Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.33% | +0.09 | 0.24% |
| Return on Equity (%) | ▲ | 2.94% | +0.46 | 2.48% |
| Net Interest Margin (%) | ▼ | 3.94% | -0.03 | 3.96% |
| Efficiency Ratio (%) | ▲ | 85.23% | -6.47 | 91.69% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $0 |
| Cost of Funds (%) | ▲ | 1.74% | -0.61 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $413 | -76.74 | $490 |
| Gross Loans ($M) | ▼ | $281 | -59.85 | $340 |
| Loan Growth YoY (%) | ▼ | 75.65% | -0.26 | 75.91% |
| Total Deposits ($M) | ▼ | $365 | -75.13 | $440 |
| Shareholders Equity ($M) | ▼ | $47 | -0.79 | $48 |
| Tang. Book Value ($M) | ▼ | $47 | -0.79 | $48 |
| TBV excl. AOCI ($M)** | ▼ | $49 | -1.00 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 75.65% | -0.26 | 75.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.88% | -0.67 | 5.55% |
| Allowance / Loans (%) | — | 1.73% | -0.24% | 1.97% |
| Net Charge-Off Ratio (%) | ▲ | 6.25% | -0.29 | 6.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▇█▆▃▃▁▅ | Net Interest Margin (%) | 3.94% | 4.00% | 4.03% | 3.96% | 3.87% | 3.88% | 3.79% | 3.94% |
| █▁▅▄▄▁█▅ | Return on Assets (%) | 0.48% | 0.05% | 0.29% | 0.24% | 0.26% | 0.11% | 0.50% | 0.33% |
| ▁▄██▇▆▅▅ | Efficiency Ratio (%) | 75.3% | 81.8% | 89.7% | 91.7% | 88.7% | 87.2% | 85.4% | 85.2% |
| ██▅▅▅▄▂▁ | Cost of Funds (%) | 2.76% | 2.81% | 2.40% | 2.35% | 2.31% | 2.15% | 1.89% | 1.74% |
| ▁███▇▂▃▄ | NPA / Assets (%) | 4.18% | 5.72% | 5.54% | 5.55% | 5.35% | 4.46% | 4.60% | 4.88% |
| ▂▅▄▇█▁▁▆ | Net Charge-Off Ratio (%) | 5.60% | 6.08% | 5.94% | 6.54% | 6.86% | 5.39% | 5.21% | 6.25% |
| █▃▅▂▄▃▃▁ | Tang. Book Value ($M) | $51 | $49 | $49 | $48 | $49 | $48 | $49 | $47 |
| █▇▇▄▃▂▁▁ | Gross Loans ($M) | $410 | $393 | $382 | $340 | $322 | $300 | $293 | $281 |
| █▆▆▅▅▂▂▁ | Total Deposits ($M) | $496 | $458 | $450 | $440 | $432 | $396 | $384 | $365 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 11% |