Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -1.03% | +0.58 | -1.62% |
| Return on Equity (%) | ▲ | -9.55% | +3.54 | -13.09% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.34 | 3.91% |
| Efficiency Ratio (%) | ▲ | 108.16% | -16.84 | 125.00% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.11 | $-0 |
| Cost of Funds (%) | ▲ | 2.72% | -0.19 | 2.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $196 | +57.44 | $138 |
| Gross Loans ($M) | ▲ | $164 | +67.47 | $96 |
| Loan Growth YoY (%) | ▲ | 103.45% | +21.17 | 82.29% |
| Total Deposits ($M) | ▲ | $155 | +39.42 | $116 |
| Shareholders Equity ($M) | ▲ | $20 | +3.93 | $16 |
| Tang. Book Value ($M) | ▲ | $19 | +3.68 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 103.45% | +21.17 | 82.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.10% | +2.56 | 0.54% |
| Allowance / Loans (%) | — | 1.89% | 0.97% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 3.71% | +2.93 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▂▁▇█▅▆ | Net Interest Margin (%) | 3.96% | 4.19% | 4.00% | 3.91% | 4.30% | 4.40% | 4.16% | 4.24% |
| ▁▂▃▅█▇▅▅ | Return on Assets (%) | -6.75% | -5.03% | -3.21% | -1.62% | 3.43% | 1.90% | -1.00% | -1.03% |
| █▆▅▃▁▁▃▃ | Efficiency Ratio (%) | 240.2% | 186.2% | 169.8% | 125.0% | 57.8% | 66.0% | 111.6% | 108.2% |
| █▁█▇▇▃▄▅ | Cost of Funds (%) | 2.96% | 2.40% | 3.01% | 2.91% | 2.88% | 2.60% | 2.64% | 2.72% |
| ▂▂▁▁█▄▄▅ | NPA / Assets (%) | 1.60% | 1.34% | 0.62% | 0.54% | 5.18% | 2.46% | 2.40% | 3.10% |
| ▂▂▁▁█▃▃▄ | Net Charge-Off Ratio (%) | 2.28% | 1.73% | 0.81% | 0.78% | 7.83% | 3.17% | 2.99% | 3.71% |
| ▃▂▁▃██▇▇ | Tang. Book Value ($M) | $16 | $15 | $14 | $16 | $20 | $20 | $19 | $19 |
| ▁▂▃▃▃▆▇█ | Gross Loans ($M) | $66 | $86 | $92 | $96 | $103 | $138 | $151 | $164 |
| ▁▁▂▄▆▆▇█ | Total Deposits ($M) | $77 | $84 | $93 | $116 | $128 | $134 | $142 | $155 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 22% |