Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.23 | 1.03% |
| Return on Equity (%) | ▲ | 16.32% | +2.49 | 13.83% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.18 | 3.85% |
| Efficiency Ratio (%) | ▲ | 70.22% | -4.12 | 74.34% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.47 | $1 |
| Cost of Funds (%) | ▲ | 2.06% | -0.18 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $506 | +30.86 | $475 |
| Gross Loans ($M) | ▲ | $409 | +30.54 | $379 |
| Loan Growth YoY (%) | ▲ | 90.90% | +4.87 | 86.03% |
| Total Deposits ($M) | ▲ | $446 | +9.86 | $436 |
| Shareholders Equity ($M) | ▲ | $39 | +3.98 | $35 |
| Tang. Book Value ($M) | ▲ | $36 | +3.98 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.15 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 90.90% | +4.87 | 86.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.86% | -0.88 | 1.75% |
| Allowance / Loans (%) | — | 0.82% | 0.02% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 1.07% | -1.13 | 2.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.61% | -1.14 | 10.75% |
Noninterest income ($1.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▆▆▆█ | Net Interest Margin (%) | 3.48% | 3.54% | 3.73% | 3.85% | 3.84% | 3.85% | 3.87% | 4.02% |
| ▂▁▅▅▅▃██ | Return on Assets (%) | 0.85% | 0.78% | 1.05% | 1.03% | 1.02% | 0.93% | 1.22% | 1.25% |
| ██▅▄▅▆▃▁ | Efficiency Ratio (%) | 78.9% | 79.4% | 75.7% | 74.3% | 75.3% | 76.7% | 72.5% | 70.2% |
| █▇▅▄▄▃▂▁ | Cost of Funds (%) | 2.53% | 2.47% | 2.31% | 2.24% | 2.24% | 2.20% | 2.15% | 2.06% |
| ▁▁▄█▁▃▂▂ | NPA / Assets (%) | 0.58% | 0.66% | 1.05% | 1.75% | 0.68% | 0.97% | 0.80% | 0.86% |
| ▁▁▄█▁▃▂▂ | Net Charge-Off Ratio (%) | 0.71% | 0.81% | 1.31% | 2.20% | 0.86% | 1.22% | 1.00% | 1.07% |
| ▃▁▃▂▅▅▇█ | Tang. Book Value ($M) | $33 | $31 | $32 | $32 | $34 | $34 | $35 | $36 |
| ▁▂▁▂▄▅▅█ | Gross Loans ($M) | $373 | $377 | $369 | $379 | $386 | $391 | $392 | $409 |
| ▁▄▄▆▅▇██ | Total Deposits ($M) | $406 | $424 | $424 | $436 | $430 | $438 | $447 | $446 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 5% |
| Agricultural | 9% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |