Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.15 | 0.90% |
| Return on Equity (%) | ▼ | 18.33% | -8.70 | 27.03% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.53 | 2.72% |
| Efficiency Ratio (%) | ▲ | 69.40% | -0.38 | 69.78% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.02 | $0 |
| Cost of Funds (%) | ▲ | 1.00% | -0.18 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $133 | -26.65 | $160 |
| Gross Loans ($M) | ▲ | $54 | +1.98 | $52 |
| Loan Growth YoY (%) | ▲ | 43.10% | +9.54 | 33.56% |
| Total Deposits ($M) | ▼ | $125 | -29.70 | $155 |
| Shareholders Equity ($M) | ▲ | $8 | +3.00 | $5 |
| Tang. Book Value ($M) | ▲ | $8 | +3.04 | $5 |
| TBV excl. AOCI ($M)** | ▲ | $11 | +2.40 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 43.10% | +9.54 | 33.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.24% | 0.02% | 0.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.14% | +3.79 | 21.35% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▇██ | Net Interest Margin (%) | 2.35% | 2.42% | 2.75% | 2.72% | 2.90% | 3.03% | 3.24% | 3.25% |
| ▂▁▂▂▆▇█▆ | Return on Assets (%) | 0.88% | 0.82% | 0.89% | 0.90% | 1.05% | 1.10% | 1.14% | 1.05% |
| ▅▇█▇▁▁▁▆ | Efficiency Ratio (%) | 68.4% | 69.7% | 70.9% | 69.8% | 66.5% | 65.9% | 65.9% | 69.4% |
| █▅▅▂▄▂▁▁ | Cost of Funds (%) | 1.83% | 1.46% | 1.42% | 1.18% | 1.33% | 1.13% | 0.99% | 1.00% |
| ▁▃▂▂▅█▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.00% | 0.00% |
| ▁▃▂▂▅█▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.01% | 0.01% | 0.03% | 0.05% | 0.00% | 0.00% |
| ▄▁▁▁▆▇██ | Tang. Book Value ($M) | $6 | $5 | $5 | $5 | $7 | $8 | $8 | $8 |
| ▁▁▇▇▅▇██ | Gross Loans ($M) | $41 | $40 | $51 | $52 | $48 | $51 | $53 | $54 |
| ▂▄▃█▃▃▁▁ | Total Deposits ($M) | $130 | $137 | $133 | $155 | $133 | $135 | $128 | $125 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 57% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 72% |