Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.14 | 0.94% |
| Return on Equity (%) | ▼ | 9.71% | -3.26 | 12.97% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.17 | 3.69% |
| Efficiency Ratio (%) | ▼ | 73.32% | +3.15 | 70.17% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.03 | $2 |
| Cost of Funds (%) | ▲ | 1.84% | -0.03 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $723 | +15.18 | $708 |
| Gross Loans ($M) | ▲ | $557 | +23.53 | $534 |
| Loan Growth YoY (%) | ▲ | 88.05% | +2.88 | 85.16% |
| Total Deposits ($M) | ▲ | $627 | +6.45 | $621 |
| Shareholders Equity ($M) | ▲ | $60 | +7.96 | $52 |
| Tang. Book Value ($M) | ▲ | $58 | +7.87 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +8.12 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 88.05% | +2.88 | 85.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.11 | 0.03% |
| Allowance / Loans (%) | — | 0.90% | -0.05% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.14 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.40% | +0.78 | 10.62% |
Noninterest income ($1.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇███ | Net Interest Margin (%) | 3.32% | 3.38% | 3.59% | 3.69% | 3.75% | 3.79% | 3.85% | 3.86% |
| ▃▁▃▆▇█▁▃ | Return on Assets (%) | 0.80% | 0.61% | 0.78% | 0.94% | 0.99% | 1.11% | 0.63% | 0.80% |
| ▄█▆▃▁▁█▅ | Efficiency Ratio (%) | 72.8% | 78.3% | 74.5% | 70.2% | 68.7% | 67.3% | 77.4% | 73.3% |
| █▆▃▁▂▂▁▁ | Cost of Funds (%) | 2.15% | 2.06% | 1.93% | 1.87% | 1.90% | 1.89% | 1.85% | 1.84% |
| ▁▁▁▁█▁▂▂ | NPA / Assets (%) | 0.03% | 0.03% | 0.05% | 0.03% | 0.50% | 0.03% | 0.09% | 0.14% |
| ▁▁▁▁█▁▂▂ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.07% | 0.04% | 0.66% | 0.04% | 0.13% | 0.18% |
| ▂▁▂▄▆▇██ | Tang. Book Value ($M) | $48 | $44 | $47 | $50 | $53 | $56 | $57 | $58 |
| ▁▁▁▅▇▆▇█ | Gross Loans ($M) | $505 | $510 | $510 | $534 | $549 | $539 | $547 | $557 |
| ▁▂▁▇█▇██ | Total Deposits ($M) | $586 | $594 | $590 | $621 | $628 | $623 | $631 | $627 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |