Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -5.11% | +0.07 | -5.18% |
| Return on Equity (%) | ▲ | -55.33% | +44.90 | -100.23% |
| Net Interest Margin (%) | ▲ | 2.39% | +0.63 | 1.76% |
| Efficiency Ratio (%) | ▲ | 260.32% | -31.95 | 292.27% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.03 | $-2 |
| Cost of Funds (%) | ▲ | 2.70% | -0.95 | 3.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +9.40 | $188 |
| Gross Loans ($M) | ▲ | $125 | +11.13 | $114 |
| Loan Growth YoY (%) | ▲ | 71.88% | +6.97 | 64.91% |
| Total Deposits ($M) | ▼ | $171 | -2.74 | $173 |
| Shareholders Equity ($M) | ▲ | $25 | +16.35 | $9 |
| Tang. Book Value ($M) | ▲ | $25 | +16.35 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +16.22 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 71.88% | +6.97 | 64.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.75% | +0.04 | 0.71% |
| Allowance / Loans (%) | — | 1.76% | 0.73% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +1.17 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.91% | +9.48 | 10.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▂▂▃▅▅ | Net Interest Margin (%) | 2.97% | 2.67% | 1.59% | 1.76% | 1.88% | 1.97% | 2.33% | 2.39% |
| ██▁▃▄▅▃▃ | Return on Assets (%) | -1.37% | -2.04% | -6.91% | -5.18% | -4.48% | -4.10% | -5.25% | -5.11% |
| ▁▁█▇▆▄▇▅ | Efficiency Ratio (%) | 145.0% | 166.4% | 329.5% | 292.3% | 265.3% | 236.3% | 302.5% | 260.3% |
| ▇▆█▇▆▇▁▁ | Cost of Funds (%) | 3.59% | 3.54% | 3.86% | 3.64% | 3.52% | 3.61% | 2.77% | 2.70% |
| ▁█▄▄▄▁▁▅ | NPA / Assets (%) | 0.15% | 1.45% | 0.67% | 0.71% | 0.72% | 0.00% | 0.00% | 0.75% |
| ▁█▁▁▁▁▁▄ | Net Charge-Off Ratio (%) | 0.27% | 2.76% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 1.18% |
| ▅▃▂▁▁▁▅█ | Tang. Book Value ($M) | $17 | $13 | $10 | $9 | $8 | $7 | $18 | $25 |
| ▇▅▄▃▃▁▂█ | Gross Loans ($M) | $121 | $117 | $115 | $114 | $112 | $108 | $111 | $125 |
| ▆█▅▄▃▁▂▃ | Total Deposits ($M) | $191 | $203 | $183 | $173 | $172 | $154 | $166 | $171 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 44% |