Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.71 | 1.48% |
| Return on Equity (%) | ▼ | 7.14% | -7.59 | 14.73% |
| Net Interest Margin (%) | ▼ | 3.45% | -0.35 | 3.80% |
| Efficiency Ratio (%) | ▼ | 77.76% | +15.55 | 62.20% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.35 | $1 |
| Cost of Funds (%) | ▼ | 2.03% | +0.28 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $136 | +12.37 | $123 |
| Gross Loans ($M) | ▲ | $83 | +9.76 | $73 |
| Loan Growth YoY (%) | ▲ | 68.14% | +2.11 | 66.03% |
| Total Deposits ($M) | ▲ | $120 | +11.01 | $109 |
| Shareholders Equity ($M) | ▲ | $15 | +1.36 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +1.36 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.46 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 68.14% | +2.11 | 66.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.31% | +1.19 | 2.12% |
| Allowance / Loans (%) | — | 1.17% | -0.23% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 5.41% | +1.84 | 3.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▆▆▆▂▁ | Net Interest Margin (%) | 4.00% | 4.00% | 3.63% | 3.80% | 3.84% | 3.82% | 3.52% | 3.45% |
| ▆▆▅█▇▄▃▁ | Return on Assets (%) | 1.25% | 1.25% | 1.14% | 1.48% | 1.38% | 1.07% | 0.98% | 0.77% |
| ▃▃▄▁▂▃▆█ | Efficiency Ratio (%) | 67.1% | 66.6% | 69.1% | 62.2% | 65.1% | 67.2% | 73.6% | 77.8% |
| ▁▁▃▂▁▅▆█ | Cost of Funds (%) | 1.68% | 1.68% | 1.78% | 1.74% | 1.67% | 1.86% | 1.93% | 2.03% |
| ▁▁▅▅▆▅▇█ | NPA / Assets (%) | 0.91% | 0.82% | 2.22% | 2.12% | 2.47% | 2.20% | 2.72% | 3.31% |
| ▁▁▅▅▆▅▇█ | Net Charge-Off Ratio (%) | 1.52% | 1.43% | 3.79% | 3.57% | 4.26% | 3.67% | 4.51% | 5.41% |
| ▁▁▃▅▇▇██ | Tang. Book Value ($M) | $12 | $12 | $13 | $13 | $14 | $14 | $14 | $15 |
| ▁▁▁▁▂▄██ | Gross Loans ($M) | $73 | $73 | $72 | $73 | $74 | $77 | $82 | $83 |
| ▁▄▂▁▃▄██ | Total Deposits ($M) | $108 | $113 | $110 | $109 | $112 | $113 | $121 | $120 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 13% |
| Consumer | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 33% |