Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.10 | 1.02% |
| Return on Equity (%) | ▼ | 13.45% | -0.34 | 13.79% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.28 | 3.36% |
| Efficiency Ratio (%) | ▲ | 74.85% | -0.95 | 75.80% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 0.54% | -0.09 | 0.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $445 | +11.26 | $434 |
| Gross Loans ($M) | ▲ | $205 | +17.81 | $188 |
| Loan Growth YoY (%) | ▲ | 51.61% | +2.61 | 49.00% |
| Total Deposits ($M) | ▲ | $394 | +15.17 | $379 |
| Shareholders Equity ($M) | ▲ | $37 | +4.59 | $32 |
| Tang. Book Value ($M) | ▲ | $35 | +4.59 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +4.95 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 51.61% | +2.61 | 49.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.05 | 0.01% |
| Allowance / Loans (%) | — | 0.95% | -0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.10 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.64% | +2.34 | 25.29% |
Noninterest income ($1.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▇█ | Net Interest Margin (%) | 3.27% | 3.27% | 3.27% | 3.36% | 3.43% | 3.48% | 3.56% | 3.64% |
| ▅▆▁▅██▅█ | Return on Assets (%) | 1.02% | 1.05% | 0.91% | 1.02% | 1.11% | 1.12% | 1.01% | 1.12% |
| ▄▃█▃▁▁▄▁ | Efficiency Ratio (%) | 76.0% | 75.5% | 78.1% | 75.8% | 74.4% | 74.5% | 76.2% | 74.8% |
| ▇█▆▄▅▄▁▁ | Cost of Funds (%) | 0.70% | 0.74% | 0.68% | 0.64% | 0.65% | 0.63% | 0.57% | 0.54% |
| ▃▂▂▁▁▁▄█ | NPA / Assets (%) | 0.03% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.03% | 0.06% |
| ▃▂▂▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.04% | 0.03% | 0.03% | 0.02% | 0.07% | 0.13% |
| ▃▁▃▄▇▇██ | Tang. Book Value ($M) | $30 | $27 | $30 | $30 | $33 | $34 | $34 | $35 |
| ▁▁▃▃▆▇▆█ | Gross Loans ($M) | $181 | $179 | $186 | $188 | $196 | $201 | $196 | $205 |
| ▁▁▅▄▅▄██ | Total Deposits ($M) | $365 | $366 | $382 | $379 | $380 | $376 | $392 | $394 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 7% |
| Agricultural | 26% |
| Consumer | 2% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 4% |