Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.43 | 1.27% |
| Return on Equity (%) | ▲ | 25.23% | +3.00 | 22.23% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.43 | 3.29% |
| Efficiency Ratio (%) | ▲ | 51.06% | -7.99 | 59.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $2 |
| Cost of Funds (%) | ▲ | 1.83% | -0.21 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $429 | +39.57 | $389 |
| Gross Loans ($M) | ▲ | $299 | +32.74 | $266 |
| Loan Growth YoY (%) | ▲ | 75.04% | +0.16 | 74.88% |
| Total Deposits ($M) | ▲ | $393 | +42.19 | $351 |
| Shareholders Equity ($M) | ▲ | $29 | +5.43 | $23 |
| Tang. Book Value ($M) | ▲ | $29 | +5.68 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +5.93 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 75.04% | +0.16 | 74.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.54 | 0.12% |
| Allowance / Loans (%) | — | 1.17% | 0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.95% | +0.78 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.96% | -0.10 | 13.06% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 2.81% | 2.87% | 3.10% | 3.29% | 3.38% | 3.45% | 3.65% | 3.72% |
| ▁▁▃▅▅▆██ | Return on Assets (%) | 0.84% | 0.86% | 1.15% | 1.27% | 1.36% | 1.39% | 1.66% | 1.70% |
| ██▅▄▄▃▁▁ | Efficiency Ratio (%) | 68.2% | 67.6% | 61.0% | 59.1% | 57.9% | 56.8% | 52.8% | 51.1% |
| ██▆▄▃▁▁▁ | Cost of Funds (%) | 2.29% | 2.24% | 2.12% | 2.04% | 1.97% | 1.86% | 1.84% | 1.83% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.14% | 0.09% | 0.12% | 0.12% | 0.12% | 0.11% | 0.72% | 0.66% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.21% | 0.14% | 0.18% | 0.17% | 0.18% | 0.16% | 1.02% | 0.95% |
| ▃▁▂▃▆█▇█ | Tang. Book Value ($M) | $23 | $21 | $22 | $23 | $26 | $28 | $27 | $29 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $255 | $259 | $259 | $266 | $271 | $274 | $287 | $299 |
| ▁▁▂▂▃▅▅█ | Total Deposits ($M) | $344 | $349 | $351 | $351 | $359 | $372 | $371 | $393 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |