Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.49% | +2.99 | -3.47% |
| Return on Equity (%) | ▲ | -3.29% | +7.97 | -11.26% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.12 | 2.78% |
| Efficiency Ratio (%) | ▲ | 105.83% | -106.67 | 212.50% |
| Pre-Provision Profit ($M) | ▲ | $0 | +2.09 | $-2 |
| Cost of Funds (%) | ▼ | 2.17% | +0.38 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $555 | +295.84 | $259 |
| Gross Loans ($M) | ▲ | $276 | +175.15 | $101 |
| Loan Growth YoY (%) | ▲ | 63.42% | +5.74 | 57.68% |
| Total Deposits ($M) | ▲ | $432 | +258.36 | $173 |
| Shareholders Equity ($M) | ▼ | $71 | -3.88 | $75 |
| Tang. Book Value ($M) | ▼ | $71 | -3.88 | $75 |
| TBV excl. AOCI ($M)** | ▼ | $75 | -2.07 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 63.42% | +5.74 | 57.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.84% | -0.14% | 0.98% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 24.87% | -34.89 | 59.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▂▂▂▁▂ | Net Interest Margin (%) | 4.04% | 3.75% | 2.59% | 2.78% | 2.83% | 2.86% | 2.74% | 2.90% |
| ▁▁▅▄▅▆██ | Return on Assets (%) | -6.44% | -5.74% | -2.88% | -3.47% | -3.25% | -2.50% | -0.82% | -0.49% |
| ██▇▆▅▄▁▁ | Efficiency Ratio (%) | 258.1% | 250.9% | 220.9% | 212.5% | 200.9% | 170.3% | 117.8% | 105.8% |
| █▄▄▁▃▂▄▃ | Cost of Funds (%) | 2.83% | 2.27% | 2.19% | 1.79% | 2.17% | 1.95% | 2.20% | 2.17% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆▅▄▂▂▁▁ | Tang. Book Value ($M) | $81 | $78 | $77 | $75 | $73 | $72 | $71 | $71 |
| ▁▁▁▂▄▅▆█ | Gross Loans ($M) | $44 | $50 | $46 | $101 | $150 | $186 | $212 | $276 |
| ▁▂▂▂▄▅▆█ | Total Deposits ($M) | $109 | $172 | $154 | $173 | $232 | $302 | $344 | $432 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 30% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 5% |