Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.23 | 0.67% |
| Return on Equity (%) | ▲ | 11.05% | +2.19 | 8.86% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.29 | 3.49% |
| Efficiency Ratio (%) | ▲ | 73.12% | -4.68 | 77.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▼ | 1.11% | +0.12 | 0.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $397 | +32.53 | $364 |
| Gross Loans ($M) | ▲ | $219 | +5.72 | $213 |
| Loan Growth YoY (%) | ▼ | 63.63% | -0.75 | 64.37% |
| Total Deposits ($M) | ▲ | $339 | +12.44 | $327 |
| Shareholders Equity ($M) | ▲ | $32 | +3.75 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +3.77 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.63 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 63.63% | -0.75 | 64.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.07 | 0.14% |
| Allowance / Loans (%) | — | 1.19% | 0.08% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.14 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.75% | +0.43 | 13.32% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.13% | 3.18% | 3.45% | 3.49% | 3.57% | 3.61% | 3.72% | 3.77% |
| ▁▁▄▄▅▇▇█ | Return on Assets (%) | 0.48% | 0.49% | 0.64% | 0.67% | 0.70% | 0.82% | 0.80% | 0.90% |
| ██▄▄▃▁▂▁ | Efficiency Ratio (%) | 84.8% | 84.6% | 78.2% | 77.8% | 77.1% | 74.2% | 75.3% | 73.1% |
| ▅▆▁▂▇▂▂█ | Cost of Funds (%) | 1.04% | 1.06% | 0.96% | 0.99% | 1.09% | 1.00% | 1.00% | 1.11% |
| ▃▃▇█▆▄▁▄ | NPA / Assets (%) | 0.05% | 0.06% | 0.11% | 0.14% | 0.10% | 0.07% | 0.01% | 0.07% |
| ▄▄█▆▄▆▁▁ | Net Charge-Off Ratio (%) | 0.10% | 0.10% | 0.20% | 0.15% | 0.09% | 0.13% | 0.01% | 0.01% |
| ▂▁▃▄▆███ | Tang. Book Value ($M) | $26 | $24 | $26 | $27 | $29 | $30 | $30 | $31 |
| ▂▁▂▆▇▇██ | Gross Loans ($M) | $204 | $201 | $205 | $213 | $215 | $216 | $218 | $219 |
| ▃▁▃▅█▇█▇ | Total Deposits ($M) | $315 | $304 | $316 | $327 | $345 | $337 | $346 | $339 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 3% |