Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.47% | -1.37 | -0.10% |
| Return on Equity (%) | ▼ | -9.21% | -8.64 | -0.57% |
| Net Interest Margin (%) | ▼ | 3.68% | -0.40 | 4.08% |
| Efficiency Ratio (%) | ▼ | 111.08% | +11.49 | 99.59% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.39 | $0 |
| Cost of Funds (%) | ▲ | 2.47% | -0.19 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $111 | +16.71 | $95 |
| Gross Loans ($M) | ▲ | $86 | +12.72 | $74 |
| Loan Growth YoY (%) | ▲ | 97.84% | +0.40 | 97.45% |
| Total Deposits ($M) | ▲ | $87 | +12.53 | $75 |
| Shareholders Equity ($M) | ▲ | $17 | +2.07 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +2.09 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 97.84% | +0.40 | 97.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.99 | 0.28% |
| Allowance / Loans (%) | — | 0.90% | 0.07% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 1.42% | +1.32 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▅▅▅▁▃ | Net Interest Margin (%) | 4.55% | 4.48% | 4.10% | 4.08% | 4.00% | 3.97% | 3.33% | 3.68% |
| ▂▂▅▇██▁▃ | Return on Assets (%) | -1.70% | -1.70% | -0.88% | -0.10% | 0.20% | -0.08% | -2.19% | -1.47% |
| █▇▄▁▁▂▆▄ | Efficiency Ratio (%) | 127.6% | 121.3% | 108.3% | 99.6% | 96.5% | 100.7% | 118.4% | 111.1% |
| ▁▁▁▃▂█▄▁ | Cost of Funds (%) | 2.44% | 2.48% | 2.44% | 2.66% | 2.59% | 3.05% | 2.69% | 2.47% |
| ▂▆▁▂▁██▇ | NPA / Assets (%) | 0.30% | 1.03% | 0.10% | 0.28% | 0.24% | 1.46% | 1.34% | 1.27% |
| ▁▆▁▁▁█▇▇ | Net Charge-Off Ratio (%) | 0.27% | 1.32% | 0.12% | 0.11% | 0.11% | 1.74% | 1.43% | 1.42% |
| ▂▁▁▁█▇▆▆ | Tang. Book Value ($M) | $14 | $14 | $14 | $14 | $17 | $17 | $16 | $16 |
| ▁▄▄▆▆███ | Gross Loans ($M) | $45 | $61 | $66 | $74 | $76 | $81 | $86 | $86 |
| ▁▃▄▆██▇█ | Total Deposits ($M) | $46 | $59 | $64 | $75 | $86 | $85 | $78 | $87 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |