Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.36 | 1.16% |
| Return on Equity (%) | ▲ | 15.44% | +1.83 | 13.61% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.31 | 3.60% |
| Efficiency Ratio (%) | ▲ | 62.78% | -4.63 | 67.41% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $2 |
| Cost of Funds (%) | ▲ | 1.11% | -0.21 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $634 | -0.76 | $635 |
| Gross Loans ($M) | ▲ | $400 | +11.08 | $389 |
| Loan Growth YoY (%) | ▲ | 75.63% | +5.05 | 70.58% |
| Total Deposits ($M) | ▼ | $522 | -22.12 | $545 |
| Shareholders Equity ($M) | ▲ | $64 | +8.29 | $56 |
| Tang. Book Value ($M) | ▲ | $56 | +8.35 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +8.30 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 75.63% | +5.05 | 70.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.12 | 0.09% |
| Allowance / Loans (%) | — | 1.19% | 0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.21 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.62 | 13.62% |
Noninterest income ($0.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.32% | 3.39% | 3.49% | 3.60% | 3.65% | 3.70% | 3.89% | 3.91% |
| ▁▁▃▄▄▅██ | Return on Assets (%) | 0.87% | 0.95% | 1.07% | 1.16% | 1.19% | 1.23% | 1.50% | 1.52% |
| ██▅▄▄▃▁▁ | Efficiency Ratio (%) | 74.0% | 72.7% | 68.9% | 67.4% | 67.0% | 66.1% | 62.2% | 62.8% |
| █▇▅▅▄▂▁▁ | Cost of Funds (%) | 1.51% | 1.42% | 1.31% | 1.31% | 1.28% | 1.18% | 1.14% | 1.11% |
| ▄▂▂▃▁▂▂█ | NPA / Assets (%) | 0.12% | 0.08% | 0.08% | 0.09% | 0.04% | 0.07% | 0.08% | 0.20% |
| ▄▂▂▂▁▂▂█ | Net Charge-Off Ratio (%) | 0.18% | 0.11% | 0.13% | 0.12% | 0.07% | 0.11% | 0.12% | 0.32% |
| ▂▁▂▄▆▇██ | Tang. Book Value ($M) | $46 | $42 | $45 | $48 | $52 | $54 | $55 | $56 |
| ▃▆▅▂▁▆█▆ | Gross Loans ($M) | $394 | $400 | $399 | $389 | $385 | $401 | $408 | $400 |
| ▁▄██▇▆▆▅ | Total Deposits ($M) | $498 | $519 | $542 | $545 | $536 | $531 | $531 | $522 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |