Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.70 | 1.33% |
| Return on Equity (%) | ▼ | 6.78% | -7.97 | 14.75% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.22 | 4.31% |
| Efficiency Ratio (%) | ▼ | 69.16% | +3.24 | 65.92% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.48 | $4 |
| Cost of Funds (%) | ▲ | 2.10% | -0.22 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $923 | +169.63 | $754 |
| Gross Loans ($M) | ▲ | $781 | +152.15 | $629 |
| Loan Growth YoY (%) | ▲ | 105.31% | +5.00 | 100.31% |
| Total Deposits ($M) | ▲ | $733 | +114.00 | $619 |
| Shareholders Equity ($M) | ▲ | $79 | +11.20 | $68 |
| Tang. Book Value ($M) | ▲ | $79 | +11.20 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +11.87 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 105.31% | +5.00 | 100.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +1.04 | 0.29% |
| Allowance / Loans (%) | — | 1.12% | -0.08% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.58% | +1.28 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂█▇▃▂ | Net Interest Margin (%) | 3.90% | 3.90% | 3.76% | 4.31% | 6.03% | 5.56% | 4.37% | 4.09% |
| ▁▁▄▄█▇▂▁ | Return on Assets (%) | 0.72% | 0.85% | 1.49% | 1.33% | 2.44% | 2.05% | 1.04% | 0.63% |
| ███▅▄▁▅▆ | Efficiency Ratio (%) | 76.8% | 75.6% | 75.8% | 65.9% | 63.0% | 54.1% | 65.5% | 69.2% |
| █▆▇▆▆▂▁▁ | Cost of Funds (%) | 2.46% | 2.32% | 2.36% | 2.32% | 2.31% | 2.12% | 2.05% | 2.10% |
| ▁▁▁▂▂▂▂█ | NPA / Assets (%) | 0.04% | 0.04% | 0.04% | 0.29% | 0.36% | 0.26% | 0.22% | 1.34% |
| ▁▁▁▂▂▂▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.31% | 0.39% | 0.27% | 0.27% | 1.58% |
| ▁▂▃▄████ | Tang. Book Value ($M) | $60 | $63 | $66 | $68 | $77 | $79 | $79 | $79 |
| ▁▁▂▂▂▄▅█ | Gross Loans ($M) | $581 | $586 | $611 | $629 | $620 | $673 | $703 | $781 |
| ▁▂▂▂▃▆▇█ | Total Deposits ($M) | $583 | $602 | $614 | $619 | $625 | $689 | $708 | $733 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 27% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 32% |