Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.26 | 0.36% |
| Return on Equity (%) | ▲ | 6.38% | +2.67 | 3.71% |
| Net Interest Margin (%) | ▲ | 2.89% | +0.58 | 2.31% |
| Efficiency Ratio (%) | ▲ | 77.90% | -6.05 | 83.95% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.00 | $1 |
| Cost of Funds (%) | ▲ | 2.14% | -0.33 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $841 | +118.72 | $722 |
| Gross Loans ($M) | ▼ | $602 | -7.38 | $609 |
| Loan Growth YoY (%) | ▼ | 82.56% | -15.58 | 98.14% |
| Total Deposits ($M) | ▲ | $719 | +106.49 | $613 |
| Shareholders Equity ($M) | ▲ | $84 | +13.69 | $71 |
| Tang. Book Value ($M) | ▲ | $78 | +8.72 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +13.38 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 82.56% | -15.58 | 98.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Allowance / Loans (%) | — | 1.27% | 0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.06 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.27% | +0.78 | 12.49% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.08% | 2.08% | 2.19% | 2.31% | 2.42% | 2.50% | 2.68% | 2.89% |
| ▁▁▁▂▄▅▄█ | Return on Assets (%) | 0.27% | 0.30% | 0.27% | 0.36% | 0.44% | 0.49% | 0.43% | 0.63% |
| ██▇▅▃▂▄▁ | Efficiency Ratio (%) | 88.6% | 88.4% | 87.1% | 84.0% | 81.1% | 79.3% | 82.7% | 77.9% |
| ██▆▄▂▂▂▁ | Cost of Funds (%) | 2.93% | 2.87% | 2.66% | 2.47% | 2.31% | 2.28% | 2.33% | 2.14% |
| ▁▁▇▁▁▇▇█ | NPA / Assets (%) | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.04% | 0.04% | 0.05% |
| ▁▁▆▁▁▆▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.05% | 0.05% | 0.07% |
| ▄▄▄▃▄▁▁█ | Tang. Book Value ($M) | $69 | $71 | $70 | $69 | $70 | $65 | $64 | $78 |
| █▅▄▃▄▁▁▂ | Gross Loans ($M) | $648 | $624 | $612 | $609 | $612 | $588 | $590 | $602 |
| ▄▄▃▂▂▂▁█ | Total Deposits ($M) | $646 | $653 | $624 | $613 | $604 | $608 | $588 | $719 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |