Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.25% | -1.58 | 0.32% |
| Return on Equity (%) | ▼ | -15.36% | -19.33 | 3.97% |
| Net Interest Margin (%) | ▲ | 3.99% | +1.36 | 2.63% |
| Efficiency Ratio (%) | ▲ | 73.96% | -16.31 | 90.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.61 | $0 |
| Cost of Funds (%) | ▲ | 1.31% | -0.43 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $253 | -38.12 | $291 |
| Gross Loans ($M) | ▼ | $131 | -9.69 | $140 |
| Loan Growth YoY (%) | ▲ | 55.49% | +2.23 | 53.26% |
| Total Deposits ($M) | ▼ | $232 | -28.05 | $260 |
| Shareholders Equity ($M) | ▼ | $20 | -9.09 | $29 |
| Tang. Book Value ($M) | ▼ | $20 | -9.01 | $29 |
| TBV excl. AOCI ($M)** | ▼ | $24 | -10.86 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 55.49% | +2.23 | 53.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.65 | 0.91% |
| Allowance / Loans (%) | — | 1.74% | 0.18% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -1.15 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -16.90 | 16.90% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.06% | 2.11% | 2.51% | 2.63% | 2.91% | 3.09% | 3.88% | 3.99% |
| ▆▆▇▇▁▃█▃ | Return on Assets (%) | -0.00% | 0.01% | 0.20% | 0.32% | -2.15% | -1.31% | 0.97% | -1.25% |
| ██▆▅▄▃▁▁ | Efficiency Ratio (%) | 105.2% | 104.1% | 93.7% | 90.3% | 86.6% | 85.1% | 74.5% | 74.0% |
| ██▆▅▄▃▁▁ | Cost of Funds (%) | 2.13% | 2.11% | 1.85% | 1.73% | 1.69% | 1.61% | 1.39% | 1.31% |
| ▇███▄▃▁▁ | NPA / Assets (%) | 0.81% | 0.86% | 0.85% | 0.91% | 0.57% | 0.46% | 0.26% | 0.26% |
| ██▇▇▃▃▁▁ | Net Charge-Off Ratio (%) | 1.77% | 1.85% | 1.61% | 1.66% | 0.93% | 0.94% | 0.54% | 0.51% |
| ▂▂▃█▂▃▃▁ | Tang. Book Value ($M) | $21 | $21 | $22 | $29 | $21 | $22 | $22 | $20 |
| ▄▇██▁▂▁▂ | Gross Loans ($M) | $135 | $139 | $141 | $140 | $130 | $131 | $129 | $131 |
| ▃▆█▅▃▃▂▁ | Total Deposits ($M) | $248 | $268 | $282 | $260 | $247 | $245 | $242 | $232 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 24% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |