Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.17 | 1.56% |
| Return on Equity (%) | ▲ | 17.57% | +0.51 | 17.06% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.31 | 3.60% |
| Efficiency Ratio (%) | ▲ | 50.99% | -4.13 | 55.13% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.61 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.07 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $453 | -3.25 | $457 |
| Gross Loans ($M) | ▲ | $302 | +17.40 | $284 |
| Loan Growth YoY (%) | ▲ | 73.46% | +5.38 | 68.08% |
| Total Deposits ($M) | ▼ | $407 | -5.78 | $413 |
| Shareholders Equity ($M) | ▲ | $43 | +2.53 | $40 |
| Tang. Book Value ($M) | ▲ | $37 | +2.73 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +3.53 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 73.46% | +5.38 | 68.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.26 | 0.58% |
| Allowance / Loans (%) | — | 0.84% | -0.25% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.34 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.01% | -1.15 | 15.16% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▅▇█ | Net Interest Margin (%) | 3.27% | 3.30% | 3.58% | 3.60% | 3.61% | 3.59% | 3.82% | 3.91% |
| ▁▁▃▅▂▃▄█ | Return on Assets (%) | 1.37% | 1.36% | 1.49% | 1.56% | 1.42% | 1.46% | 1.51% | 1.73% |
| ██▆▅▄▃▅▁ | Efficiency Ratio (%) | 58.5% | 58.6% | 56.4% | 55.1% | 54.7% | 53.8% | 54.9% | 51.0% |
| ██▄▃▆▁▁▂ | Cost of Funds (%) | 1.87% | 1.84% | 1.67% | 1.65% | 1.74% | 1.52% | 1.56% | 1.57% |
| ▁▁▁▃█▆▆▅ | NPA / Assets (%) | 0.34% | 0.31% | 0.21% | 0.58% | 1.37% | 1.01% | 1.05% | 0.84% |
| ▂▁▁▃█▇▆▅ | Net Charge-Off Ratio (%) | 0.52% | 0.42% | 0.27% | 0.89% | 2.13% | 1.67% | 1.57% | 1.23% |
| ▂▁▂▂▅▇█▄ | Tang. Book Value ($M) | $33 | $32 | $34 | $34 | $38 | $41 | $42 | $37 |
| ▁▄▄▄▄▇▇█ | Gross Loans ($M) | $271 | $284 | $283 | $284 | $284 | $295 | $295 | $302 |
| ▂▁▁▅▃█▃▄ | Total Deposits ($M) | $392 | $373 | $380 | $413 | $400 | $448 | $398 | $407 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 10% |
| Agricultural | 39% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 12% |