Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.21% | +1.64 | 0.57% |
| Return on Equity (%) | ▲ | 41.81% | +25.68 | 16.13% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.11 | 2.62% |
| Efficiency Ratio (%) | ▲ | 51.20% | -27.37 | 78.57% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.75 | $1 |
| Cost of Funds (%) | ▼ | 2.46% | +0.10 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $433 | -30.04 | $463 |
| Gross Loans ($M) | ▲ | $234 | +14.51 | $220 |
| Loan Growth YoY (%) | ▲ | 59.83% | +9.33 | 50.50% |
| Total Deposits ($M) | ▼ | $387 | -43.63 | $431 |
| Shareholders Equity ($M) | ▲ | $26 | +9.23 | $17 |
| Tang. Book Value ($M) | ▲ | $26 | +9.73 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +7.49 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 59.83% | +9.33 | 50.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.29% | +0.41 | 0.89% |
| Allowance / Loans (%) | — | 1.16% | 0.11% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.41% | +1.03 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.81% | +2.24 | 10.57% |
Noninterest income ($1.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▁▄▃█▇ | Net Interest Margin (%) | 2.65% | 2.65% | 2.60% | 2.62% | 2.66% | 2.66% | 2.76% | 2.73% |
| ▁▁▁▁▁▁█▄ | Return on Assets (%) | 0.53% | 0.38% | 0.51% | 0.57% | 0.69% | 0.74% | 4.12% | 2.21% |
| ▇██▇▇▇▁▃ | Efficiency Ratio (%) | 78.6% | 81.9% | 85.0% | 78.6% | 76.2% | 75.0% | 33.9% | 51.2% |
| ▇▅▆▆█▆▁▇ | Cost of Funds (%) | 2.45% | 2.32% | 2.36% | 2.36% | 2.52% | 2.38% | 2.08% | 2.46% |
| █▁▁▂▄▇▁█ | NPA / Assets (%) | 1.33% | 0.81% | 0.77% | 0.89% | 1.02% | 1.19% | 0.82% | 1.29% |
| █▁▁▂▃█▃█ | Net Charge-Off Ratio (%) | 1.43% | 0.36% | 0.21% | 0.38% | 0.62% | 1.32% | 0.59% | 1.41% |
| ▁▃▃▃▄▅██ | Tang. Book Value ($M) | $11 | $15 | $15 | $16 | $18 | $19 | $25 | $26 |
| ▁▃▂▄▂▃█▇ | Gross Loans ($M) | $201 | $213 | $209 | $220 | $207 | $216 | $242 | $234 |
| ▇███▄▃▄▁ | Total Deposits ($M) | $422 | $434 | $430 | $431 | $410 | $404 | $407 | $387 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 20% |
| Agricultural | 19% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 40% |