Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.56% | -0.02 | 1.57% |
| Return on Equity (%) | ▼ | 18.30% | -1.99 | 20.29% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.19 | 4.36% |
| Efficiency Ratio (%) | ▼ | 72.31% | +0.96 | 71.35% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 0.78% | -0.07 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $584 | +16.69 | $567 |
| Gross Loans ($M) | ▲ | $398 | +38.42 | $359 |
| Loan Growth YoY (%) | ▲ | 74.26% | +5.81 | 68.45% |
| Total Deposits ($M) | ▲ | $529 | +10.61 | $519 |
| Shareholders Equity ($M) | ▲ | $50 | +5.90 | $44 |
| Tang. Book Value ($M) | ▲ | $48 | +5.90 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +6.37 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 74.26% | +5.81 | 68.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.13% | -0.02% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.15% | -0.78 | 17.93% |
Noninterest income ($2.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▄▅▅█ | Net Interest Margin (%) | 4.20% | 4.25% | 4.29% | 4.36% | 4.37% | 4.40% | 4.41% | 4.55% |
| ▂▁▁█▅█▃▇ | Return on Assets (%) | 1.46% | 1.44% | 1.44% | 1.57% | 1.51% | 1.57% | 1.48% | 1.56% |
| ▂▅▇▁▄▂█▄ | Efficiency Ratio (%) | 71.8% | 72.6% | 73.3% | 71.4% | 72.2% | 71.7% | 73.6% | 72.3% |
| ▅█▅▄▅▆▁▁ | Cost of Funds (%) | 0.88% | 0.94% | 0.87% | 0.85% | 0.86% | 0.89% | 0.79% | 0.78% |
| ████▁█▇▇ | NPA / Assets (%) | 0.04% | 0.04% | 0.03% | 0.03% | 0.00% | 0.04% | 0.03% | 0.03% |
| ████▁█▇▇ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.05% | 0.05% | 0.00% | 0.06% | 0.05% | 0.05% |
| ▄▁▃▃▇███ | Tang. Book Value ($M) | $43 | $39 | $41 | $42 | $46 | $47 | $47 | $48 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $355 | $356 | $353 | $359 | $365 | $373 | $384 | $398 |
| ▁▂▅▆████ | Total Deposits ($M) | $481 | $492 | $511 | $519 | $531 | $531 | $528 | $529 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 5% |