Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.25 | 1.41% |
| Return on Equity (%) | ▲ | 14.15% | +1.78 | 12.37% |
| Net Interest Margin (%) | ▲ | 4.58% | +0.11 | 4.47% |
| Efficiency Ratio (%) | ▲ | 64.45% | -2.37 | 66.81% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.76 | $3 |
| Cost of Funds (%) | ▲ | 1.80% | -0.08 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $854 | -0.85 | $855 |
| Gross Loans ($M) | ▲ | $713 | +1.27 | $712 |
| Loan Growth YoY (%) | ▼ | 103.62% | -4.39 | 108.02% |
| Total Deposits ($M) | ▲ | $680 | +28.03 | $652 |
| Shareholders Equity ($M) | ▲ | $104 | +5.55 | $98 |
| Tang. Book Value ($M) | ▲ | $103 | +5.55 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +5.33 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 103.62% | -4.39 | 108.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.42 | 0.28% |
| Allowance / Loans (%) | — | 1.21% | 0.12% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.61 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇▇▆█ | Net Interest Margin (%) | 4.20% | 4.25% | 4.45% | 4.47% | 4.52% | 4.53% | 4.46% | 4.58% |
| ▁▂▃▁▅▆▄█ | Return on Assets (%) | 1.38% | 1.42% | 1.48% | 1.41% | 1.53% | 1.58% | 1.50% | 1.67% |
| █▇▆▇▄▁▄▁ | Efficiency Ratio (%) | 67.2% | 66.7% | 66.4% | 66.8% | 65.6% | 64.2% | 65.5% | 64.4% |
| ▇█▂▂▅▅▂▁ | Cost of Funds (%) | 2.10% | 2.17% | 1.88% | 1.88% | 2.02% | 1.99% | 1.88% | 1.80% |
| ▁▂▁▂▂▂▄█ | NPA / Assets (%) | 0.21% | 0.29% | 0.27% | 0.28% | 0.29% | 0.29% | 0.44% | 0.71% |
| ▁▁▂▂▂▂▄█ | Net Charge-Off Ratio (%) | 0.12% | 0.21% | 0.21% | 0.24% | 0.25% | 0.26% | 0.46% | 0.85% |
| ▁▁▁▃▆█▇█ | Tang. Book Value ($M) | $95 | $95 | $96 | $98 | $101 | $103 | $102 | $103 |
| ▂▁▁▄▆█▃▄ | Gross Loans ($M) | $704 | $694 | $699 | $712 | $722 | $736 | $708 | $713 |
| ▁▃▆▃▃▅█▇ | Total Deposits ($M) | $627 | $645 | $672 | $652 | $652 | $670 | $696 | $680 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 8% |
| Agricultural | 9% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |