Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +1.03 | -0.08% |
| Return on Equity (%) | ▲ | 8.55% | +9.36 | -0.81% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.31 | 3.37% |
| Efficiency Ratio (%) | ▲ | 82.95% | -20.03 | 102.98% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.61 | $0 |
| Cost of Funds (%) | ▲ | 1.64% | -0.20 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $165 | +2.25 | $163 |
| Gross Loans ($M) | ▼ | $109 | -12.66 | $122 |
| Loan Growth YoY (%) | ▼ | 74.59% | -8.11 | 82.69% |
| Total Deposits ($M) | ▼ | $146 | -1.00 | $147 |
| Shareholders Equity ($M) | ▲ | $18 | +3.47 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +3.47 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 74.59% | -8.11 | 82.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.01 | 0.05% |
| Allowance / Loans (%) | — | 0.82% | 0.06% | 0.76% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.00 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.95% | +4.12 | 12.84% |
Noninterest income ($1.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 3.02% | 3.04% | 3.29% | 3.37% | 3.47% | 3.51% | 3.58% | 3.67% |
| ▂▁▃▄▄▄▇█ | Return on Assets (%) | -0.61% | -0.92% | -0.31% | -0.08% | -0.13% | -0.14% | 0.62% | 0.96% |
| ██▆▅▅▅▁▁ | Efficiency Ratio (%) | 118.0% | 122.3% | 110.1% | 103.0% | 105.2% | 105.0% | 87.5% | 83.0% |
| █▇▅▃▅▄▁▁ | Cost of Funds (%) | 2.35% | 2.26% | 2.06% | 1.84% | 2.03% | 1.98% | 1.71% | 1.64% |
| ▁▁▁▁▂██▁ | NPA / Assets (%) | 0.06% | 0.06% | 0.06% | 0.05% | 0.16% | 0.69% | 0.66% | 0.04% |
| ▁▁▁▁▂█▆▁ | Net Charge-Off Ratio (%) | 0.08% | 0.08% | 0.07% | 0.07% | 0.21% | 0.92% | 0.60% | 0.07% |
| ▃▁▁▁▁▇▇█ | Tang. Book Value ($M) | $16 | $15 | $15 | $15 | $15 | $18 | $18 | $18 |
| ▆▇██▇▄▄▁ | Gross Loans ($M) | $118 | $121 | $123 | $122 | $120 | $116 | $115 | $109 |
| ▅▆██▃▁██ | Total Deposits ($M) | $132 | $135 | $142 | $147 | $119 | $110 | $144 | $146 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 32% |
| Brokered / Other | 31% |