Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.24 | 1.13% |
| Return on Equity (%) | ▼ | 16.39% | -10.55 | 26.94% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.53 | 2.75% |
| Efficiency Ratio (%) | ▼ | 68.94% | +14.70 | 54.24% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.57 | $3 |
| Cost of Funds (%) | ▲ | 2.64% | -0.29 | 2.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $413 | +44.00 | $369 |
| Gross Loans ($M) | ▲ | $279 | +62.66 | $216 |
| Loan Growth YoY (%) | ▲ | 76.12% | +12.38 | 63.74% |
| Total Deposits ($M) | ▲ | $363 | +27.66 | $335 |
| Shareholders Equity ($M) | ▲ | $23 | +5.93 | $17 |
| Tang. Book Value ($M) | ▲ | $23 | +5.93 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +5.29 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 76.12% | +12.38 | 63.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.10 | 0.50% |
| Allowance / Loans (%) | — | 0.92% | -0.19% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.34 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▆██ | Net Interest Margin (%) | 2.27% | 2.33% | 2.61% | 2.75% | 2.90% | 2.96% | 3.21% | 3.27% |
| ▁▁▃█▄▃▅▆ | Return on Assets (%) | 0.47% | 0.52% | 0.64% | 1.13% | 0.77% | 0.69% | 0.88% | 0.89% |
| ██▆▁▂▃▅▅ | Efficiency Ratio (%) | 79.6% | 77.7% | 72.4% | 54.2% | 59.4% | 61.1% | 69.4% | 68.9% |
| █▇▄▆▂▁▁▁ | Cost of Funds (%) | 3.08% | 2.97% | 2.82% | 2.93% | 2.71% | 2.63% | 2.61% | 2.64% |
| ▁▂▂▃█▂▃▁ | NPA / Assets (%) | 0.33% | 0.42% | 0.43% | 0.50% | 0.96% | 0.48% | 0.50% | 0.40% |
| ▂▃▃▄█▁▁▁ | Net Charge-Off Ratio (%) | 0.67% | 0.83% | 0.81% | 0.85% | 1.36% | 0.55% | 0.58% | 0.51% |
| ▃▁▃▄▆▇▇█ | Tang. Book Value ($M) | $16 | $14 | $16 | $17 | $20 | $22 | $21 | $23 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $184 | $189 | $204 | $216 | $236 | $250 | $268 | $279 |
| ▁▁▁▃▅▅██ | Total Deposits ($M) | $321 | $320 | $324 | $335 | $343 | $347 | $363 | $363 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 16% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 32% |