Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.01% | -0.44 | 0.43% |
| Return on Equity (%) | ▼ | -0.26% | -8.82 | 8.56% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.48 | 3.76% |
| Efficiency Ratio (%) | ▼ | 90.25% | +2.92 | 87.33% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 2.29% | -0.10 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $473 | +139.11 | $334 |
| Gross Loans ($M) | ▲ | $372 | +110.76 | $261 |
| Loan Growth YoY (%) | ▲ | 86.12% | +1.62 | 84.50% |
| Total Deposits ($M) | ▲ | $427 | +121.43 | $305 |
| Shareholders Equity ($M) | ▲ | $24 | +7.05 | $17 |
| Tang. Book Value ($M) | ▲ | $24 | +7.05 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +7.17 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 86.12% | +1.62 | 84.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.39% | +1.02 | 1.37% |
| Allowance / Loans (%) | — | 1.14% | -0.00% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 2.66% | +0.97 | 1.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.35% | -1.43 | 10.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.18% | 3.22% | 3.58% | 3.76% | 3.91% | 4.06% | 4.20% | 4.24% |
| ▃▃▃▃▃█▁▁ | Return on Assets (%) | 0.59% | 0.52% | 0.39% | 0.43% | 0.65% | 2.22% | -0.23% | -0.01% |
| ▆▆█▇▆▁██ | Efficiency Ratio (%) | 79.4% | 81.4% | 87.5% | 87.3% | 80.8% | 54.6% | 92.0% | 90.3% |
| ██▆█▆█▁▆ | Cost of Funds (%) | 2.40% | 2.37% | 2.29% | 2.39% | 2.27% | 2.35% | 2.04% | 2.29% |
| ▂▂▁▁▂█▇▆ | NPA / Assets (%) | 1.47% | 1.63% | 1.23% | 1.37% | 1.62% | 2.92% | 2.62% | 2.39% |
| ▃▃▁▁▁█▇▆ | Net Charge-Off Ratio (%) | 2.07% | 2.15% | 1.60% | 1.70% | 1.72% | 3.25% | 2.96% | 2.66% |
| ▁▁▂▂▄███ | Tang. Book Value ($M) | $15 | $16 | $17 | $17 | $19 | $24 | $23 | $24 |
| ▁▁▂▂▃▅▇█ | Gross Loans ($M) | $231 | $243 | $256 | $261 | $276 | $302 | $337 | $372 |
| ▁▁▁▁▂▃▅█ | Total Deposits ($M) | $299 | $305 | $313 | $305 | $323 | $333 | $379 | $427 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 18% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |