Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.35% | -0.14 | 0.49% |
| Return on Equity (%) | ▼ | 5.31% | -4.52 | 9.83% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.20 | 3.22% |
| Efficiency Ratio (%) | ▼ | 92.48% | +0.93 | 91.56% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.49% | -0.14 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $300 | -7.31 | $308 |
| Gross Loans ($M) | ▼ | $184 | -5.07 | $189 |
| Loan Growth YoY (%) | ▼ | 65.65% | -2.65 | 68.30% |
| Total Deposits ($M) | ▲ | $277 | +3.18 | $274 |
| Shareholders Equity ($M) | ▲ | $20 | +4.12 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +3.86 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +3.66 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 65.65% | -2.65 | 68.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.34 | 0.51% |
| Allowance / Loans (%) | — | 0.95% | 0.08% | 0.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.61 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.80% | +0.46 | 12.34% |
Noninterest income ($3.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇▇█ | Net Interest Margin (%) | 2.82% | 2.85% | 3.13% | 3.22% | 3.26% | 3.31% | 3.32% | 3.43% |
| ▄▄▁▇▇█▃▅ | Return on Assets (%) | 0.31% | 0.32% | 0.02% | 0.49% | 0.51% | 0.63% | 0.22% | 0.35% |
| ▅▅█▂▂▁▅▃ | Efficiency Ratio (%) | 94.2% | 94.0% | 98.0% | 91.6% | 91.0% | 89.6% | 93.8% | 92.5% |
| ██▃▃▄▃▁▁ | Cost of Funds (%) | 2.03% | 1.98% | 1.65% | 1.63% | 1.74% | 1.67% | 1.52% | 1.49% |
| ▅▃██▆▁▁▂ | NPA / Assets (%) | 0.34% | 0.23% | 0.55% | 0.51% | 0.40% | 0.11% | 0.12% | 0.17% |
| ▅▃█▇▆▁▁▁ | Net Charge-Off Ratio (%) | 0.59% | 0.39% | 0.94% | 0.84% | 0.65% | 0.17% | 0.15% | 0.23% |
| ▄▁▂▃▇███ | Tang. Book Value ($M) | $14 | $11 | $12 | $13 | $16 | $17 | $17 | $17 |
| ▁▂▂▆▇█▅▅ | Gross Loans ($M) | $172 | $176 | $175 | $189 | $190 | $195 | $183 | $184 |
| ▁▃▆▅▅▆█▆ | Total Deposits ($M) | $253 | $264 | $280 | $274 | $276 | $277 | $290 | $277 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 8% |
| Agricultural | 19% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 13% |