Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.54% | +2.66 | -3.20% |
| Return on Equity (%) | ▲ | -10.95% | +16.88 | -27.83% |
| Net Interest Margin (%) | ▼ | 2.15% | -1.55 | 3.70% |
| Efficiency Ratio (%) | ▲ | -5.62% | -183.63 | 178.02% |
| Pre-Provision Profit ($M) | ▲ | $12 | +27.55 | $-16 |
| Cost of Funds (%) | ▼ | 2.40% | +0.88 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $736 | -194.91 | $931 |
| Gross Loans ($M) | ▼ | $479 | -133.95 | $613 |
| Loan Growth YoY (%) | ▼ | 66.91% | -6.72 | 73.62% |
| Total Deposits ($M) | ▼ | $686 | -118.73 | $805 |
| Shareholders Equity ($M) | ▼ | $39 | -62.08 | $101 |
| Tang. Book Value ($M) | ▼ | $39 | -62.05 | $101 |
| TBV excl. AOCI ($M)** | ▼ | $41 | -63.53 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 66.91% | -6.72 | 73.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 16.74% | +10.03 | 6.71% |
| Allowance / Loans (%) | — | 4.16% | 0.83% | 3.33% |
| Net Charge-Off Ratio (%) | ▼ | 25.73% | +15.54 | 10.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 7.83% | -7.61 | 15.44% |
Noninterest income ($1.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▇▆▅▂▁ | Net Interest Margin (%) | 4.01% | 4.03% | 3.84% | 3.70% | 3.55% | 3.24% | 2.41% | 2.15% |
| █▇█▅▂▁██ | Return on Assets (%) | 0.08% | -0.99% | -0.10% | -3.20% | -6.97% | -8.07% | 0.05% | -0.54% |
| ▄▄▄▇▇█▄▁ | Efficiency Ratio (%) | 99.3% | 96.8% | 99.6% | 178.0% | 181.7% | 233.0% | 111.6% | -5.6% |
| ▇▆▁▁▄▆▇█ | Cost of Funds (%) | 2.19% | 2.10% | 1.60% | 1.52% | 1.94% | 2.14% | 2.24% | 2.40% |
| ▁▁▁▄▅█▆█ | NPA / Assets (%) | 1.38% | 0.11% | 1.16% | 6.71% | 9.84% | 15.02% | 12.19% | 16.74% |
| ▁▁▁▄▅█▇█ | Net Charge-Off Ratio (%) | 2.35% | 0.17% | 1.77% | 10.19% | 15.39% | 24.29% | 20.56% | 25.73% |
| ███▇▃▁▁▁ | Tang. Book Value ($M) | $117 | $115 | $116 | $101 | $67 | $41 | $41 | $39 |
| ▇▇█▇▅▃▂▁ | Gross Loans ($M) | $620 | $629 | $656 | $613 | $581 | $541 | $510 | $479 |
| █▅▇▅▃▂▄▁ | Total Deposits ($M) | $919 | $828 | $870 | $805 | $755 | $733 | $790 | $686 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 6% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 32% |
| Brokered / Other | 27% |