Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.48 | 0.52% |
| Return on Equity (%) | ▲ | 8.73% | +3.70 | 5.03% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.69 | 2.33% |
| Efficiency Ratio (%) | ▲ | 61.27% | -13.42 | 74.70% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.90 | $0 |
| Cost of Funds (%) | ▲ | 1.65% | -0.20 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $313 | -5.63 | $318 |
| Gross Loans ($M) | ▲ | $197 | +9.89 | $187 |
| Loan Growth YoY (%) | ▲ | 71.78% | +5.94 | 65.84% |
| Total Deposits ($M) | ▼ | $271 | -9.50 | $280 |
| Shareholders Equity ($M) | ▲ | $37 | +3.35 | $34 |
| Tang. Book Value ($M) | ▲ | $35 | +3.38 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.57 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 71.78% | +5.94 | 65.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.27% | -0.02 | 2.29% |
| Allowance / Loans (%) | — | 1.20% | -0.03% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 3.61% | -0.30 | 3.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▁▂▃▇█ | Net Interest Margin (%) | 2.39% | 2.41% | 2.64% | 2.33% | 2.48% | 2.57% | 2.92% | 3.01% |
| ▂▁▆▂▃▄██ | Return on Assets (%) | 0.53% | 0.43% | 0.82% | 0.52% | 0.62% | 0.65% | 0.95% | 1.00% |
| ▅▇▂█▆▆▁▁ | Efficiency Ratio (%) | 68.6% | 71.6% | 62.7% | 74.7% | 70.5% | 69.3% | 60.2% | 61.3% |
| ██▅▄▄▂▁▂ | Cost of Funds (%) | 2.07% | 2.12% | 1.90% | 1.85% | 1.79% | 1.66% | 1.58% | 1.65% |
| ▁▁▆█████ | NPA / Assets (%) | 0.09% | 0.33% | 1.80% | 2.29% | 2.40% | 2.21% | 2.23% | 2.27% |
| ▁▁▇█████ | Net Charge-Off Ratio (%) | 0.14% | 0.55% | 3.19% | 3.90% | 3.84% | 3.80% | 3.82% | 3.61% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $31 | $30 | $31 | $32 | $34 | $34 | $35 | $35 |
| █▅▁▃▅▃▃▇ | Gross Loans ($M) | $201 | $192 | $182 | $187 | $192 | $188 | $188 | $197 |
| ▁▇█▇▃▇▇▄ | Total Deposits ($M) | $260 | $281 | $285 | $280 | $268 | $282 | $282 | $271 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 10% |
| Agricultural | 18% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |