Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.13 | 1.21% |
| Return on Equity (%) | ▼ | 15.52% | -0.01 | 15.53% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.35 | 4.08% |
| Efficiency Ratio (%) | ▼ | 69.24% | +0.52 | 68.72% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.01 | $2 |
| Cost of Funds (%) | ▲ | 1.75% | -0.37 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $503 | -11.39 | $514 |
| Gross Loans ($M) | ▼ | $407 | -7.56 | $415 |
| Loan Growth YoY (%) | ▲ | 88.19% | +0.81 | 87.38% |
| Total Deposits ($M) | ▼ | $457 | -14.12 | $471 |
| Shareholders Equity ($M) | ▲ | $44 | +2.72 | $41 |
| Tang. Book Value ($M) | ▲ | $42 | +2.78 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +2.73 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 88.19% | +0.81 | 87.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.08% | +0.92 | 1.15% |
| Allowance / Loans (%) | — | 1.13% | 0.28% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 2.55% | +1.12 | 1.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.80% | +0.37 | 11.43% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆▆██ | Net Interest Margin (%) | 3.77% | 3.87% | 3.92% | 4.08% | 4.19% | 4.26% | 4.37% | 4.43% |
| ▁▂▃▆▆▅▅█ | Return on Assets (%) | 0.85% | 0.93% | 0.98% | 1.21% | 1.17% | 1.11% | 1.13% | 1.34% |
| █▇▅▁▁▁▅▁ | Efficiency Ratio (%) | 76.6% | 75.5% | 73.0% | 68.7% | 68.8% | 69.3% | 73.0% | 69.2% |
| █▇▆▅▅▃▁▁ | Cost of Funds (%) | 2.39% | 2.29% | 2.19% | 2.12% | 2.08% | 1.95% | 1.81% | 1.75% |
| ▁▁▃▃▂▂██ | NPA / Assets (%) | 0.64% | 0.66% | 1.01% | 1.15% | 0.97% | 0.97% | 1.96% | 2.08% |
| ▁▁▃▄▂▂██ | Net Charge-Off Ratio (%) | 0.74% | 0.80% | 1.27% | 1.43% | 1.16% | 1.18% | 2.38% | 2.55% |
| ▁▁▃▄▅█▇█ | Tang. Book Value ($M) | $37 | $37 | $38 | $39 | $40 | $41 | $41 | $42 |
| █▄▃▃▃▂▁▁ | Gross Loans ($M) | $430 | $417 | $413 | $415 | $416 | $412 | $408 | $407 |
| ▃▆█▇▃▃▁▃ | Total Deposits ($M) | $457 | $466 | $476 | $471 | $457 | $459 | $450 | $457 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |