Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.11 | 0.93% |
| Return on Equity (%) | ▼ | 43.88% | -112.88 | 156.76% |
| Net Interest Margin (%) | ▲ | 2.83% | +0.10 | 2.73% |
| Efficiency Ratio (%) | ▲ | 65.13% | -3.74 | 68.87% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.11 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $342 | +18.98 | $323 |
| Gross Loans ($M) | ▼ | $82 | -0.02 | $82 |
| Loan Growth YoY (%) | ▼ | 25.10% | -0.99 | 26.08% |
| Total Deposits ($M) | ▲ | $324 | +12.52 | $311 |
| Shareholders Equity ($M) | ▲ | $9 | +5.90 | $3 |
| Tang. Book Value ($M) | ▲ | $9 | +5.90 | $3 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +7.04 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 25.10% | -0.99 | 26.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.02 | 0.11% |
| Allowance / Loans (%) | — | 1.36% | -0.12% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.09 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 2.62% | 2.61% | 2.72% | 2.73% | 2.75% | 2.75% | 2.85% | 2.83% |
| ▁▁▄▅▄▅▁█ | Return on Assets (%) | 0.78% | 0.79% | 0.91% | 0.93% | 0.90% | 0.92% | 0.80% | 1.04% |
| █▇▃▄▄▅▅▁ | Efficiency Ratio (%) | 73.8% | 72.4% | 68.1% | 68.9% | 69.2% | 69.6% | 70.4% | 65.1% |
| ▇██▇▇▂▁▂ | Cost of Funds (%) | 1.95% | 1.98% | 1.97% | 1.94% | 1.94% | 1.84% | 1.80% | 1.83% |
| ▇▆▃▃█▁▃▃ | NPA / Assets (%) | 0.28% | 0.26% | 0.11% | 0.11% | 0.35% | 0.00% | 0.09% | 0.12% |
| ▅▅▂▃█▁▃▃ | Net Charge-Off Ratio (%) | 0.79% | 0.77% | 0.19% | 0.42% | 1.37% | 0.02% | 0.40% | 0.51% |
| █▁▄▄██▇█ | Tang. Book Value ($M) | $9 | $-1 | $3 | $3 | $8 | $9 | $7 | $9 |
| ▁▂▆▇█▇▅▇ | Gross Loans ($M) | $76 | $77 | $81 | $82 | $83 | $82 | $80 | $82 |
| ▁▄▅▆▅███ | Total Deposits ($M) | $280 | $303 | $310 | $311 | $309 | $328 | $327 | $324 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 78% |