Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.27 | 1.31% |
| Return on Equity (%) | ▲ | 14.55% | +3.03 | 11.52% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.55 | 3.34% |
| Efficiency Ratio (%) | ▲ | 59.83% | -1.50 | 61.33% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.81% | -0.37 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $423 | +70.64 | $352 |
| Gross Loans ($M) | ▲ | $364 | +48.38 | $316 |
| Loan Growth YoY (%) | ▼ | 96.00% | -7.61 | 103.61% |
| Total Deposits ($M) | ▲ | $374 | +73.77 | $300 |
| Shareholders Equity ($M) | ▲ | $47 | +6.51 | $41 |
| Tang. Book Value ($M) | ▲ | $41 | +1.27 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +1.66 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 96.00% | -7.61 | 103.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.64 | 0.69% |
| Allowance / Loans (%) | — | 1.51% | -0.11% | 1.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.71 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 3.12% | 3.10% | 3.17% | 3.34% | 3.51% | 3.53% | 3.64% | 3.88% |
| ▁▁▂▄▅▅▅█ | Return on Assets (%) | 1.10% | 1.12% | 1.20% | 1.31% | 1.39% | 1.39% | 1.36% | 1.58% |
| ██▆▃▂▃▆▁ | Efficiency Ratio (%) | 64.6% | 64.5% | 63.3% | 61.3% | 60.6% | 61.2% | 62.8% | 59.8% |
| █▆▄▅▄▁▁▁ | Cost of Funds (%) | 2.46% | 2.23% | 2.13% | 2.18% | 2.10% | 1.84% | 1.85% | 1.81% |
| ████▁▁▁▁ | NPA / Assets (%) | 0.71% | 0.69% | 0.68% | 0.69% | 0.02% | 0.08% | 0.09% | 0.05% |
| ████▁▁▁▁ | Net Charge-Off Ratio (%) | 0.80% | 0.77% | 0.76% | 0.77% | 0.02% | 0.09% | 0.10% | 0.06% |
| ▅▆▆▇▇█▁█ | Tang. Book Value ($M) | $39 | $39 | $40 | $40 | $40 | $41 | $36 | $41 |
| ▁▁▂▁▁▂▃█ | Gross Loans ($M) | $309 | $315 | $320 | $316 | $311 | $320 | $327 | $364 |
| ▁▂▂▁▁▂▃█ | Total Deposits ($M) | $291 | $304 | $306 | $300 | $297 | $311 | $319 | $374 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 8% |
| Agricultural | 33% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 13% |