 6.33% | -1.26 | 7.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▄▆▅▁▁ | Net Interest Margin (%) | 5.83% | 5.72% | 4.94% | 5.03% | 5.49% | 5.23% | 4.49% | 4.64% |
| ██▇▃▁▂▂▄ | Return on Assets (%) | 2.03% | 1.97% | 1.45% | -0.56% | -1.98% | -1.38% | -1.27% | -0.27% |
| ▁▁▂▃▁▃██ | Efficiency Ratio (%) | 68.3% | 68.9% | 73.3% | 75.5% | 70.5% | 74.7% | 91.1% | 88.9% |
| ▃█▇██▇▃▁ | Cost of Funds (%) | 1.80% | 2.00% | 1.95% | 2.00% | 2.01% | 1.96% | 1.83% | 1.72% |
| ▁▁▁▅█▄▃▃ | NPA / Assets (%) | 4.57% | 4.64% | 4.79% | 6.46% | 7.94% | 6.10% | 5.74% | 5.55% |
| ▁▁▁▆█▅▄▃ | Net Charge-Off Ratio (%) | 5.23% | 5.24% | 5.50% | 7.59% | 8.95% | 7.18% | 6.87% | 6.33% |
| ███▆▁▂▁▁ | Tang. Book Value ($M) | $25 | $25 | $25 | $24 | $21 | $21 | $20 | $21 |
| ▇████▅▁▁ | Gross Loans ($M) | $174 | $174 | $176 | $174 | $176 | $168 | $158 | $160 |
| ▄▃▆█▇▆▆▁ | Total Deposits ($M) | $173 | $171 | $176 | $180 | $177 | $176 | $176 | $168 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 24% |