Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.03% | -0.18 | 0.15% |
| Return on Equity (%) | ▼ | -0.26% | -1.36 | 1.10% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.23 | 3.15% |
| Efficiency Ratio (%) | ▼ | 95.61% | +13.12 | 82.49% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.38 | $1 |
| Cost of Funds (%) | ▼ | 2.87% | +0.01 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +59.88 | $350 |
| Gross Loans ($M) | ▲ | $380 | +90.25 | $290 |
| Loan Growth YoY (%) | ▲ | 114.11% | +20.08 | 94.03% |
| Total Deposits ($M) | ▲ | $330 | +24.55 | $306 |
| Shareholders Equity ($M) | ▲ | $53 | +10.56 | $42 |
| Tang. Book Value ($M) | ▲ | $53 | +10.56 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 114.11% | +20.08 | 94.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 0.83% | 0.03% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.45% | -0.09 | 13.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▃▃▄▄▆ | Net Interest Margin (%) | 3.52% | 3.44% | 3.00% | 3.15% | 3.17% | 3.24% | 3.24% | 3.38% |
| ▇█▁▆▆▇▁▂ | Return on Assets (%) | 0.20% | 0.26% | -0.12% | 0.15% | 0.15% | 0.18% | -0.11% | -0.03% |
| ▃▂▄▂▁▁██ | Efficiency Ratio (%) | 86.3% | 83.8% | 88.5% | 82.5% | 80.0% | 80.8% | 97.6% | 95.6% |
| ▆█▆▃▃▁▁▃ | Cost of Funds (%) | 3.09% | 3.31% | 3.12% | 2.85% | 2.88% | 2.70% | 2.76% | 2.87% |
| ▁▁▁▁▁▁█▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% | 0.02% |
| ▁▁▁▁▁▁█▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.03% |
| ▁▁▁▁████ | Tang. Book Value ($M) | $42 | $42 | $42 | $42 | $53 | $53 | $53 | $53 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $231 | $253 | $262 | $290 | $331 | $354 | $381 | $380 |
| ▁▂▄▆▇▆██ | Total Deposits ($M) | $221 | $241 | $271 | $306 | $316 | $303 | $343 | $330 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 16% |