Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.54 | 1.82% |
| Return on Equity (%) | ▼ | 15.28% | -6.44 | 21.72% |
| Net Interest Margin (%) | ▼ | 3.55% | -0.20 | 3.76% |
| Efficiency Ratio (%) | ▼ | 58.06% | +4.57 | 53.49% |
| Pre-Provision Profit ($M) | — | $2 | 0.00 | $2 |
| Cost of Funds (%) | ▲ | 2.04% | -0.21 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $368 | +46.54 | $321 |
| Gross Loans ($M) | ▲ | $276 | +27.09 | $249 |
| Loan Growth YoY (%) | ▼ | 84.72% | -7.74 | 92.46% |
| Total Deposits ($M) | ▲ | $321 | +55.64 | $265 |
| Shareholders Equity ($M) | ▲ | $30 | +2.32 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +2.34 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.65 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 84.72% | -7.74 | 92.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.32% | +1.28 | 0.04% |
| Allowance / Loans (%) | — | 1.39% | 0.03% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 1.76% | +1.70 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇██▁▄ | Net Interest Margin (%) | 3.32% | 3.39% | 3.62% | 3.76% | 3.84% | 3.83% | 3.29% | 3.55% |
| █▄▇██▅▁▃ | Return on Assets (%) | 1.75% | 1.38% | 1.71% | 1.82% | 1.79% | 1.49% | 1.05% | 1.27% |
| ▃█▂▁▁▂▅▄ | Efficiency Ratio (%) | 55.8% | 62.8% | 54.7% | 53.5% | 53.3% | 54.9% | 58.8% | 58.1% |
| ██▅▃▅▅▄▁ | Cost of Funds (%) | 2.76% | 2.78% | 2.49% | 2.25% | 2.44% | 2.41% | 2.32% | 2.04% |
| ▁▁▂▁▁▆█▆ | NPA / Assets (%) | 0.06% | 0.11% | 0.28% | 0.04% | 0.03% | 1.14% | 1.76% | 1.32% |
| ▁▁▂▁▁▅█▆ | Net Charge-Off Ratio (%) | 0.08% | 0.14% | 0.37% | 0.05% | 0.04% | 1.49% | 2.38% | 1.76% |
| ▄▁▃▅▇███ | Tang. Book Value ($M) | $24 | $22 | $24 | $25 | $27 | $27 | $27 | $28 |
| ▁▁▁▄▆▆▅█ | Gross Loans ($M) | $230 | $231 | $227 | $249 | $262 | $260 | $256 | $276 |
| ▁▁▁▁▃▅▇█ | Total Deposits ($M) | $264 | $264 | $271 | $265 | $278 | $295 | $311 | $321 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 12% |
| Agricultural | 47% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 35% |