Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.36 | 1.11% |
| Return on Equity (%) | ▲ | 16.54% | +4.23 | 12.31% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.22 | 3.84% |
| Efficiency Ratio (%) | ▲ | 66.77% | -6.56 | 73.33% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.21% | -0.19 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $222 | +21.17 | $201 |
| Gross Loans ($M) | ▲ | $138 | +0.06 | $138 |
| Loan Growth YoY (%) | ▼ | 70.41% | -6.31 | 76.72% |
| Total Deposits ($M) | ▲ | $194 | +15.71 | $179 |
| Shareholders Equity ($M) | ▲ | $20 | +1.00 | $19 |
| Tang. Book Value ($M) | ▲ | $20 | +1.00 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +1.32 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 70.41% | -6.31 | 76.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.13% | 0.00 | 0.13% |
| Allowance / Loans (%) | — | 1.07% | 0.19% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.02 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.14% | +0.66 | 14.49% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.64% | 3.60% | 3.71% | 3.84% | 3.89% | 3.91% | 3.97% | 4.06% |
| ▂▁▃▄▃▃██ | Return on Assets (%) | 1.00% | 0.89% | 1.06% | 1.11% | 1.10% | 1.06% | 1.43% | 1.47% |
| ▇█▆▆▆▇▁▁ | Efficiency Ratio (%) | 74.0% | 76.1% | 73.5% | 73.3% | 73.4% | 74.5% | 67.6% | 66.8% |
| █▆▅▅▃▃▁▁ | Cost of Funds (%) | 1.55% | 1.43% | 1.39% | 1.40% | 1.31% | 1.32% | 1.25% | 1.21% |
| ▄▃▄▄▄█▁▄ | NPA / Assets (%) | 0.12% | 0.07% | 0.12% | 0.13% | 0.10% | 0.24% | 0.01% | 0.13% |
| ▄▂▄▄▄█▁▅ | Net Charge-Off Ratio (%) | 0.17% | 0.10% | 0.18% | 0.19% | 0.15% | 0.37% | 0.02% | 0.20% |
| ▃▁▃▄▅▅▇█ | Tang. Book Value ($M) | $18 | $18 | $18 | $19 | $19 | $19 | $19 | $20 |
| ▅▅▃▂▄█▁▂ | Gross Loans ($M) | $142 | $142 | $139 | $138 | $141 | $145 | $137 | $138 |
| ▄▄▂▁▁▁▃█ | Total Deposits ($M) | $184 | $185 | $180 | $179 | $177 | $176 | $183 | $194 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Agricultural | 4% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |