Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.30% | -2.49 | 1.19% |
| Return on Equity (%) | ▼ | -9.89% | -18.38 | 8.49% |
| Net Interest Margin (%) | ▼ | 4.39% | -0.45 | 4.84% |
| Efficiency Ratio (%) | ▼ | 69.19% | +5.16 | 64.04% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 2.36% | -0.27 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $290 | +6.18 | $284 |
| Gross Loans ($M) | ▲ | $224 | +16.78 | $207 |
| Loan Growth YoY (%) | ▲ | 90.14% | +3.52 | 86.62% |
| Total Deposits ($M) | ▲ | $245 | +9.57 | $235 |
| Shareholders Equity ($M) | ▼ | $38 | -0.26 | $38 |
| Tang. Book Value ($M) | ▼ | $37 | -0.27 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 90.14% | +3.52 | 86.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.15 | 0.15% |
| Allowance / Loans (%) | — | 1.42% | -0.18% | 1.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▄▅▄▁▂ | Net Interest Margin (%) | 5.65% | 5.61% | 4.79% | 4.84% | 4.88% | 4.85% | 4.09% | 4.39% |
| ██▇▇▇▇▁▁ | Return on Assets (%) | 1.82% | 1.73% | 1.08% | 1.19% | 1.25% | 1.16% | -1.62% | -1.30% |
| ▁▁▄▄▃▅█▆ | Efficiency Ratio (%) | 56.3% | 57.8% | 64.8% | 64.0% | 63.2% | 66.9% | 76.4% | 69.2% |
| ▆█▁▆▅▂▂▂ | Cost of Funds (%) | 2.63% | 2.78% | 2.29% | 2.63% | 2.56% | 2.38% | 2.40% | 2.36% |
| ▁▂▂▂▁▁█▁ | NPA / Assets (%) | 0.08% | 0.22% | 0.18% | 0.15% | 0.08% | 0.07% | 1.12% | 0.00% |
| ▁▁▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.00% | 0.18% | 0.14% | 0.11% | 0.10% | 0.10% | 1.48% | 0.00% |
| ▁▂▄▄▇█▅▃ | Tang. Book Value ($M) | $36 | $37 | $38 | $38 | $39 | $39 | $38 | $37 |
| ▁▃▅▅▇▇▇█ | Gross Loans ($M) | $180 | $193 | $202 | $207 | $218 | $215 | $217 | $224 |
| ▁▁▄▆▆█▇█ | Total Deposits ($M) | $210 | $208 | $226 | $235 | $235 | $246 | $240 | $245 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 24% |