Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.12% | +0.15 | 1.97% |
| Return on Equity (%) | ▲ | 22.91% | +1.48 | 21.43% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.14 | 4.59% |
| Efficiency Ratio (%) | ▲ | 55.35% | -2.70 | 58.06% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.78 | $3 |
| Cost of Funds (%) | ▲ | 1.84% | -0.10 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $733 | +79.88 | $653 |
| Gross Loans ($M) | ▲ | $625 | +81.34 | $544 |
| Loan Growth YoY (%) | ▲ | 102.45% | +3.73 | 98.72% |
| Total Deposits ($M) | ▲ | $604 | +58.73 | $546 |
| Shareholders Equity ($M) | ▲ | $69 | +7.12 | $62 |
| Tang. Book Value ($M) | ▲ | $67 | +7.09 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +6.72 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 102.45% | +3.73 | 98.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.34 | 0.59% |
| Allowance / Loans (%) | — | 1.00% | -0.00% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.41 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆█▇██ | Net Interest Margin (%) | 4.31% | 4.34% | 4.48% | 4.59% | 4.68% | 4.68% | 4.70% | 4.73% |
| ▁▁▅▇▇▆▇█ | Return on Assets (%) | 1.50% | 1.57% | 1.87% | 1.97% | 2.04% | 1.90% | 1.97% | 2.12% |
| █▇▄▃▂▃▂▁ | Efficiency Ratio (%) | 64.5% | 62.6% | 59.7% | 58.1% | 57.4% | 57.7% | 56.6% | 55.4% |
| █▇▆▆▆▂▁▃ | Cost of Funds (%) | 2.03% | 1.96% | 1.92% | 1.94% | 1.95% | 1.80% | 1.73% | 1.84% |
| ▁▄█▄▄▃▃▂ | NPA / Assets (%) | 0.02% | 0.65% | 1.32% | 0.59% | 0.53% | 0.49% | 0.46% | 0.25% |
| ▁▄█▄▄▃▃▂ | Net Charge-Off Ratio (%) | 0.02% | 0.79% | 1.62% | 0.70% | 0.64% | 0.60% | 0.54% | 0.29% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $57 | $57 | $59 | $60 | $62 | $64 | $65 | $67 |
| ▁▂▂▃▄▆██ | Gross Loans ($M) | $512 | $535 | $535 | $544 | $558 | $585 | $616 | $625 |
| ▁▂▃▃▃███ | Total Deposits ($M) | $521 | $541 | $550 | $546 | $548 | $601 | $599 | $604 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 18% |
| Agricultural | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |