Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.61% | -0.19 | 1.80% |
| Return on Equity (%) | ▼ | 17.47% | -6.09 | 23.56% |
| Net Interest Margin (%) | ▼ | 3.82% | -0.07 | 3.89% |
| Efficiency Ratio (%) | ▼ | 61.86% | +4.38 | 57.48% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.29% | -0.21 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $309 | +4.75 | $305 |
| Gross Loans ($M) | ▼ | $121 | -9.36 | $130 |
| Loan Growth YoY (%) | ▼ | 42.19% | -3.43 | 45.63% |
| Total Deposits ($M) | ▲ | $281 | +0.79 | $280 |
| Shareholders Equity ($M) | ▲ | $28 | +4.05 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +4.05 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +4.83 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 42.19% | -3.43 | 45.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.07 | 0.45% |
| Allowance / Loans (%) | — | 1.74% | 0.07% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.98% | -0.05 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▇█▇▃ | Net Interest Margin (%) | 3.76% | 3.75% | 3.91% | 3.89% | 3.92% | 3.96% | 3.92% | 3.82% |
| ▁▂██▇▇▄▅ | Return on Assets (%) | 1.35% | 1.43% | 1.83% | 1.80% | 1.72% | 1.74% | 1.58% | 1.61% |
| ▂▁▁▂▄▄█▇ | Efficiency Ratio (%) | 57.2% | 57.1% | 56.2% | 57.5% | 59.5% | 59.6% | 63.1% | 61.9% |
| ██▆▄▂▁▁▁ | Cost of Funds (%) | 1.75% | 1.74% | 1.62% | 1.50% | 1.40% | 1.29% | 1.28% | 1.29% |
| ▇█▁▂▄▅▁▁ | NPA / Assets (%) | 0.81% | 0.96% | 0.31% | 0.45% | 0.62% | 0.70% | 0.38% | 0.38% |
| ▇█▁▂▄▅▂▂ | Net Charge-Off Ratio (%) | 1.97% | 2.31% | 0.78% | 1.03% | 1.39% | 1.70% | 1.06% | 0.98% |
| ▂▁▃▁▄▇█▆ | Tang. Book Value ($M) | $25 | $24 | $25 | $24 | $27 | $29 | $29 | $28 |
| ▇█▆▆▅▃▁▂ | Gross Loans ($M) | $132 | $136 | $130 | $130 | $128 | $124 | $117 | $121 |
| ▇██▃▁▁▇▄ | Total Deposits ($M) | $295 | $301 | $303 | $280 | $267 | $271 | $294 | $281 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 11% |