Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.05 | 0.97% |
| Return on Equity (%) | ▼ | 9.16% | -0.27 | 9.43% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.04 | 4.22% |
| Efficiency Ratio (%) | ▼ | 75.25% | +0.07 | 75.17% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▼ | 0.93% | +0.12 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $395 | +18.59 | $377 |
| Gross Loans ($M) | ▲ | $298 | +9.85 | $288 |
| Loan Growth YoY (%) | ▼ | 84.36% | -1.21 | 85.56% |
| Total Deposits ($M) | ▲ | $349 | +16.21 | $333 |
| Shareholders Equity ($M) | ▲ | $44 | +4.95 | $39 |
| Tang. Book Value ($M) | ▲ | $43 | +4.99 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +4.74 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 84.36% | -1.21 | 85.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.04 | 0.27% |
| Allowance / Loans (%) | — | 1.29% | 0.02% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.06 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.41% | +1.08 | 15.33% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆█▅▆ | Net Interest Margin (%) | 4.11% | 4.15% | 4.15% | 4.22% | 4.28% | 4.34% | 4.24% | 4.26% |
| █▃▁▂▇██▅ | Return on Assets (%) | 1.07% | 0.99% | 0.94% | 0.97% | 1.07% | 1.09% | 1.09% | 1.02% |
| ▁▃██▂▂▇█ | Efficiency Ratio (%) | 71.8% | 73.0% | 75.6% | 75.2% | 72.6% | 72.5% | 74.7% | 75.2% |
| ▁▃▁▂▁█▆█ | Cost of Funds (%) | 0.79% | 0.84% | 0.80% | 0.81% | 0.80% | 0.94% | 0.90% | 0.93% |
| ▁▁▁▂▂█▆▄ | NPA / Assets (%) | 0.23% | 0.25% | 0.24% | 0.27% | 0.26% | 0.39% | 0.34% | 0.31% |
| ▁▁▁▂▁█▆▄ | Net Charge-Off Ratio (%) | 0.32% | 0.33% | 0.33% | 0.35% | 0.34% | 0.51% | 0.45% | 0.41% |
| ▁▁▁▂▅▇▇█ | Tang. Book Value ($M) | $38 | $37 | $38 | $38 | $40 | $42 | $42 | $43 |
| ▁▃▂▆▇▇▆█ | Gross Loans ($M) | $268 | $276 | $273 | $288 | $292 | $292 | $289 | $298 |
| ▁▁▂▃▆▅▃█ | Total Deposits ($M) | $328 | $326 | $331 | $333 | $342 | $339 | $334 | $349 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |