Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.30 | 1.05% |
| Return on Equity (%) | ▲ | 12.50% | +2.22 | 10.28% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.46 | 3.96% |
| Efficiency Ratio (%) | ▲ | 60.43% | -2.15 | 62.58% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.36% | -0.11 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $344 | +26.52 | $318 |
| Gross Loans ($M) | ▲ | $233 | +44.78 | $188 |
| Loan Growth YoY (%) | ▲ | 77.90% | +8.40 | 69.51% |
| Total Deposits ($M) | ▲ | $294 | +28.09 | $266 |
| Shareholders Equity ($M) | ▲ | $37 | +3.39 | $34 |
| Tang. Book Value ($M) | ▲ | $35 | +3.39 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.13 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 77.90% | +8.40 | 69.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.03 | 0.29% |
| Allowance / Loans (%) | — | 1.42% | -0.04% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.06 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.57% | -1.52 | 16.09% |
Noninterest income ($0.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆██ | Net Interest Margin (%) | 3.74% | 3.77% | 3.90% | 3.96% | 4.11% | 4.20% | 4.46% | 4.42% |
| ▁▁▄▂▂▂█▆ | Return on Assets (%) | 0.98% | 0.96% | 1.22% | 1.05% | 1.10% | 1.04% | 1.51% | 1.35% |
| ██▃▅▄▆▁▄ | Efficiency Ratio (%) | 65.8% | 66.5% | 59.4% | 62.6% | 61.1% | 63.1% | 56.3% | 60.4% |
| █▆▆▇▇▃▁▄ | Cost of Funds (%) | 1.52% | 1.42% | 1.44% | 1.46% | 1.46% | 1.34% | 1.26% | 1.36% |
| ▁▂███▅▂▇ | NPA / Assets (%) | 0.09% | 0.13% | 0.29% | 0.29% | 0.28% | 0.21% | 0.14% | 0.25% |
| ▁▂██▆▄▁▆ | Net Charge-Off Ratio (%) | 0.15% | 0.21% | 0.46% | 0.42% | 0.37% | 0.27% | 0.16% | 0.36% |
| ▃▁▃▅▇▆▇█ | Tang. Book Value ($M) | $30 | $28 | $30 | $31 | $33 | $33 | $34 | $35 |
| ▁▁▁▁▃▅▆█ | Gross Loans ($M) | $185 | $189 | $188 | $188 | $201 | $212 | $218 | $233 |
| ▁▂▃▃▂▄▇█ | Total Deposits ($M) | $255 | $262 | $269 | $266 | $263 | $275 | $287 | $294 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |