Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.42 | 1.34% |
| Return on Equity (%) | ▲ | 12.85% | +1.11 | 11.74% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.33 | 2.83% |
| Efficiency Ratio (%) | ▲ | 53.41% | -5.96 | 59.37% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.63 | $2 |
| Cost of Funds (%) | ▲ | 1.17% | -0.18 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $543 | +7.62 | $535 |
| Gross Loans ($M) | ▲ | $212 | +16.48 | $195 |
| Loan Growth YoY (%) | ▲ | 44.73% | +3.70 | 41.04% |
| Total Deposits ($M) | ▼ | $466 | -2.43 | $468 |
| Shareholders Equity ($M) | ▲ | $75 | +10.19 | $65 |
| Tang. Book Value ($M) | ▲ | $73 | +10.19 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +9.31 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 44.73% | +3.70 | 41.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Allowance / Loans (%) | — | 1.53% | 0.00% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.12 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 28.50% | +0.29 | 28.21% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▇█ | Net Interest Margin (%) | 2.51% | 2.61% | 2.71% | 2.83% | 2.91% | 2.95% | 3.06% | 3.16% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 1.17% | 1.23% | 1.26% | 1.34% | 1.45% | 1.49% | 1.58% | 1.76% |
| ██▆▅▄▃▃▁ | Efficiency Ratio (%) | 63.5% | 62.8% | 60.3% | 59.4% | 57.2% | 57.1% | 56.5% | 53.4% |
| █▇▄▆▄▃▁▁ | Cost of Funds (%) | 1.44% | 1.38% | 1.30% | 1.35% | 1.29% | 1.24% | 1.18% | 1.17% |
| █▂▂▂▁▁▁▁ | NPA / Assets (%) | 0.29% | 0.05% | 0.07% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▂▃▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.81% | 0.13% | 0.21% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▃▁▃▄▇███ | Tang. Book Value ($M) | $61 | $55 | $60 | $63 | $69 | $71 | $72 | $73 |
| ▂▂▁▃▄███ | Gross Loans ($M) | $193 | $192 | $188 | $195 | $199 | $212 | $210 | $212 |
| ▄▆█▃▁▁▂▃ | Total Deposits ($M) | $470 | $477 | $487 | $468 | $458 | $461 | $464 | $466 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 16% |
| Agricultural | 5% |
| Consumer | 9% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |