Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.38% | -0.34 | -0.05% |
| Return on Equity (%) | ▼ | -1.97% | -1.24 | -0.73% |
| Net Interest Margin (%) | ▲ | 3.71% | +1.02 | 2.68% |
| Efficiency Ratio (%) | ▼ | 112.34% | +13.55 | 98.79% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.35 | $0 |
| Cost of Funds (%) | ▲ | 1.36% | -0.95 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $120 | +11.88 | $108 |
| Gross Loans ($M) | ▲ | $82 | +6.94 | $75 |
| Loan Growth YoY (%) | ▲ | 84.10% | +10.37 | 73.73% |
| Total Deposits ($M) | ▼ | $96 | -3.92 | $100 |
| Shareholders Equity ($M) | ▲ | $23 | +15.67 | $7 |
| Tang. Book Value ($M) | ▲ | $23 | +15.67 | $7 |
| Loan / Deposit Ratio (%) | ▲ | 84.10% | +10.37 | 73.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.91% | +0.61 | 1.30% |
| Allowance / Loans (%) | — | 1.41% | -0.28% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 2.78% | +0.91 | 1.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -15.03 | 15.03% |
Noninterest income ($0.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄██ | Net Interest Margin (%) | 2.23% | 2.27% | 2.33% | 2.68% | 2.77% | 2.95% | 3.58% | 3.71% |
| █▇▁█▆▇▆▂ | Return on Assets (%) | -0.08% | -0.10% | -0.48% | -0.05% | -0.18% | -0.13% | -0.19% | -0.38% |
| ▂▃▇▁▃▃▅█ | Efficiency Ratio (%) | 101.5% | 102.5% | 109.7% | 98.8% | 103.3% | 102.5% | 107.1% | 112.3% |
| ██▇▆▄▂▂▁ | Cost of Funds (%) | 2.65% | 2.80% | 2.56% | 2.31% | 1.93% | 1.72% | 1.54% | 1.36% |
| ▁▃▁▁▆▇█▅ | NPA / Assets (%) | 1.14% | 1.51% | 1.16% | 1.30% | 2.11% | 2.24% | 2.54% | 1.91% |
| ▁▃▁▁▇██▅ | Net Charge-Off Ratio (%) | 1.69% | 2.24% | 1.68% | 1.86% | 3.22% | 3.36% | 3.56% | 2.78% |
| ▁▁▁▁████ | Tang. Book Value ($M) | $7 | $7 | $7 | $7 | $22 | $23 | $23 | $23 |
| ▅▄▂▁▁▁▄█ | Gross Loans ($M) | $79 | $78 | $76 | $75 | $75 | $76 | $78 | $82 |
| ██▆▅▃▂▁▃ | Total Deposits ($M) | $110 | $108 | $104 | $100 | $95 | $94 | $89 | $96 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |