Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.24% | -0.74 | 0.50% |
| Return on Equity (%) | ▼ | -2.13% | -5.69 | 3.56% |
| Net Interest Margin (%) | ▲ | 3.60% | +1.39 | 2.22% |
| Efficiency Ratio (%) | ▼ | 107.35% | +20.87 | 86.48% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -3.90 | $3 |
| Cost of Funds (%) | ▼ | 1.44% | +0.38 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $340 | -140.95 | $481 |
| Gross Loans ($M) | ▼ | $261 | -40.93 | $302 |
| Loan Growth YoY (%) | ▲ | 88.09% | +18.76 | 69.33% |
| Total Deposits ($M) | ▼ | $292 | -137.20 | $430 |
| Shareholders Equity ($M) | ▼ | $43 | -0.40 | $44 |
| Tang. Book Value ($M) | ▼ | $41 | -0.06 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 88.09% | +18.76 | 69.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.08 | 0.12% |
| Allowance / Loans (%) | — | 1.23% | -0.06% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.14 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.12% | +2.17 | 15.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▃▁▄▅██ | Net Interest Margin (%) | 3.25% | 3.26% | 2.67% | 2.22% | 2.75% | 3.08% | 3.59% | 3.60% |
| ▁▁▁████▇ | Return on Assets (%) | -3.27% | -3.30% | -3.57% | 0.50% | 0.06% | 0.29% | 0.02% | -0.24% |
| ▇▇█▁▁▁▁▂ | Efficiency Ratio (%) | 196.9% | 198.4% | 227.0% | 86.5% | 93.3% | 93.0% | 99.8% | 107.3% |
| ▂▃▁▁█▄▂▃ | Cost of Funds (%) | 1.17% | 1.28% | 0.95% | 1.06% | 2.26% | 1.45% | 1.22% | 1.44% |
| ▁▁▁█▇▄▄▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.12% | 0.10% | 0.05% | 0.05% | 0.03% |
| ▁▁▁█▆▄▄▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.19% | 0.14% | 0.08% | 0.07% | 0.04% |
| █▅▁▂▁▃▂▂ | Tang. Book Value ($M) | $45 | $43 | $41 | $41 | $41 | $42 | $42 | $41 |
| ▁▁▁██▇▇▆ | Gross Loans ($M) | $142 | $138 | $138 | $302 | $298 | $272 | $265 | $261 |
| ▁▁▂█▇▇▇▅ | Total Deposits ($M) | $142 | $131 | $190 | $430 | $369 | $366 | $357 | $292 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 7% |