Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.65% | -2.22 | 1.57% |
| Return on Equity (%) | ▼ | -6.07% | -21.39 | 15.32% |
| Net Interest Margin (%) | ▼ | 4.23% | -0.34 | 4.57% |
| Efficiency Ratio (%) | ▼ | 107.17% | +25.99 | 81.18% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -4.66 | $4 |
| Cost of Funds (%) | ▼ | 0.87% | +0.12 | 0.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $827 | +14.21 | $813 |
| Gross Loans ($M) | ▲ | $398 | +71.29 | $327 |
| Loan Growth YoY (%) | ▲ | 55.11% | +9.69 | 45.42% |
| Total Deposits ($M) | ▲ | $715 | +2.77 | $712 |
| Shareholders Equity ($M) | ▲ | $90 | +1.43 | $89 |
| Tang. Book Value ($M) | ▲ | $90 | +1.43 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +3.44 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 55.11% | +9.69 | 45.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.09 | 0.29% |
| Allowance / Loans (%) | — | 1.02% | 0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.30 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.14% | -5.42 | 24.56% |
Noninterest income ($12.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄███▇▁▃ | Net Interest Margin (%) | 4.26% | 4.32% | 4.62% | 4.57% | 4.60% | 4.49% | 4.07% | 4.23% |
| ██▆▆▆▅▁▁ | Return on Assets (%) | 2.94% | 2.62% | 1.71% | 1.57% | 1.53% | 1.29% | -1.10% | -0.65% |
| ▁▁▄▄▄▄██ | Efficiency Ratio (%) | 59.0% | 62.9% | 83.6% | 81.2% | 80.2% | 82.9% | 112.0% | 107.2% |
| █▄▁▃▅▂▃▅ | Cost of Funds (%) | 1.10% | 0.82% | 0.58% | 0.75% | 0.88% | 0.68% | 0.72% | 0.87% |
| █▅█▇▆▆▁▁ | NPA / Assets (%) | 0.30% | 0.27% | 0.31% | 0.29% | 0.28% | 0.28% | 0.20% | 0.20% |
| ███▇▆▆▁▁ | Net Charge-Off Ratio (%) | 0.81% | 0.77% | 0.79% | 0.73% | 0.69% | 0.67% | 0.43% | 0.43% |
| ▁▂▄▆██▇▇ | Tang. Book Value ($M) | $79 | $82 | $86 | $89 | $92 | $94 | $91 | $90 |
| ▁▁▁▂▄▅██ | Gross Loans ($M) | $306 | $308 | $314 | $327 | $347 | $354 | $390 | $398 |
| ▃█▁▂▅▅▄▂ | Total Deposits ($M) | $732 | $799 | $699 | $712 | $752 | $753 | $738 | $715 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 58% |
| Interest-Bearing (core) | 42% |