Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.03% | -0.18 | 1.21% |
| Return on Equity (%) | ▼ | 8.70% | -1.49 | 10.19% |
| Net Interest Margin (%) | ▼ | 5.23% | -0.13 | 5.35% |
| Efficiency Ratio (%) | ▼ | 73.57% | +1.96 | 71.61% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.09 | $3 |
| Cost of Funds (%) | ▲ | 1.38% | -0.06 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $684 | +46.53 | $638 |
| Gross Loans ($M) | ▲ | $414 | +16.44 | $397 |
| Loan Growth YoY (%) | ▼ | 68.28% | -2.32 | 70.61% |
| Total Deposits ($M) | ▲ | $598 | +42.88 | $555 |
| Shareholders Equity ($M) | ▲ | $80 | +2.88 | $77 |
| Tang. Book Value ($M) | ▲ | $72 | +2.98 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +4.11 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 68.28% | -2.32 | 70.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.39 | 0.15% |
| Allowance / Loans (%) | — | 1.29% | -0.04% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.57 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▇██▁▃ | Net Interest Margin (%) | 5.38% | 5.40% | 5.28% | 5.35% | 5.40% | 5.39% | 5.15% | 5.23% |
| ██████▁▄ | Return on Assets (%) | 1.18% | 1.19% | 1.18% | 1.21% | 1.21% | 1.20% | 0.86% | 1.03% |
| ▁▁▁▁▂▁█▅ | Efficiency Ratio (%) | 71.2% | 71.3% | 71.5% | 71.6% | 72.1% | 71.7% | 75.5% | 73.6% |
| █▆▂▂▃▃▂▁ | Cost of Funds (%) | 1.64% | 1.57% | 1.43% | 1.44% | 1.47% | 1.46% | 1.43% | 1.38% |
| ▁▁▁▁▃▃▄█ | NPA / Assets (%) | 0.15% | 0.14% | 0.19% | 0.15% | 0.27% | 0.25% | 0.32% | 0.54% |
| ▁▁▂▁▃▂▃█ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.30% | 0.24% | 0.37% | 0.30% | 0.43% | 0.82% |
| ▂▁▃▅█▆▇█ | Tang. Book Value ($M) | $66 | $65 | $67 | $69 | $71 | $70 | $71 | $72 |
| ▂▂▁▁▂▁▅█ | Gross Loans ($M) | $400 | $400 | $398 | $397 | $401 | $397 | $405 | $414 |
| ▁▁▃▂▂▃▇█ | Total Deposits ($M) | $542 | $546 | $558 | $555 | $555 | $562 | $585 | $598 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 14% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 13% |