Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.72% | +0.37 | 2.35% |
| Return on Equity (%) | ▲ | 26.82% | +4.62 | 22.20% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.22 | 4.04% |
| Efficiency Ratio (%) | ▲ | 41.64% | -5.57 | 47.21% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.59 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.06 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $286 | +46.44 | $239 |
| Gross Loans ($M) | ▲ | $224 | +21.10 | $203 |
| Loan Growth YoY (%) | ▼ | 88.46% | -7.47 | 95.93% |
| Total Deposits ($M) | ▲ | $250 | +41.15 | $209 |
| Shareholders Equity ($M) | ▲ | $29 | +3.95 | $25 |
| Tang. Book Value ($M) | ▲ | $27 | +3.58 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +3.62 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 88.46% | -7.47 | 95.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.03% | +1.64 | 0.39% |
| Allowance / Loans (%) | — | 1.13% | 0.04% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 2.59% | +2.13 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.75 | 13.75% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▇▇▇█ | Net Interest Margin (%) | 3.70% | 3.71% | 3.94% | 4.04% | 4.14% | 4.15% | 4.13% | 4.26% |
| ▂▁▃▄▅▄▆█ | Return on Assets (%) | 2.09% | 2.00% | 2.23% | 2.35% | 2.43% | 2.29% | 2.51% | 2.72% |
| ▇█▆▅▄▆▃▁ | Efficiency Ratio (%) | 50.9% | 52.6% | 49.2% | 47.2% | 46.5% | 49.7% | 45.7% | 41.6% |
| ▅█▆▆▇▁▁▄ | Cost of Funds (%) | 1.81% | 1.90% | 1.83% | 1.82% | 1.86% | 1.68% | 1.68% | 1.76% |
| ▂▂▃▁▁▃▄█ | NPA / Assets (%) | 0.76% | 0.62% | 0.83% | 0.39% | 0.58% | 0.85% | 1.08% | 2.03% |
| ▂▂▂▁▁▃▄█ | Net Charge-Off Ratio (%) | 0.89% | 0.73% | 0.96% | 0.46% | 0.70% | 1.11% | 1.45% | 2.59% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $22 | $22 | $23 | $23 | $25 | $26 | $27 | $27 |
| ▁▂▃▅▅▆▇█ | Gross Loans ($M) | $177 | $183 | $190 | $203 | $205 | $210 | $213 | $224 |
| ▁▂▂▃▃▇██ | Total Deposits ($M) | $193 | $206 | $204 | $209 | $213 | $242 | $250 | $250 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 17% |