Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.26 | 0.30% |
| Return on Equity (%) | ▲ | 6.43% | +2.36 | 4.07% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.38 | 2.82% |
| Efficiency Ratio (%) | ▲ | 78.23% | -8.49 | 86.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $1 |
| Cost of Funds (%) | ▲ | 1.59% | -0.19 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $449 | +17.81 | $431 |
| Gross Loans ($M) | ▲ | $261 | +34.92 | $226 |
| Loan Growth YoY (%) | ▲ | 67.66% | +8.72 | 58.94% |
| Total Deposits ($M) | ▲ | $380 | +2.66 | $377 |
| Shareholders Equity ($M) | ▲ | $39 | +4.78 | $34 |
| Tang. Book Value ($M) | ▲ | $39 | +4.78 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +4.02 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 67.66% | +8.72 | 58.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.08 | 0.05% |
| Allowance / Loans (%) | — | 1.31% | -0.10% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.13 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.19% | -0.89 | 17.08% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.33% | 2.40% | 2.74% | 2.82% | 2.88% | 2.93% | 3.10% | 3.19% |
| ▅▃▁▃▅▆██ | Return on Assets (%) | 0.39% | 0.34% | 0.20% | 0.30% | 0.40% | 0.45% | 0.53% | 0.56% |
| ▅▆█▆▄▃▂▁ | Efficiency Ratio (%) | 85.3% | 87.4% | 90.5% | 86.7% | 83.5% | 82.0% | 81.0% | 78.2% |
| ██▅▅▆▆▂▁ | Cost of Funds (%) | 1.91% | 1.92% | 1.78% | 1.78% | 1.82% | 1.82% | 1.67% | 1.59% |
| ▁▁▁▄▄▄██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.05% | 0.06% | 0.06% | 0.13% | 0.13% |
| ▁▁▁▄▅▄██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.09% | 0.12% | 0.11% | 0.24% | 0.22% |
| ▅▁▂▄▆█▇█ | Tang. Book Value ($M) | $35 | $30 | $32 | $34 | $36 | $39 | $37 | $39 |
| ▁▁▁▂▄▃▄█ | Gross Loans ($M) | $216 | $220 | $218 | $226 | $237 | $229 | $234 | $261 |
| ▁▆▇▄██▅▄ | Total Deposits ($M) | $361 | $385 | $394 | $377 | $400 | $395 | $383 | $380 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 15% |
| Agricultural | 6% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 8% |