Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.32 | 1.08% |
| Return on Equity (%) | ▲ | 15.61% | +2.90 | 12.71% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.36 | 3.53% |
| Efficiency Ratio (%) | ▲ | 55.88% | -7.33 | 63.21% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.22 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $253 | +23.39 | $230 |
| Gross Loans ($M) | ▲ | $162 | +11.11 | $151 |
| Loan Growth YoY (%) | ▼ | 70.50% | -1.52 | 72.02% |
| Total Deposits ($M) | ▲ | $228 | +20.04 | $208 |
| Shareholders Equity ($M) | ▲ | $24 | +3.33 | $20 |
| Tang. Book Value ($M) | ▲ | $24 | +3.33 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +3.69 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 70.50% | -1.52 | 72.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.29 | 0.44% |
| Allowance / Loans (%) | — | 0.96% | 0.03% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 1.09% | +0.42 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.72% | +0.54 | 15.19% |
Noninterest income ($0.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 3.11% | 3.17% | 3.43% | 3.53% | 3.59% | 3.66% | 3.84% | 3.89% |
| ▁▁▃▄▅▅██ | Return on Assets (%) | 0.82% | 0.81% | 1.03% | 1.08% | 1.16% | 1.12% | 1.42% | 1.40% |
| ██▆▅▄▄▁▁ | Efficiency Ratio (%) | 68.2% | 69.7% | 64.3% | 63.2% | 61.3% | 62.2% | 55.1% | 55.9% |
| █▇▄▅▅▂▁▁ | Cost of Funds (%) | 2.10% | 2.04% | 1.83% | 1.88% | 1.87% | 1.76% | 1.64% | 1.65% |
| ▆▁▂▃▃▇██ | NPA / Assets (%) | 0.57% | 0.26% | 0.35% | 0.44% | 0.42% | 0.64% | 0.75% | 0.73% |
| ▅▁▂▃▃▆██ | Net Charge-Off Ratio (%) | 0.84% | 0.38% | 0.52% | 0.66% | 0.63% | 0.93% | 1.14% | 1.09% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $19 | $18 | $19 | $20 | $21 | $22 | $23 | $24 |
| ▁▃▂▂▆███ | Gross Loans ($M) | $147 | $152 | $149 | $151 | $157 | $164 | $162 | $162 |
| ▁▁▄▃▄▇██ | Total Deposits ($M) | $196 | $199 | $210 | $208 | $211 | $227 | $231 | $228 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 15% |
| Agricultural | 10% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |