Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.23 | 0.88% |
| Return on Equity (%) | ▲ | 9.65% | +1.93 | 7.72% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.13 | 3.40% |
| Efficiency Ratio (%) | ▲ | 57.12% | -9.14 | 66.26% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.94 | $1 |
| Cost of Funds (%) | ▲ | 2.66% | -0.21 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $392 | +18.06 | $374 |
| Gross Loans ($M) | ▲ | $313 | +21.86 | $291 |
| Loan Growth YoY (%) | ▼ | 90.48% | -1.35 | 91.84% |
| Total Deposits ($M) | ▲ | $341 | +28.75 | $312 |
| Shareholders Equity ($M) | ▼ | $42 | -1.27 | $43 |
| Tang. Book Value ($M) | ▼ | $42 | -1.27 | $43 |
| TBV excl. AOCI ($M)** | ▼ | $44 | -1.26 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 90.48% | -1.35 | 91.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.50% | +1.66 | 1.83% |
| Allowance / Loans (%) | — | 1.52% | -0.09% | 1.62% |
| Net Charge-Off Ratio (%) | ▼ | 4.14% | +1.78 | 2.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆█▇ | Net Interest Margin (%) | 3.34% | 3.33% | 3.34% | 3.40% | 3.44% | 3.49% | 3.58% | 3.54% |
| ▁▁▂▄▄▄▂█ | Return on Assets (%) | 0.72% | 0.71% | 0.81% | 0.88% | 0.88% | 0.90% | 0.78% | 1.11% |
| ██▆▅▅▄▅▁ | Efficiency Ratio (%) | 71.9% | 71.9% | 68.1% | 66.3% | 64.6% | 64.5% | 66.0% | 57.1% |
| ██▄▄▂▃▁▁ | Cost of Funds (%) | 3.15% | 3.18% | 2.88% | 2.87% | 2.78% | 2.81% | 2.68% | 2.66% |
| ▃▃▁▅▆▅██ | NPA / Assets (%) | 1.30% | 1.00% | 0.15% | 1.83% | 2.44% | 2.08% | 3.10% | 3.50% |
| ▄▃▁▅▆▅▇█ | Net Charge-Off Ratio (%) | 1.73% | 1.27% | 0.21% | 2.36% | 3.09% | 2.26% | 3.62% | 4.14% |
| ▁▁▃▆█▇█▃ | Tang. Book Value ($M) | $41 | $42 | $42 | $43 | $44 | $44 | $45 | $42 |
| ▂▂▁▄▅▇▆█ | Gross Loans ($M) | $283 | $285 | $277 | $291 | $298 | $306 | $303 | $313 |
| ▃▁▃▃▄▁▆█ | Total Deposits ($M) | $310 | $296 | $313 | $312 | $314 | $301 | $325 | $341 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 19% |
| Agricultural | 27% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 16% |