Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.59 | 0.11% |
| Return on Equity (%) | ▲ | 9.43% | +8.27 | 1.16% |
| Net Interest Margin (%) | ▼ | 4.67% | -0.02 | 4.69% |
| Efficiency Ratio (%) | ▲ | 88.36% | -7.53 | 95.89% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $0 |
| Cost of Funds (%) | ▲ | 1.80% | -0.71 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $116 | +31.13 | $85 |
| Gross Loans ($M) | ▲ | $88 | +20.90 | $67 |
| Loan Growth YoY (%) | ▼ | 92.81% | -8.94 | 101.76% |
| Total Deposits ($M) | ▲ | $94 | +28.41 | $65 |
| Shareholders Equity ($M) | ▲ | $8 | +0.43 | $8 |
| Tang. Book Value ($M) | ▲ | $8 | +0.43 | $8 |
| Loan / Deposit Ratio (%) | ▼ | 92.81% | -8.94 | 101.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.86% | +0.33 | 0.52% |
| Allowance / Loans (%) | — | 1.12% | 0.19% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 1.13% | +0.47 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.96% | -2.47 | 13.43% |
Noninterest income ($1.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▃▃▄▂▃ | Net Interest Margin (%) | 5.20% | 5.24% | 4.37% | 4.69% | 4.66% | 4.77% | 4.48% | 4.67% |
| █▇▁▁▁▁▁▅ | Return on Assets (%) | 1.29% | 1.00% | 0.10% | 0.11% | 0.13% | 0.02% | -0.03% | 0.69% |
| ▁▂███▇█▆ | Efficiency Ratio (%) | 61.4% | 69.2% | 96.9% | 95.9% | 95.7% | 93.0% | 98.9% | 88.4% |
| █▅▅▆▆▆▂▁ | Cost of Funds (%) | 2.91% | 2.47% | 2.41% | 2.51% | 2.62% | 2.56% | 2.00% | 1.80% |
| ▄▅▁▃██▇▅ | NPA / Assets (%) | 0.60% | 0.80% | 0.00% | 0.52% | 1.55% | 1.50% | 1.27% | 0.86% |
| ▄▅▁▃██▇▅ | Net Charge-Off Ratio (%) | 0.76% | 1.21% | 0.00% | 0.67% | 1.94% | 1.77% | 1.67% | 1.13% |
| ▁▁▁▁▂▃▄█ | Tang. Book Value ($M) | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 |
| ▁▁▁▃▅▇██ | Gross Loans ($M) | $60 | $58 | $60 | $67 | $75 | $82 | $87 | $88 |
| ▁▃▁▂▃▄██ | Total Deposits ($M) | $61 | $71 | $64 | $65 | $70 | $74 | $92 | $94 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 60% |
| Interest-Bearing (core) | 35% |
| Brokered / Other | 5% |