Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.33% | -0.39 | 0.06% |
| Return on Equity (%) | ▼ | -2.79% | -3.45 | 0.66% |
| Net Interest Margin (%) | ▲ | 3.04% | +0.69 | 2.35% |
| Efficiency Ratio (%) | ▼ | 99.39% | +2.14 | 97.25% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 2.17% | -0.61 | 2.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $352 | +82.73 | $269 |
| Gross Loans ($M) | ▲ | $237 | +87.02 | $150 |
| Loan Growth YoY (%) | ▲ | 75.56% | +14.16 | 61.40% |
| Total Deposits ($M) | ▲ | $311 | +68.14 | $243 |
| Shareholders Equity ($M) | ▲ | $39 | +13.41 | $26 |
| Tang. Book Value ($M) | ▲ | $39 | +13.41 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +11.69 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 75.56% | +14.16 | 61.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Allowance / Loans (%) | — | 1.04% | 0.18% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.09 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.74% | -1.30 | 16.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▃▄██ | Net Interest Margin (%) | 1.98% | 2.06% | 2.32% | 2.35% | 2.35% | 2.51% | 3.11% | 3.04% |
| ▁▁███▆▇▆ | Return on Assets (%) | -1.05% | -0.94% | 0.02% | 0.06% | -0.05% | -0.32% | -0.15% | -0.33% |
| █▇▁▁▁▃▁▁ | Efficiency Ratio (%) | 142.3% | 132.3% | 95.7% | 97.2% | 97.7% | 110.7% | 99.9% | 99.4% |
| █▇▅▅▄▃▁▁ | Cost of Funds (%) | 3.24% | 3.09% | 2.79% | 2.78% | 2.58% | 2.52% | 2.24% | 2.17% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
| ▂▁▁▂▂▆▆█ | Tang. Book Value ($M) | $27 | $24 | $25 | $26 | $27 | $34 | $35 | $39 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $112 | $138 | $143 | $150 | $160 | $187 | $207 | $237 |
| ▁▁▂▂▅▃▃█ | Total Deposits ($M) | $230 | $236 | $248 | $243 | $279 | $252 | $251 | $311 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 12% |