Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.19 | 1.75% |
| Return on Equity (%) | ▲ | 19.69% | +1.42 | 18.27% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.22 | 3.95% |
| Efficiency Ratio (%) | ▲ | 61.31% | -1.91 | 63.22% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.89 | $3 |
| Cost of Funds (%) | ▲ | 1.85% | -0.18 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $640 | +45.42 | $595 |
| Gross Loans ($M) | ▲ | $547 | +35.79 | $511 |
| Loan Growth YoY (%) | ▼ | 97.00% | -2.65 | 99.65% |
| Total Deposits ($M) | ▲ | $558 | +50.55 | $507 |
| Shareholders Equity ($M) | ▲ | $64 | +5.80 | $59 |
| Tang. Book Value ($M) | ▲ | $61 | +5.88 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +6.21 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 97.00% | -2.65 | 99.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.41% | -0.09 | 1.50% |
| Allowance / Loans (%) | — | 1.14% | -0.04% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.73% | -1.01 | 1.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▆█ | Net Interest Margin (%) | 3.66% | 3.68% | 3.82% | 3.95% | 3.96% | 4.00% | 3.99% | 4.17% |
| ▃▁▇▆▆▄▇█ | Return on Assets (%) | 1.51% | 1.33% | 1.85% | 1.75% | 1.79% | 1.59% | 1.85% | 1.94% |
| ██▅▃▄█▅▁ | Efficiency Ratio (%) | 66.1% | 66.4% | 64.0% | 63.2% | 63.6% | 66.2% | 64.2% | 61.3% |
| ██▅▄▃▃▁▁ | Cost of Funds (%) | 2.25% | 2.28% | 2.08% | 2.04% | 1.98% | 2.00% | 1.83% | 1.85% |
| ▁▁▁▇▆▆█▇ | NPA / Assets (%) | 0.49% | 0.43% | 0.36% | 1.50% | 1.35% | 1.33% | 1.71% | 1.41% |
| ▁▁▁▇▇▆█▂ | Net Charge-Off Ratio (%) | 0.60% | 0.50% | 0.44% | 1.74% | 1.66% | 1.48% | 2.03% | 0.73% |
| ▁▁▂▃▅▆▆█ | Tang. Book Value ($M) | $53 | $52 | $54 | $56 | $58 | $59 | $59 | $61 |
| ▁▃▃▅▄▅▅█ | Gross Loans ($M) | $473 | $497 | $495 | $511 | $506 | $511 | $515 | $547 |
| ▁▂▃▂▅▇██ | Total Deposits ($M) | $496 | $507 | $518 | $507 | $534 | $543 | $557 | $558 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |