Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.30 | 0.69% |
| Return on Equity (%) | ▲ | 9.14% | +2.01 | 7.13% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.79 | 2.69% |
| Efficiency Ratio (%) | ▲ | 65.68% | -6.63 | 72.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.51 | $1 |
| Cost of Funds (%) | ▲ | 1.22% | -0.34 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $318 | -2.62 | $321 |
| Gross Loans ($M) | ▲ | $184 | +28.80 | $155 |
| Loan Growth YoY (%) | ▲ | 64.69% | +11.36 | 53.33% |
| Total Deposits ($M) | ▼ | $281 | -5.80 | $287 |
| Shareholders Equity ($M) | ▲ | $35 | +2.93 | $32 |
| Tang. Book Value ($M) | ▲ | $35 | +2.93 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.84 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 64.69% | +11.36 | 53.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.04% | -0.18% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅▇█ | Net Interest Margin (%) | 2.24% | 2.29% | 2.56% | 2.69% | 2.82% | 2.92% | 3.32% | 3.48% |
| ▁▂▃▄▄▅▆█ | Return on Assets (%) | 0.45% | 0.56% | 0.63% | 0.69% | 0.71% | 0.74% | 0.80% | 0.99% |
| █▆▄▄▄▄▃▁ | Efficiency Ratio (%) | 80.4% | 76.0% | 72.8% | 72.3% | 72.2% | 71.7% | 71.0% | 65.7% |
| ██▇▇▅▃▁▁ | Cost of Funds (%) | 1.65% | 1.65% | 1.53% | 1.55% | 1.47% | 1.30% | 1.17% | 1.22% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% | 0.01% |
| ▁▁▁▁▁█▃▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.01% | 0.01% |
| ▂▁▃▅▇▇▇█ | Tang. Book Value ($M) | $30 | $29 | $31 | $32 | $34 | $34 | $34 | $35 |
| ▂▂▁▁▃▃▅█ | Gross Loans ($M) | $159 | $157 | $153 | $155 | $162 | $163 | $169 | $184 |
| ▂▂█▇▃▁█▄ | Total Deposits ($M) | $275 | $275 | $288 | $287 | $277 | $271 | $290 | $281 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |