Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.48 | 1.27% |
| Return on Equity (%) | ▲ | 16.51% | +2.91 | 13.60% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.01 | 3.04% |
| Efficiency Ratio (%) | ▲ | 52.85% | -7.78 | 60.63% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 1.70% | -0.00 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $461 | +28.73 | $432 |
| Gross Loans ($M) | ▲ | $231 | +15.44 | $216 |
| Loan Growth YoY (%) | ▲ | 56.63% | +1.14 | 55.49% |
| Total Deposits ($M) | ▲ | $404 | +19.83 | $384 |
| Shareholders Equity ($M) | ▲ | $50 | +8.02 | $42 |
| Tang. Book Value ($M) | ▲ | $49 | +8.06 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +6.68 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 56.63% | +1.14 | 55.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.27 | 0.30% |
| Allowance / Loans (%) | — | 1.03% | -0.15% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.54 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.06% | +3.17 | 16.89% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▄▄▇█▁▄ | Net Interest Margin (%) | 2.98% | 3.04% | 3.03% | 3.04% | 3.10% | 3.12% | 2.98% | 3.05% |
| ▄▁▁▁▂▄▄█ | Return on Assets (%) | 1.43% | 1.25% | 1.22% | 1.27% | 1.34% | 1.44% | 1.43% | 1.75% |
| ▄▃█▇▇▅▄▁ | Efficiency Ratio (%) | 57.1% | 55.4% | 62.0% | 60.6% | 59.7% | 57.5% | 56.7% | 52.8% |
| ▃▁▄▅█▆▆▅ | Cost of Funds (%) | 1.59% | 1.49% | 1.63% | 1.70% | 1.84% | 1.75% | 1.73% | 1.70% |
| ▁▁█▆▅▁▁▁ | NPA / Assets (%) | 0.02% | 0.05% | 0.43% | 0.30% | 0.25% | 0.01% | 0.02% | 0.02% |
| ▁▁█▆▅▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.09% | 0.81% | 0.59% | 0.48% | 0.02% | 0.05% | 0.05% |
| ▃▁▂▃▅▆▇█ | Tang. Book Value ($M) | $40 | $36 | $39 | $41 | $44 | $46 | $47 | $49 |
| ▁▃▄▂▄▇█▇ | Gross Loans ($M) | $213 | $220 | $221 | $216 | $222 | $230 | $235 | $231 |
| ▁▃▃▅▂▅██ | Total Deposits ($M) | $361 | $374 | $373 | $384 | $369 | $384 | $406 | $404 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 2% |