Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.04 | 1.77% |
| Return on Equity (%) | ▼ | 21.90% | -1.47 | 23.37% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.05 | 3.71% |
| Efficiency Ratio (%) | ▲ | 58.22% | -4.30 | 62.52% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 2.02% | -0.21 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $277 | +22.28 | $255 |
| Gross Loans ($M) | ▲ | $222 | +33.54 | $189 |
| Loan Growth YoY (%) | ▲ | 88.67% | +6.94 | 81.73% |
| Total Deposits ($M) | ▲ | $248 | +19.55 | $228 |
| Shareholders Equity ($M) | ▲ | $23 | +3.37 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +3.37 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +3.27 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 88.67% | +6.94 | 81.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.01% | -0.34 | 1.35% |
| Allowance / Loans (%) | — | 1.16% | -0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 1.26% | -0.57 | 1.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.82 | 10.82% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▇▇██ | Net Interest Margin (%) | 3.09% | 3.10% | 3.14% | 3.71% | 3.63% | 3.66% | 3.71% | 3.76% |
| ▁▁▄▇▆▅█▇ | Return on Assets (%) | 0.91% | 0.83% | 1.35% | 1.77% | 1.60% | 1.55% | 2.00% | 1.81% |
| ██▆▃▄▄▁▁ | Efficiency Ratio (%) | 72.8% | 73.8% | 68.5% | 62.5% | 64.6% | 64.4% | 57.3% | 58.2% |
| █▇▆▄▄▂▁▁ | Cost of Funds (%) | 2.49% | 2.40% | 2.35% | 2.23% | 2.24% | 2.10% | 2.00% | 2.02% |
| ███▃▃▂▁▁ | NPA / Assets (%) | 2.20% | 2.14% | 2.09% | 1.35% | 1.33% | 1.24% | 1.03% | 1.01% |
| ███▃▃▂▁▁ | Net Charge-Off Ratio (%) | 2.96% | 2.90% | 2.75% | 1.83% | 1.81% | 1.56% | 1.29% | 1.26% |
| ▁▁▁▃▄▅▇█ | Tang. Book Value ($M) | $19 | $18 | $19 | $20 | $21 | $21 | $22 | $23 |
| ▁▂▃▂▃▅██ | Gross Loans ($M) | $179 | $186 | $190 | $189 | $191 | $204 | $219 | $222 |
| ▁▄▃▄▅▃██ | Total Deposits ($M) | $210 | $227 | $224 | $228 | $232 | $223 | $246 | $248 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 11% |
| Agricultural | 20% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 17% |