Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.64% | -0.48 | 1.12% |
| Return on Equity (%) | ▼ | 4.83% | -4.54 | 9.37% |
| Net Interest Margin (%) | ▲ | 5.10% | +0.12 | 4.98% |
| Efficiency Ratio (%) | ▼ | 80.68% | +2.19 | 78.49% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.22% | -0.23 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $207 | +12.45 | $194 |
| Gross Loans ($M) | ▲ | $136 | +3.78 | $132 |
| Loan Growth YoY (%) | ▼ | 75.98% | -0.78 | 76.76% |
| Total Deposits ($M) | ▲ | $176 | +6.76 | $169 |
| Shareholders Equity ($M) | ▲ | $27 | +3.70 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +3.18 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.34 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 75.98% | -0.78 | 76.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.88 | 0.96% |
| Allowance / Loans (%) | — | 1.34% | -0.07% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -1.29 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▁▁▂▂▃ | Net Interest Margin (%) | 5.40% | 5.42% | 4.96% | 4.98% | 5.00% | 5.03% | 5.03% | 5.10% |
| ▂▂▁▄▅█▂▂ | Return on Assets (%) | 0.84% | 0.81% | 0.39% | 1.12% | 1.46% | 2.27% | 0.67% | 0.64% |
| ▁▁█▄▃▄▆▅ | Efficiency Ratio (%) | 69.0% | 70.4% | 88.9% | 78.5% | 74.7% | 76.7% | 83.3% | 80.7% |
| █▇▅▅▄▃▁▂ | Cost of Funds (%) | 1.71% | 1.59% | 1.46% | 1.45% | 1.41% | 1.30% | 1.13% | 1.22% |
| ██▇▇▇▄▁▁ | NPA / Assets (%) | 1.18% | 1.12% | 1.03% | 0.96% | 0.98% | 0.52% | 0.01% | 0.08% |
| ███▇▇▄▁▁ | Net Charge-Off Ratio (%) | 1.61% | 1.52% | 1.46% | 1.41% | 1.39% | 0.77% | 0.02% | 0.12% |
| ▁▁▁▃▅███ | Tang. Book Value ($M) | $21 | $20 | $21 | $22 | $23 | $25 | $25 | $25 |
| ▁▂▃▆▇▅▂█ | Gross Loans ($M) | $125 | $126 | $128 | $132 | $134 | $131 | $127 | $136 |
| ▁▁▄▇▄▅▇█ | Total Deposits ($M) | $146 | $149 | $158 | $169 | $159 | $163 | $172 | $176 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 42% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 18% |