Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.96% | -1.66 | -0.30% |
| Return on Equity (%) | ▼ | -16.32% | -13.91 | -2.41% |
| Net Interest Margin (%) | ▲ | 2.27% | +0.05 | 2.22% |
| Efficiency Ratio (%) | ▼ | 159.07% | +58.55 | 100.52% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -2.24 | $1 |
| Cost of Funds (%) | ▲ | 2.21% | -0.20 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $505 | +6.81 | $498 |
| Gross Loans ($M) | ▲ | $325 | +27.25 | $297 |
| Loan Growth YoY (%) | ▲ | 83.31% | +5.85 | 77.46% |
| Total Deposits ($M) | ▲ | $386 | +9.01 | $377 |
| Shareholders Equity ($M) | ▼ | $59 | -5.89 | $65 |
| Tang. Book Value ($M) | ▼ | $59 | -5.89 | $65 |
| TBV excl. AOCI ($M)** | ▼ | $62 | -6.09 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 83.31% | +5.85 | 77.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -1.37 | 1.37% |
| Allowance / Loans (%) | — | 0.87% | -0.86% | 1.73% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -2.30 | 2.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.11% | -3.88 | 20.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▂▂▂▂▃ | Net Interest Margin (%) | 3.06% | 2.92% | 1.95% | 2.22% | 2.12% | 2.10% | 2.16% | 2.27% |
| █▄▅▇▅▅▁▁ | Return on Assets (%) | 0.09% | -0.94% | -0.89% | -0.30% | -0.72% | -0.90% | -1.95% | -1.96% |
| ▁▃▃▁▂▃██ | Efficiency Ratio (%) | 99.8% | 123.4% | 116.7% | 100.5% | 114.6% | 120.4% | 166.9% | 159.1% |
| ▇█▅▃▄▃▄▁ | Cost of Funds (%) | 2.80% | 2.98% | 2.60% | 2.41% | 2.54% | 2.41% | 2.50% | 2.21% |
| █▃▅▃▃▁▁▁ | NPA / Assets (%) | 3.77% | 1.24% | 2.17% | 1.37% | 1.38% | 0.31% | 0.34% | 0.00% |
| █▃▅▃▃▁▁▁ | Net Charge-Off Ratio (%) | 6.53% | 2.21% | 3.48% | 2.30% | 2.41% | 0.55% | 0.53% | 0.00% |
| █▄▄▄▄▃▁▁ | Tang. Book Value ($M) | $71 | $63 | $64 | $65 | $63 | $62 | $59 | $59 |
| ▇▅▅▃▁▂▅█ | Gross Loans ($M) | $318 | $309 | $305 | $297 | $284 | $293 | $305 | $325 |
| █▆▁▂▁▅▁▄ | Total Deposits ($M) | $421 | $407 | $368 | $377 | $367 | $397 | $365 | $386 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 2% |