Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.71% | -2.23 | 0.53% |
| Return on Equity (%) | ▼ | -22.09% | -29.28 | 7.19% |
| Net Interest Margin (%) | ▼ | 3.26% | -0.00 | 3.27% |
| Efficiency Ratio (%) | ▼ | 65.28% | +7.36 | 57.92% |
| Pre-Provision Profit ($M) | ▼ | $4 | -3.82 | $8 |
| Cost of Funds (%) | ▲ | 2.74% | -0.69 | 3.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,361 | -314.57 | $1,676 |
| Gross Loans ($M) | ▼ | $1,065 | -376.24 | $1,441 |
| Loan Growth YoY (%) | ▼ | 83.03% | -9.82 | 92.85% |
| Total Deposits ($M) | ▼ | $1,247 | -289.18 | $1,536 |
| Shareholders Equity ($M) | ▼ | $105 | -24.64 | $129 |
| Tang. Book Value ($M) | ▼ | $90 | -24.75 | $115 |
| TBV excl. AOCI ($M)** | ▼ | $93 | -25.31 | $118 |
| Loan / Deposit Ratio (%) | ▼ | 83.03% | -9.82 | 92.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.19% | +0.75 | 2.44% |
| Allowance / Loans (%) | — | 2.74% | 1.74% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 3.54% | +0.71 | 2.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 8.91% | +0.17 | 8.73% |
Noninterest income ($1.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▄▅▅▄▄ | Net Interest Margin (%) | 3.63% | 3.53% | 3.04% | 3.27% | 3.35% | 3.36% | 3.28% | 3.26% |
| █▄▇▇▇▄▅▁ | Return on Assets (%) | 1.05% | -0.46% | 0.50% | 0.53% | 0.53% | -0.54% | -0.26% | -1.71% |
| ▁▁▅▄▃▄▆█ | Efficiency Ratio (%) | 52.8% | 52.8% | 60.3% | 57.9% | 57.4% | 58.6% | 61.2% | 65.3% |
| ▇█▅▇▅▂▁▁ | Cost of Funds (%) | 3.50% | 3.64% | 3.26% | 3.43% | 3.18% | 2.86% | 2.70% | 2.74% |
| ▁▂▅▄█▅█▇ | NPA / Assets (%) | 1.23% | 1.82% | 2.63% | 2.44% | 3.71% | 2.71% | 3.49% | 3.19% |
| ▁▁▅▄█▆█▆ | Net Charge-Off Ratio (%) | 1.41% | 1.75% | 3.17% | 2.83% | 4.45% | 3.40% | 4.18% | 3.54% |
| █▄▅▅▆▃▂▁ | Tang. Book Value ($M) | $136 | $112 | $114 | $115 | $119 | $103 | $102 | $90 |
| ██▇▇▅▃▂▁ | Gross Loans ($M) | $1,545 | $1,497 | $1,485 | $1,441 | $1,327 | $1,200 | $1,134 | $1,065 |
| ███▆▅▄▂▁ | Total Deposits ($M) | $1,627 | $1,625 | $1,652 | $1,536 | $1,453 | $1,437 | $1,319 | $1,247 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 19% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 40% |