Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.07% | +2.64 | -2.71% |
| Return on Equity (%) | ▲ | -0.74% | +17.37 | -18.11% |
| Net Interest Margin (%) | ▼ | 4.56% | -0.15 | 4.71% |
| Efficiency Ratio (%) | ▲ | 95.06% | -61.80 | 156.86% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.53 | $-0 |
| Cost of Funds (%) | ▲ | 2.48% | -0.12 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $107 | +38.33 | $68 |
| Gross Loans ($M) | ▲ | $96 | +35.63 | $61 |
| Loan Growth YoY (%) | ▲ | 106.02% | +4.13 | 101.89% |
| Total Deposits ($M) | ▲ | $90 | +31.06 | $59 |
| Shareholders Equity ($M) | ▲ | $13 | +5.00 | $8 |
| Tang. Book Value ($M) | ▲ | $13 | +5.00 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 106.02% | +4.13 | 101.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.32 | 0.38% |
| Allowance / Loans (%) | — | 1.16% | -0.21% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.36 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.67% | +1.51 | 13.16% |
Noninterest income ($0.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇██▆▄▅ | Net Interest Margin (%) | 4.32% | 4.40% | 4.70% | 4.71% | 4.75% | 4.60% | 4.53% | 4.56% |
| ▁▁▄▅▆▆██ | Return on Assets (%) | -5.36% | -6.04% | -3.52% | -2.71% | -2.26% | -2.06% | -0.62% | -0.07% |
| ██▆▄▄▃▁▁ | Efficiency Ratio (%) | 218.7% | 222.3% | 178.1% | 156.9% | 147.6% | 137.1% | 106.9% | 95.1% |
| ▆▁▇▆▄▄█▅ | Cost of Funds (%) | 2.60% | 2.11% | 2.68% | 2.60% | 2.44% | 2.45% | 2.81% | 2.48% |
| ▁▁▁█▇▆▂▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.38% | 0.33% | 0.25% | 0.06% | 0.06% |
| ▁▁▁██▆▂▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.43% | 0.38% | 0.30% | 0.07% | 0.07% |
| ▃▂▂▁▁▁▁█ | Tang. Book Value ($M) | $10 | $9 | $9 | $8 | $8 | $8 | $8 | $13 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $35 | $45 | $52 | $61 | $68 | $88 | $93 | $96 |
| ▁▁▁▄▅███ | Total Deposits ($M) | $31 | $37 | $39 | $59 | $70 | $94 | $94 | $90 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 49% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 91% |
| Brokered / Other | 6% |