Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.46 | 1.39% |
| Return on Equity (%) | ▲ | 16.98% | +3.32 | 13.66% |
| Net Interest Margin (%) | ▲ | 4.50% | +0.02 | 4.48% |
| Efficiency Ratio (%) | ▼ | 54.02% | +0.86 | 53.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.55 | $3 |
| Cost of Funds (%) | ▲ | 1.78% | -0.21 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $659 | +51.44 | $608 |
| Gross Loans ($M) | ▲ | $488 | +43.71 | $444 |
| Loan Growth YoY (%) | ▲ | 86.10% | +2.88 | 83.22% |
| Total Deposits ($M) | ▲ | $559 | +32.20 | $527 |
| Shareholders Equity ($M) | ▲ | $73 | +12.53 | $61 |
| Tang. Book Value ($M) | ▲ | $72 | +12.53 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +12.49 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 86.10% | +2.88 | 83.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.61% | +2.49 | 1.13% |
| Allowance / Loans (%) | — | 1.35% | 0.05% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 4.76% | +3.24 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁█▆▅▇▄▇ | Net Interest Margin (%) | 4.25% | 4.28% | 4.57% | 4.48% | 4.45% | 4.49% | 4.41% | 4.50% |
| ██▃▁▄▅▆▇ | Return on Assets (%) | 1.95% | 1.92% | 1.56% | 1.39% | 1.62% | 1.71% | 1.78% | 1.85% |
| ▄▃▁▃▂▃█▅ | Efficiency Ratio (%) | 53.6% | 53.0% | 52.0% | 53.2% | 52.8% | 53.2% | 55.3% | 54.0% |
| █▇▃▄▅▃▁▁ | Cost of Funds (%) | 2.31% | 2.20% | 1.93% | 1.99% | 2.04% | 1.87% | 1.71% | 1.78% |
| ▃▂▁▃▃▆▇█ | NPA / Assets (%) | 1.47% | 1.01% | 0.19% | 1.13% | 1.34% | 2.52% | 2.98% | 3.61% |
| ▄▃▁▃▃▆▇█ | Net Charge-Off Ratio (%) | 2.01% | 1.37% | 0.24% | 1.52% | 1.84% | 3.50% | 4.09% | 4.76% |
| ▄▂▁▁▄▆▆█ | Tang. Book Value ($M) | $64 | $62 | $59 | $60 | $64 | $68 | $68 | $72 |
| ▂▁▁▁▃▄▅█ | Gross Loans ($M) | $449 | $443 | $439 | $444 | $456 | $462 | $468 | $488 |
| ▁▃▂▃▇█▆█ | Total Deposits ($M) | $509 | $524 | $519 | $527 | $547 | $556 | $542 | $559 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 17% |
| Agricultural | 18% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |