Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 3.19% | -0.18 | 3.36% |
| Return on Equity (%) | ▼ | 21.97% | -4.06 | 26.03% |
| Net Interest Margin (%) | ▼ | 5.20% | -0.25 | 5.45% |
| Efficiency Ratio (%) | ▲ | 40.63% | -0.08 | 40.71% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.43 | $2 |
| Cost of Funds (%) | ▲ | 0.99% | -0.03 | 1.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $279 | +64.27 | $215 |
| Gross Loans ($M) | ▲ | $208 | +37.78 | $170 |
| Loan Growth YoY (%) | ▼ | 86.47% | -5.01 | 91.48% |
| Total Deposits ($M) | ▲ | $237 | +53.74 | $183 |
| Shareholders Equity ($M) | ▲ | $42 | +12.48 | $29 |
| Tang. Book Value ($M) | ▲ | $42 | +12.48 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +12.65 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 86.47% | -5.01 | 91.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.93% | -0.27 | 1.20% |
| Allowance / Loans (%) | — | 1.33% | -0.00% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.04 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇█▂▁▂ | Net Interest Margin (%) | 5.14% | 5.17% | 5.31% | 5.45% | 5.52% | 5.17% | 5.10% | 5.20% |
| ▄▁▆██▅▇▇ | Return on Assets (%) | 2.84% | 2.43% | 3.16% | 3.36% | 3.41% | 3.04% | 3.28% | 3.19% |
| ▇█▄▁▁▅▂▁ | Efficiency Ratio (%) | 47.3% | 48.7% | 43.7% | 40.7% | 41.4% | 45.5% | 42.2% | 40.6% |
| ▁▁▁▁▁█▁▁ | Cost of Funds (%) | 1.04% | 1.00% | 0.93% | 1.02% | 1.02% | 1.77% | 0.97% | 0.99% |
| █▃▃▄▃▁▂▁ | NPA / Assets (%) | 1.56% | 1.08% | 1.07% | 1.20% | 1.13% | 0.88% | 0.99% | 0.93% |
| ▇▁▁▄▂▄█▅ | Net Charge-Off Ratio (%) | 0.23% | 0.00% | 0.00% | 0.11% | 0.05% | 0.11% | 0.27% | 0.15% |
| ▁▁▁▂▂███ | Tang. Book Value ($M) | $28 | $27 | $29 | $29 | $31 | $40 | $41 | $42 |
| ▁▁▁▂▃▇▇█ | Gross Loans ($M) | $164 | $161 | $166 | $170 | $174 | $199 | $201 | $208 |
| ▁▂▂▁▁███ | Total Deposits ($M) | $182 | $195 | $193 | $183 | $185 | $243 | $244 | $237 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 28% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 11% |