Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.55 | 1.18% |
| Return on Equity (%) | ▼ | 5.66% | -3.77 | 9.43% |
| Net Interest Margin (%) | ▼ | 3.44% | -0.49 | 3.94% |
| Efficiency Ratio (%) | ▼ | 78.27% | +10.20 | 68.07% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.01 | $2 |
| Cost of Funds (%) | ▲ | 2.35% | -0.10 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $552 | +95.48 | $456 |
| Gross Loans ($M) | ▲ | $458 | +45.43 | $412 |
| Loan Growth YoY (%) | ▼ | 110.74% | -12.26 | 122.99% |
| Total Deposits ($M) | ▲ | $408 | +77.40 | $331 |
| Shareholders Equity ($M) | ▲ | $60 | +1.68 | $58 |
| Tang. Book Value ($M) | ▲ | $52 | +2.62 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +5.09 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 110.74% | -12.26 | 122.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.43% | +0.97 | 2.46% |
| Allowance / Loans (%) | — | 1.19% | -0.06% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 4.14% | +1.45 | 2.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▅██▇▁▁ | Net Interest Margin (%) | 3.85% | 3.88% | 3.73% | 3.94% | 3.92% | 3.87% | 3.50% | 3.44% |
| ▄▄█▇▆▅▁▃ | Return on Assets (%) | 0.80% | 0.78% | 1.38% | 1.18% | 0.97% | 0.85% | 0.25% | 0.63% |
| ▆▆▁▂▄▄█▆ | Efficiency Ratio (%) | 77.8% | 76.6% | 63.3% | 68.1% | 71.4% | 72.6% | 83.7% | 78.3% |
| ▁█▅█▄▇█▄ | Cost of Funds (%) | 2.24% | 2.47% | 2.36% | 2.45% | 2.35% | 2.42% | 2.45% | 2.35% |
| ▆▂▁▄▇▆██ | NPA / Assets (%) | 2.93% | 1.97% | 1.61% | 2.46% | 3.08% | 2.95% | 3.53% | 3.43% |
| ▃▁▁▄▆▇██ | Net Charge-Off Ratio (%) | 2.33% | 1.48% | 1.20% | 2.69% | 3.39% | 3.54% | 4.31% | 4.14% |
| ▁▁▄▅▆▆▇█ | Tang. Book Value ($M) | $46 | $47 | $48 | $49 | $50 | $50 | $50 | $52 |
| ▁▂▁▃▅▄▅█ | Gross Loans ($M) | $394 | $402 | $393 | $412 | $426 | $425 | $430 | $458 |
| ▃▁▃▂▄▅▇█ | Total Deposits ($M) | $337 | $308 | $343 | $331 | $348 | $368 | $385 | $408 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 35% |