Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.47% | -0.06 | 1.53% |
| Return on Equity (%) | ▼ | 15.34% | -1.68 | 17.02% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.39 | 3.05% |
| Efficiency Ratio (%) | ▼ | 60.38% | +0.85 | 59.53% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▲ | 0.98% | -0.20 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $303 | +12.58 | $291 |
| Gross Loans ($M) | ▼ | $111 | -2.08 | $113 |
| Loan Growth YoY (%) | ▼ | 39.90% | -2.50 | 42.40% |
| Total Deposits ($M) | ▲ | $272 | +11.01 | $261 |
| Shareholders Equity ($M) | ▲ | $29 | +1.49 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +1.54 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.64 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 39.90% | -2.50 | 42.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.06 | 0.28% |
| Allowance / Loans (%) | — | 1.73% | 0.08% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.74% | +0.01 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.46% | 2.54% | 3.01% | 3.05% | 3.11% | 3.15% | 3.34% | 3.44% |
| ▁▁▇██▇▇▇ | Return on Assets (%) | 0.67% | 0.72% | 1.42% | 1.53% | 1.61% | 1.49% | 1.39% | 1.47% |
| ██▂▁▁▁▂▁ | Efficiency Ratio (%) | 76.0% | 74.9% | 61.1% | 59.5% | 58.4% | 60.4% | 61.7% | 60.4% |
| █▆▄▃▃▃▂▁ | Cost of Funds (%) | 1.61% | 1.43% | 1.28% | 1.19% | 1.20% | 1.17% | 1.09% | 0.98% |
| ▂▃▃▃▁▅█▄ | NPA / Assets (%) | 0.26% | 0.30% | 0.30% | 0.28% | 0.19% | 0.38% | 0.52% | 0.34% |
| ▂▃▃▂▁▆█▂ | Net Charge-Off Ratio (%) | 0.68% | 0.80% | 0.78% | 0.73% | 0.52% | 1.14% | 1.39% | 0.74% |
| ▁▁▃▅████ | Tang. Book Value ($M) | $24 | $24 | $26 | $27 | $28 | $29 | $29 | $29 |
| ▇▂▄█▆▁▇▇ | Gross Loans ($M) | $110 | $105 | $108 | $113 | $110 | $103 | $111 | $111 |
| ▁▄▅▅▆█▆█ | Total Deposits ($M) | $243 | $257 | $260 | $261 | $267 | $275 | $265 | $272 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 20% |
| Agricultural | 6% |
| Consumer | 5% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 9% |