Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.00% | +1.51 | 1.49% |
| Return on Equity (%) | ▲ | 41.89% | +18.81 | 23.08% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.33 | 3.50% |
| Efficiency Ratio (%) | ▲ | 43.49% | -18.42 | 61.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.35 | $2 |
| Cost of Funds (%) | ▲ | 1.46% | -0.33 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $531 | +9.10 | $522 |
| Gross Loans ($M) | ▲ | $267 | +11.42 | $255 |
| Loan Growth YoY (%) | ▲ | 53.94% | +1.81 | 52.14% |
| Total Deposits ($M) | ▲ | $487 | +2.93 | $484 |
| Shareholders Equity ($M) | ▲ | $41 | +6.27 | $35 |
| Tang. Book Value ($M) | ▲ | $31 | +6.32 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +5.59 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 53.94% | +1.81 | 52.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.05% | +0.14 | 0.90% |
| Allowance / Loans (%) | — | 1.64% | 0.36% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.09 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.52% | +0.64 | 14.88% |
Noninterest income ($1.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▁▁▁▁▄█ | Net Interest Margin (%) | 3.67% | 3.59% | 3.46% | 3.50% | 3.46% | 3.47% | 3.60% | 3.83% |
| ▂▂▁▁▁▁█▆ | Return on Assets (%) | 1.93% | 1.90% | 1.60% | 1.49% | 1.50% | 1.63% | 3.54% | 3.00% |
| ▇▇▇██▇▁▂ | Efficiency Ratio (%) | 56.1% | 57.2% | 58.9% | 61.9% | 60.6% | 56.9% | 38.4% | 43.5% |
| ██▇▆▅▃▁▁ | Cost of Funds (%) | 1.93% | 1.96% | 1.84% | 1.79% | 1.72% | 1.63% | 1.45% | 1.46% |
| ▄▃▁▁██▂▄ | NPA / Assets (%) | 1.02% | 0.99% | 0.91% | 0.90% | 1.16% | 1.19% | 0.96% | 1.05% |
| ██▁▁▂▃▁▁ | Net Charge-Off Ratio (%) | 2.06% | 1.91% | 0.31% | 0.28% | 0.65% | 0.79% | 0.26% | 0.37% |
| ▂▁▃▃▅▄██ | Tang. Book Value ($M) | $25 | $23 | $25 | $25 | $27 | $27 | $30 | $31 |
| ▁█▁▁▄█▆▇ | Gross Loans ($M) | $254 | $270 | $255 | $255 | $261 | $269 | $265 | $267 |
| ▁▃▄▅▇█▇▅ | Total Deposits ($M) | $438 | $458 | $476 | $484 | $503 | $517 | $505 | $487 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 7% |
| Agricultural | 35% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 20% |