Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.33 | 0.75% |
| Return on Equity (%) | ▲ | 14.97% | +2.71 | 12.26% |
| Net Interest Margin (%) | ▼ | 4.04% | -0.02 | 4.06% |
| Efficiency Ratio (%) | ▲ | 71.11% | -5.27 | 76.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $0 |
| Cost of Funds (%) | ▼ | 1.28% | +0.08 | 1.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $138 | -0.97 | $139 |
| Gross Loans ($M) | ▲ | $93 | +0.30 | $92 |
| Loan Growth YoY (%) | ▲ | 72.57% | +1.49 | 71.09% |
| Total Deposits ($M) | ▼ | $126 | -2.28 | $129 |
| Shareholders Equity ($M) | ▲ | $10 | +1.97 | $8 |
| Tang. Book Value ($M) | ▲ | $10 | +1.97 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $12 | +1.74 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 72.57% | +1.49 | 71.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.13 | 0.09% |
| Allowance / Loans (%) | — | 0.88% | 0.04% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.05 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.27 | 12.27% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▃▇██▂▆ | Net Interest Margin (%) | 3.78% | 3.93% | 3.91% | 4.06% | 4.09% | 4.13% | 3.84% | 4.04% |
| ▄▅▂▄▄▅▁█ | Return on Assets (%) | 0.81% | 0.87% | 0.66% | 0.75% | 0.78% | 0.84% | 0.55% | 1.08% |
| ▃▁▆▅▄▃█▁ | Efficiency Ratio (%) | 73.7% | 72.0% | 78.4% | 76.4% | 75.4% | 74.0% | 80.9% | 71.1% |
| ▆▁▅▅▆▄█▆ | Cost of Funds (%) | 1.27% | 1.01% | 1.20% | 1.20% | 1.25% | 1.16% | 1.38% | 1.28% |
| ▂▁▂▃▁▂██ | NPA / Assets (%) | 0.07% | 0.03% | 0.06% | 0.09% | 0.04% | 0.06% | 0.20% | 0.22% |
| ▃▁▂▃▁▂█▂ | Net Charge-Off Ratio (%) | 0.12% | 0.04% | 0.08% | 0.13% | 0.05% | 0.09% | 0.29% | 0.08% |
| ▂▁▂▂▅▇▇█ | Tang. Book Value ($M) | $8 | $8 | $8 | $8 | $9 | $10 | $10 | $10 |
| ▁▂▄▇███▇ | Gross Loans ($M) | $84 | $85 | $89 | $92 | $94 | $94 | $94 | $93 |
| ▁▁▁▄▄█▄▂ | Total Deposits ($M) | $125 | $124 | $125 | $129 | $129 | $135 | $128 | $126 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 11% |