Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -2.01% | +2.72 | -4.74% |
| Return on Equity (%) | ▲ | -21.56% | +11.38 | -32.94% |
| Net Interest Margin (%) | ▼ | 4.16% | -0.47 | 4.64% |
| Efficiency Ratio (%) | ▲ | 142.44% | -49.05 | 191.50% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.48 | $-1 |
| Cost of Funds (%) | ▲ | 2.63% | -0.02 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $113 | +22.11 | $91 |
| Gross Loans ($M) | ▲ | $77 | +5.87 | $71 |
| Loan Growth YoY (%) | ▼ | 74.74% | -21.91 | 96.65% |
| Total Deposits ($M) | ▲ | $102 | +28.87 | $73 |
| Shareholders Equity ($M) | ▼ | $10 | -2.75 | $13 |
| Tang. Book Value ($M) | ▼ | $10 | -2.75 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 74.74% | -21.91 | 96.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.10% | +0.25 | 0.85% |
| Allowance / Loans (%) | — | 1.38% | 0.20% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 1.61% | +0.52 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▄▄▁▃ | Net Interest Margin (%) | 4.95% | 5.02% | 4.94% | 4.64% | 4.35% | 4.30% | 3.80% | 4.16% |
| ▁▂▃▃▅▅▇█ | Return on Assets (%) | -6.07% | -5.06% | -4.72% | -4.74% | -3.95% | -3.88% | -2.80% | -2.01% |
| █▅▇▆▅▅▄▁ | Efficiency Ratio (%) | 212.5% | 181.1% | 202.6% | 191.5% | 179.4% | 178.7% | 175.0% | 142.4% |
| ▁▁▄▄▅█▄▄ | Cost of Funds (%) | 2.35% | 2.40% | 2.65% | 2.65% | 2.73% | 3.09% | 2.70% | 2.63% |
| ▆▅▄▃▁▁█▆ | NPA / Assets (%) | 1.04% | 0.97% | 0.96% | 0.85% | 0.62% | 0.63% | 1.30% | 1.10% |
| ▅▃▃▂▁▁█▆ | Net Charge-Off Ratio (%) | 1.41% | 1.16% | 1.14% | 1.09% | 0.93% | 0.86% | 1.87% | 1.61% |
| ▇▆▃█▆▄▂▁ | Tang. Book Value ($M) | $12 | $12 | $11 | $13 | $12 | $11 | $10 | $10 |
| ▁▄▄▇▇███ | Gross Loans ($M) | $51 | $62 | $63 | $71 | $73 | $76 | $77 | $77 |
| ▁▁▁▃▇▆██ | Total Deposits ($M) | $55 | $57 | $58 | $73 | $94 | $88 | $100 | $102 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 34% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 22% |
| Brokered / Other | 48% |