Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.34% | -1.60 | 0.26% |
| Return on Equity (%) | ▼ | -12.34% | -15.06 | 2.72% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.26 | 3.26% |
| Efficiency Ratio (%) | ▲ | 69.18% | -7.72 | 76.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.06 | $2 |
| Cost of Funds (%) | ▲ | 2.84% | -0.46 | 3.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $949 | -174.12 | $1,123 |
| Gross Loans ($M) | ▼ | $766 | -154.40 | $921 |
| Loan Growth YoY (%) | ▼ | 88.92% | -3.52 | 92.43% |
| Total Deposits ($M) | ▼ | $840 | -142.75 | $983 |
| Shareholders Equity ($M) | ▼ | $100 | -10.18 | $110 |
| Tang. Book Value ($M) | ▼ | $93 | -10.27 | $103 |
| TBV excl. AOCI ($M)** | ▼ | $95 | -10.20 | $105 |
| Loan / Deposit Ratio (%) | ▼ | 88.92% | -3.52 | 92.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.39% | +1.50 | 3.89% |
| Allowance / Loans (%) | — | 2.54% | 1.20% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 6.61% | +1.95 | 4.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.40% | +0.92 | 10.48% |
Noninterest income ($1.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▄▇█▇█ | Net Interest Margin (%) | 3.12% | 3.12% | 3.05% | 3.26% | 3.44% | 3.50% | 3.45% | 3.52% |
| ██▇▆▆▆█▁ | Return on Assets (%) | 0.86% | 0.89% | 0.53% | 0.26% | 0.29% | 0.21% | 0.67% | -1.34% |
| ▁▁▅█▅▅▄▄ | Efficiency Ratio (%) | 63.7% | 63.2% | 70.4% | 76.9% | 70.3% | 70.9% | 69.4% | 69.2% |
| ██▅▄▄▄▂▁ | Cost of Funds (%) | 4.00% | 3.85% | 3.49% | 3.31% | 3.37% | 3.28% | 3.08% | 2.84% |
| ▁▂▇▆▆▇██ | NPA / Assets (%) | 0.67% | 1.76% | 4.45% | 3.89% | 4.17% | 4.58% | 5.07% | 5.39% |
| ▁▂▇▆▆▇██ | Net Charge-Off Ratio (%) | 0.76% | 2.11% | 5.44% | 4.66% | 5.01% | 5.62% | 6.17% | 6.61% |
| ▃▃█▇███▁ | Tang. Book Value ($M) | $96 | $96 | $103 | $103 | $104 | $104 | $104 | $93 |
| ▇█▇█▇▅▂▁ | Gross Loans ($M) | $895 | $905 | $896 | $921 | $894 | $855 | $804 | $766 |
| ████▇▄▂▁ | Total Deposits ($M) | $972 | $980 | $975 | $983 | $950 | $909 | $860 | $840 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 13% |