Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.48% | +1.03 | -1.51% |
| Return on Equity (%) | ▲ | -6.23% | +16.72 | -22.95% |
| Net Interest Margin (%) | ▲ | 3.07% | +0.44 | 2.63% |
| Efficiency Ratio (%) | ▲ | 109.34% | -8.39 | 117.73% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.22 | $-0 |
| Cost of Funds (%) | ▲ | 0.99% | -0.30 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $207 | -3.55 | $211 |
| Gross Loans ($M) | ▼ | $91 | -2.96 | $94 |
| Loan Growth YoY (%) | ▼ | 45.93% | -0.17 | 46.11% |
| Total Deposits ($M) | ▼ | $191 | -5.99 | $197 |
| Shareholders Equity ($M) | ▲ | $16 | +2.48 | $13 |
| Tang. Book Value ($M) | ▲ | $16 | +2.48 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.67 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 45.93% | -0.17 | 46.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 6.75% | -2.60 | 9.35% |
| Allowance / Loans (%) | — | 4.26% | 0.27% | 3.98% |
| Net Charge-Off Ratio (%) | ▲ | 15.30% | -5.58 | 20.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▇█ | Net Interest Margin (%) | 2.53% | 2.51% | 2.54% | 2.63% | 2.68% | 2.77% | 2.99% | 3.07% |
| ▇█▁▅▅███ | Return on Assets (%) | -0.99% | -0.62% | -2.58% | -1.51% | -1.32% | -0.68% | -0.56% | -0.48% |
| █▅▄▆▅▁▂▁ | Efficiency Ratio (%) | 122.5% | 116.8% | 114.3% | 117.7% | 116.8% | 108.9% | 112.1% | 109.3% |
| ▇█▇▆▆▂▁▁ | Cost of Funds (%) | 1.39% | 1.46% | 1.37% | 1.30% | 1.30% | 1.06% | 0.96% | 0.99% |
| █▇▅▄▃▂▁▁ | NPA / Assets (%) | 12.00% | 10.99% | 9.99% | 9.35% | 8.49% | 7.84% | 7.33% | 6.75% |
| ██▇▆▄▃▂▁ | Net Charge-Off Ratio (%) | 23.40% | 23.37% | 21.69% | 20.88% | 19.01% | 17.93% | 17.16% | 15.30% |
| ▇▃▂▁▄█▆▆ | Tang. Book Value ($M) | $16 | $15 | $14 | $13 | $15 | $17 | $16 | $16 |
| █▅▄▃▁▁▁▁ | Gross Loans ($M) | $108 | $100 | $97 | $94 | $91 | $90 | $89 | $91 |
| ▂█▇█▁▁▅▂ | Total Deposits ($M) | $191 | $197 | $196 | $197 | $189 | $189 | $193 | $191 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 2% |
| Consumer | 20% |
| Other | 31% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 4% |