Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.88% | +0.61 | 1.27% |
| Return on Equity (%) | ▲ | 21.99% | +4.71 | 17.28% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.45 | 3.79% |
| Efficiency Ratio (%) | ▲ | 57.54% | -9.23 | 66.77% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.62 | $2 |
| Cost of Funds (%) | ▲ | 2.12% | -0.16 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $429 | +17.15 | $412 |
| Gross Loans ($M) | ▲ | $323 | +25.27 | $298 |
| Loan Growth YoY (%) | ▲ | 82.65% | +3.85 | 78.80% |
| Total Deposits ($M) | ▲ | $386 | +12.72 | $373 |
| Shareholders Equity ($M) | ▲ | $37 | +7.15 | $30 |
| Tang. Book Value ($M) | ▲ | $37 | +7.15 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +6.97 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 82.65% | +3.85 | 78.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.20% | +0.05 | 1.14% |
| Allowance / Loans (%) | — | 1.31% | 0.02% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 1.59% | +0.01 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.69% | +0.62 | 14.07% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.38% | 3.45% | 3.66% | 3.79% | 3.90% | 3.98% | 4.18% | 4.24% |
| ▁▁▂▃▄▄██ | Return on Assets (%) | 0.94% | 1.00% | 1.08% | 1.27% | 1.38% | 1.40% | 1.78% | 1.88% |
| ██▇▅▄▄▁▁ | Efficiency Ratio (%) | 72.7% | 71.7% | 69.7% | 66.8% | 65.1% | 64.4% | 58.5% | 57.5% |
| ██▅▄▄▂▁▁ | Cost of Funds (%) | 2.54% | 2.50% | 2.32% | 2.28% | 2.26% | 2.19% | 2.08% | 2.12% |
| ██▅▃▁▇▄▅ | NPA / Assets (%) | 1.29% | 1.29% | 1.20% | 1.14% | 1.06% | 1.26% | 1.17% | 1.20% |
| ██▆▄▁▆▄▄ | Net Charge-Off Ratio (%) | 1.77% | 1.79% | 1.66% | 1.58% | 1.44% | 1.67% | 1.60% | 1.59% |
| ▂▁▁▁▅▆██ | Tang. Book Value ($M) | $31 | $29 | $30 | $30 | $34 | $35 | $37 | $37 |
| ▁▁▁▂▄▇▇█ | Gross Loans ($M) | $292 | $290 | $292 | $298 | $305 | $316 | $318 | $323 |
| ▁▁▂▄▄▄█▇ | Total Deposits ($M) | $361 | $364 | $368 | $373 | $373 | $375 | $391 | $386 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |