Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.35 | 1.33% |
| Return on Equity (%) | ▲ | 13.37% | +1.45 | 11.92% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.25 | 3.85% |
| Efficiency Ratio (%) | ▲ | 63.16% | -1.07 | 64.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.46 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.18 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $621 | -5.45 | $627 |
| Gross Loans ($M) | ▼ | $447 | -6.56 | $453 |
| Loan Growth YoY (%) | ▼ | 88.46% | -1.28 | 89.74% |
| Total Deposits ($M) | ▼ | $498 | -0.29 | $498 |
| Shareholders Equity ($M) | ▲ | $79 | +7.20 | $72 |
| Tang. Book Value ($M) | ▲ | $72 | +7.15 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +6.96 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 88.46% | -1.28 | 89.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.55 | 1.00% |
| Allowance / Loans (%) | — | 1.44% | 0.03% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.62% | -0.76 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.45% | +1.51 | 13.94% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▆▇▇█ | Net Interest Margin (%) | 3.38% | 3.44% | 3.70% | 3.85% | 3.91% | 3.95% | 3.98% | 4.10% |
| ▁▁▁▃▆▆▆█ | Return on Assets (%) | 1.12% | 1.14% | 1.13% | 1.33% | 1.52% | 1.48% | 1.53% | 1.68% |
| ▇█▂▄▁▃▅▂ | Efficiency Ratio (%) | 66.6% | 67.8% | 63.4% | 64.2% | 62.0% | 64.0% | 65.6% | 63.2% |
| █▅▄▃▅▃▂▁ | Cost of Funds (%) | 2.16% | 1.92% | 1.80% | 1.75% | 1.89% | 1.73% | 1.68% | 1.57% |
| ▁▁███▇▅▄ | NPA / Assets (%) | 0.00% | 0.00% | 1.03% | 1.00% | 0.99% | 0.87% | 0.63% | 0.45% |
| ▁▁███▇▅▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 1.43% | 1.38% | 1.36% | 1.19% | 0.86% | 0.62% |
| ▂▁▃▄▆▇▇█ | Tang. Book Value ($M) | $61 | $59 | $63 | $65 | $68 | $70 | $70 | $72 |
| ▁▁▁▆██▃▃ | Gross Loans ($M) | $441 | $442 | $441 | $453 | $457 | $458 | $446 | $447 |
| ▅▂▅▂█▁█▂ | Total Deposits ($M) | $507 | $498 | $507 | $498 | $516 | $495 | $515 | $498 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 20% |
| Agricultural | 25% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 19% |