Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.28 | 0.90% |
| Return on Equity (%) | ▲ | 14.17% | +2.33 | 11.84% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.25 | 2.69% |
| Efficiency Ratio (%) | ▲ | 62.58% | -2.96 | 65.53% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $2 |
| Cost of Funds (%) | ▲ | 2.16% | -0.03 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $530 | +43.74 | $486 |
| Gross Loans ($M) | ▲ | $341 | +31.47 | $310 |
| Loan Growth YoY (%) | ▼ | 72.88% | -0.21 | 73.09% |
| Total Deposits ($M) | ▲ | $464 | +43.64 | $421 |
| Shareholders Equity ($M) | ▲ | $43 | +5.57 | $38 |
| Tang. Book Value ($M) | ▲ | $30 | +5.64 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +6.41 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 72.88% | -0.21 | 73.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.00 | 0.10% |
| Allowance / Loans (%) | — | 0.91% | 0.09% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.04 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.79% | -0.25 | 11.04% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.27% | 2.30% | 2.60% | 2.69% | 2.71% | 2.75% | 2.94% | 2.93% |
| ▁▁▃▄▄▄█▆ | Return on Assets (%) | 0.41% | 0.41% | 0.74% | 0.90% | 0.93% | 0.94% | 1.51% | 1.17% |
| ██▄▂▂▂▁▂ | Efficiency Ratio (%) | 90.7% | 88.3% | 72.1% | 65.5% | 65.3% | 66.4% | 58.4% | 62.6% |
| █▇▃▂▃▃▁▂ | Cost of Funds (%) | 2.61% | 2.52% | 2.26% | 2.18% | 2.26% | 2.27% | 2.08% | 2.16% |
| ▁▁▃▃█▄▄▂ | NPA / Assets (%) | 0.06% | 0.06% | 0.10% | 0.10% | 0.21% | 0.13% | 0.12% | 0.10% |
| ▁▁▃▃█▆▆▄ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.11% | 0.11% | 0.27% | 0.20% | 0.19% | 0.15% |
| ▃▁▂▃▇▇██ | Tang. Book Value ($M) | $23 | $21 | $23 | $24 | $29 | $29 | $29 | $30 |
| ▁▂▃▂▅▅▇█ | Gross Loans ($M) | $300 | $306 | $311 | $310 | $322 | $325 | $334 | $341 |
| ▁▃▃▂▁▃▇█ | Total Deposits ($M) | $412 | $428 | $431 | $421 | $415 | $431 | $454 | $464 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 2% |
| Agricultural | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |