Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.24% | +0.65 | -0.40% |
| Return on Equity (%) | ▲ | 1.82% | +5.34 | -3.52% |
| Net Interest Margin (%) | ▲ | 2.28% | +0.69 | 1.59% |
| Efficiency Ratio (%) | ▲ | 91.01% | -23.90 | 114.91% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.07 | $-0 |
| Cost of Funds (%) | ▲ | 1.23% | -0.19 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $158 | +0.24 | $158 |
| Gross Loans ($M) | ▲ | $56 | +4.02 | $51 |
| Loan Growth YoY (%) | ▲ | 40.67% | +1.00 | 39.67% |
| Total Deposits ($M) | ▲ | $135 | +6.73 | $128 |
| Shareholders Equity ($M) | ▲ | $21 | +2.06 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +2.06 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.00 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 40.67% | +1.00 | 39.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.04 | 0.04% |
| Allowance / Loans (%) | — | 1.23% | -0.09% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.10 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▃▄██ | Net Interest Margin (%) | 1.27% | 1.31% | 1.57% | 1.59% | 1.65% | 1.78% | 2.22% | 2.28% |
| ▃▂▁▃▃▄██ | Return on Assets (%) | -0.42% | -0.54% | -0.72% | -0.40% | -0.37% | -0.32% | 0.31% | 0.24% |
| ▆▇█▅▅▅▁▁ | Efficiency Ratio (%) | 118.2% | 127.4% | 136.0% | 114.9% | 113.6% | 111.9% | 87.0% | 91.0% |
| ██▅▄▅▁▁▁ | Cost of Funds (%) | 1.69% | 1.66% | 1.45% | 1.42% | 1.46% | 1.24% | 1.18% | 1.23% |
| ▆█▅▁▁▂▂▃ | NPA / Assets (%) | 0.17% | 0.22% | 0.14% | 0.04% | 0.03% | 0.06% | 0.06% | 0.08% |
| ▆█▅▁▁▂▂▃ | Net Charge-Off Ratio (%) | 0.53% | 0.68% | 0.44% | 0.13% | 0.08% | 0.16% | 0.18% | 0.24% |
| ▂▁▃▄▆███ | Tang. Book Value ($M) | $18 | $17 | $18 | $19 | $20 | $21 | $21 | $21 |
| ▂▁▂▃▄▅▇█ | Gross Loans ($M) | $51 | $50 | $51 | $51 | $52 | $53 | $55 | $56 |
| ▁▂▄▃▄▅██ | Total Deposits ($M) | $124 | $126 | $130 | $128 | $130 | $131 | $136 | $135 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 12% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 10% |