Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.74% | +1.96 | 1.78% |
| Return on Equity (%) | ▲ | 18.45% | +8.32 | 10.13% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.28 | 4.38% |
| Efficiency Ratio (%) | ▲ | 36.31% | -16.90 | 53.22% |
| Pre-Provision Profit ($M) | ▲ | $11 | +7.70 | $4 |
| Cost of Funds (%) | ▲ | 0.21% | -0.26 | 0.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $670 | +19.73 | $651 |
| Gross Loans ($M) | ▼ | $269 | -34.41 | $304 |
| Loan Growth YoY (%) | ▼ | 54.28% | -8.49 | 62.77% |
| Total Deposits ($M) | ▲ | $489 | +11.33 | $478 |
| Shareholders Equity ($M) | ▲ | $140 | +21.05 | $119 |
| Tang. Book Value ($M) | ▲ | $140 | +21.05 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $157 | +23.65 | $133 |
| Loan / Deposit Ratio (%) | ▼ | 54.28% | -8.49 | 62.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.40% | 0.16% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.06 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($8.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 4.29% | 4.32% | 4.32% | 4.38% | 4.43% | 4.48% | 4.55% | 4.65% |
| ▁▂▁▁▁▂▁█ | Return on Assets (%) | 1.73% | 1.91% | 1.62% | 1.78% | 1.77% | 1.97% | 1.75% | 3.74% |
| ▆▆█▇▇▆█▁ | Efficiency Ratio (%) | 50.9% | 50.9% | 55.8% | 53.2% | 53.0% | 51.0% | 57.3% | 36.3% |
| █▆▆▆▅▁▁▁ | Cost of Funds (%) | 0.57% | 0.46% | 0.47% | 0.48% | 0.41% | 0.24% | 0.22% | 0.21% |
| █▁▁▁▁▄▄▃ | NPA / Assets (%) | 0.09% | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% | 0.05% | 0.04% |
| █▁▁▁▁▅▅▄ | Net Charge-Off Ratio (%) | 0.16% | 0.03% | 0.03% | 0.02% | 0.04% | 0.10% | 0.10% | 0.08% |
| ▂▁▂▂▄▅▅█ | Tang. Book Value ($M) | $119 | $113 | $118 | $119 | $126 | $128 | $128 | $140 |
| █▇▆▅▄▂▁▁ | Gross Loans ($M) | $335 | $326 | $314 | $304 | $292 | $281 | $265 | $269 |
| ██▇▁▅▁▅▅ | Total Deposits ($M) | $495 | $496 | $492 | $478 | $489 | $480 | $488 | $489 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 26% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 68% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 3% |