Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.01 | 1.57% |
| Return on Equity (%) | ▼ | 18.15% | -1.56 | 19.71% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.13 | 4.17% |
| Efficiency Ratio (%) | ▲ | 55.14% | -0.31 | 55.45% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.28 | $3 |
| Cost of Funds (%) | ▲ | 1.91% | -0.29 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $548 | +40.37 | $508 |
| Gross Loans ($M) | ▲ | $412 | +33.56 | $379 |
| Loan Growth YoY (%) | ▲ | 82.33% | +1.40 | 80.93% |
| Total Deposits ($M) | ▲ | $495 | +32.49 | $463 |
| Shareholders Equity ($M) | ▲ | $49 | +8.06 | $41 |
| Tang. Book Value ($M) | ▲ | $49 | +8.06 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +8.96 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 82.33% | +1.40 | 80.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.01 | 0.39% |
| Allowance / Loans (%) | — | 1.07% | -0.00% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.13 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.07% | +0.95 | 14.12% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▁▄▆▆▆█ | Net Interest Margin (%) | 4.27% | 4.27% | 4.06% | 4.17% | 4.22% | 4.22% | 4.22% | 4.30% |
| ▃▁▃█▇▁▅█ | Return on Assets (%) | 1.40% | 1.34% | 1.41% | 1.57% | 1.54% | 1.33% | 1.48% | 1.58% |
| ██▅▁▃▄▃▁ | Efficiency Ratio (%) | 60.1% | 60.5% | 57.8% | 55.5% | 56.6% | 57.3% | 57.0% | 55.1% |
| ▇█▆▅▂▂▁▁ | Cost of Funds (%) | 2.32% | 2.41% | 2.26% | 2.21% | 2.04% | 2.03% | 1.97% | 1.91% |
| ▁▁▁▂█▇▃▂ | NPA / Assets (%) | 0.19% | 0.31% | 0.22% | 0.39% | 1.48% | 1.20% | 0.56% | 0.41% |
| ▁▁▁▂█▄▂▁ | Net Charge-Off Ratio (%) | 0.16% | 0.38% | 0.25% | 0.48% | 1.97% | 0.84% | 0.42% | 0.35% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $37 | $37 | $39 | $41 | $44 | $45 | $47 | $49 |
| ▁▂▃▅▅▅▆█ | Gross Loans ($M) | $344 | $356 | $365 | $379 | $383 | $384 | $390 | $412 |
| ▁▁▃▅▆▇██ | Total Deposits ($M) | $428 | $430 | $449 | $463 | $471 | $486 | $487 | $495 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 18% |