Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.88% | +3.59 | -4.47% |
| Return on Equity (%) | ▲ | -8.55% | +28.93 | -37.48% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.83 | 3.56% |
| Efficiency Ratio (%) | ▲ | 118.37% | -81.50 | 199.86% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.73 | $-1 |
| Cost of Funds (%) | ▲ | 2.35% | -0.37 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $156 | -0.49 | $156 |
| Gross Loans ($M) | ▲ | $123 | +14.90 | $108 |
| Loan Growth YoY (%) | ▲ | 93.89% | +16.68 | 77.21% |
| Total Deposits ($M) | ▼ | $129 | -8.86 | $138 |
| Shareholders Equity ($M) | ▲ | $19 | +4.74 | $14 |
| Tang. Book Value ($M) | ▲ | $18 | +4.64 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 93.89% | +16.68 | 77.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.16 | 0.02% |
| Allowance / Loans (%) | — | 1.18% | 0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.20 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▃▁▂▄██ | Net Interest Margin (%) | 4.44% | 4.32% | 3.82% | 3.56% | 3.68% | 3.95% | 4.42% | 4.39% |
| ▁▂▅▆▆▇██ | Return on Assets (%) | -10.68% | -9.22% | -4.76% | -4.47% | -3.90% | -3.12% | -0.88% | -0.88% |
| █▇▄▄▃▂▁▁ | Efficiency Ratio (%) | 321.7% | 289.3% | 210.7% | 199.9% | 182.5% | 154.4% | 119.7% | 118.4% |
| ▁▄▆▆██▁▁ | Cost of Funds (%) | 2.34% | 2.60% | 2.72% | 2.73% | 2.93% | 2.94% | 2.40% | 2.35% |
| ▁▁▁▁▂▄█▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.02% | 0.03% | 0.09% | 0.22% | 0.17% |
| ▁▁▁▁▂▄█▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.02% | 0.04% | 0.12% | 0.27% | 0.22% |
| ▆▅▄▂▁▁▅█ | Tang. Book Value ($M) | $17 | $15 | $15 | $14 | $13 | $12 | $16 | $18 |
| ▁▂▃▇▇███ | Gross Loans ($M) | $49 | $67 | $76 | $108 | $112 | $118 | $127 | $123 |
| ▁▂▄██▇▇▇ | Total Deposits ($M) | $58 | $77 | $102 | $138 | $146 | $126 | $125 | $129 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 41% |
| C&I / Commercial | 46% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 2% |