Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.33% | +6.74 | -7.07% |
| Return on Equity (%) | ▲ | -2.35% | +37.16 | -39.51% |
| Net Interest Margin (%) | ▲ | 4.61% | +1.84 | 2.78% |
| Efficiency Ratio (%) | ▲ | 94.23% | -73.73 | 167.96% |
| Pre-Provision Profit ($M) | ▲ | $1 | +4.16 | $-4 |
| Cost of Funds (%) | ▼ | 2.44% | +0.01 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $201 | +32.48 | $168 |
| Gross Loans ($M) | ▲ | $146 | +31.04 | $115 |
| Loan Growth YoY (%) | ▼ | 85.40% | -4.28 | 89.68% |
| Total Deposits ($M) | ▲ | $167 | +41.13 | $126 |
| Shareholders Equity ($M) | ▼ | $28 | -2.35 | $31 |
| Tang. Book Value ($M) | ▼ | $12 | -3.99 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 85.40% | -4.28 | 89.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.09% | -0.41 | 1.50% |
| Allowance / Loans (%) | — | 2.14% | 0.56% | 1.58% |
| Net Charge-Off Ratio (%) | ▲ | 1.49% | -0.41 | 1.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.24% | -3.53 | 13.77% |
Noninterest income ($4.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▁▅▆▇██ | Net Interest Margin (%) | 3.96% | 3.95% | 0.73% | 2.78% | 3.37% | 3.77% | 4.43% | 4.61% |
| ██▄▁▁▂▇█ | Return on Assets (%) | 0.40% | 0.35% | -4.04% | -7.07% | -6.27% | -5.89% | -0.80% | -0.33% |
| ▁▁██▇▆▁▁ | Efficiency Ratio (%) | 90.2% | 94.0% | 163.8% | 168.0% | 152.7% | 145.3% | 97.2% | 94.2% |
| ██▁▆▆▆▆▆ | Cost of Funds (%) | 3.18% | 3.16% | 0.51% | 2.44% | 2.25% | 2.40% | 2.44% | 2.44% |
| ▄▃██▆▁▅▅ | NPA / Assets (%) | 0.95% | 0.83% | 1.55% | 1.50% | 1.28% | 0.53% | 1.13% | 1.09% |
| ▂▁█▇▅▁▅▅ | Net Charge-Off Ratio (%) | 0.96% | 0.79% | 2.09% | 1.91% | 1.55% | 0.73% | 1.56% | 1.49% |
| ███▅▄▁▁▁ | Tang. Book Value ($M) | $20 | $20 | $20 | $16 | $15 | $13 | $13 | $12 |
| ▁▁▁▂▆▇██ | Gross Loans ($M) | $104 | $107 | $106 | $115 | $133 | $138 | $148 | $146 |
| ▁▁▁▁▅▄██ | Total Deposits ($M) | $123 | $123 | $125 | $126 | $146 | $144 | $163 | $167 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 44% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 24% |