Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.39% | +0.69 | 1.70% |
| Return on Equity (%) | ▲ | 22.75% | +4.50 | 18.25% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.21 | 4.08% |
| Efficiency Ratio (%) | ▲ | 48.23% | -9.14 | 57.37% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $1 |
| Cost of Funds (%) | ▼ | 1.09% | +0.01 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $291 | +11.66 | $280 |
| Gross Loans ($M) | ▲ | $186 | +14.62 | $172 |
| Loan Growth YoY (%) | ▲ | 71.39% | +0.15 | 71.25% |
| Total Deposits ($M) | ▲ | $257 | +19.59 | $238 |
| Shareholders Equity ($M) | ▲ | $30 | +4.29 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +4.45 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +3.95 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 71.39% | +0.15 | 71.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.04% |
| Allowance / Loans (%) | — | 1.31% | 0.05% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.18% | +0.25 | 13.92% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▆▇██ | Net Interest Margin (%) | 3.49% | 3.62% | 4.08% | 4.08% | 4.09% | 4.17% | 4.34% | 4.30% |
| ▁▁▁▂▄▄██ | Return on Assets (%) | 1.48% | 1.53% | 1.57% | 1.70% | 1.84% | 1.91% | 2.39% | 2.39% |
| █▇██▆▄▁▁ | Efficiency Ratio (%) | 57.9% | 56.0% | 57.4% | 57.4% | 54.8% | 53.0% | 48.6% | 48.2% |
| █▅▃▃▄▁▁▃ | Cost of Funds (%) | 1.34% | 1.17% | 1.08% | 1.08% | 1.14% | 0.96% | 0.96% | 1.09% |
| ▆█▂▂▁▁▁▁ | NPA / Assets (%) | 0.08% | 0.11% | 0.05% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% |
| ▆█▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.18% | 0.08% | 0.07% | 0.06% | 0.04% | 0.05% | 0.04% |
| ▃▁▂▂▆█▆█ | Tang. Book Value ($M) | $23 | $21 | $22 | $23 | $25 | $27 | $26 | $27 |
| ▁▂▁▄▆█▇▇ | Gross Loans ($M) | $160 | $163 | $162 | $172 | $179 | $190 | $186 | $186 |
| ▃▄▂▁▂▄▆█ | Total Deposits ($M) | $243 | $245 | $242 | $238 | $242 | $246 | $250 | $257 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 20% |
| Agricultural | 6% |
| Consumer | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 2% |