Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.40% | +0.48 | 1.92% |
| Return on Equity (%) | ▲ | 26.13% | +2.07 | 24.06% |
| Net Interest Margin (%) | ▲ | 4.93% | +0.52 | 4.40% |
| Efficiency Ratio (%) | ▲ | 53.50% | -5.48 | 58.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.24% | -0.09 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $357 | +22.52 | $335 |
| Gross Loans ($M) | ▲ | $283 | +16.93 | $266 |
| Loan Growth YoY (%) | ▼ | 88.77% | -0.22 | 88.99% |
| Total Deposits ($M) | ▲ | $315 | +19.67 | $296 |
| Shareholders Equity ($M) | ▲ | $34 | +5.73 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +5.74 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +5.74 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 88.77% | -0.22 | 88.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.07 | 0.24% |
| Allowance / Loans (%) | — | 1.17% | -0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.09 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.01% | +0.59 | 11.42% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 3.97% | 4.04% | 4.17% | 4.40% | 4.49% | 4.56% | 4.85% | 4.93% |
| ▁▁▂▃▄▃▆█ | Return on Assets (%) | 1.67% | 1.70% | 1.83% | 1.92% | 2.03% | 1.88% | 2.14% | 2.40% |
| ██▇▆▄▄▂▁ | Efficiency Ratio (%) | 62.1% | 62.2% | 60.4% | 59.0% | 57.7% | 57.6% | 55.0% | 53.5% |
| ██▄▃▅▄▁▁ | Cost of Funds (%) | 1.55% | 1.57% | 1.39% | 1.33% | 1.42% | 1.37% | 1.23% | 1.24% |
| ▁▁▁▆▆▆▄█ | NPA / Assets (%) | 0.11% | 0.10% | 0.12% | 0.24% | 0.26% | 0.25% | 0.20% | 0.31% |
| ▁▁▂▆▆▆▄█ | Net Charge-Off Ratio (%) | 0.13% | 0.11% | 0.16% | 0.31% | 0.32% | 0.31% | 0.25% | 0.39% |
| ▁▁▁▃▅▇▇█ | Tang. Book Value ($M) | $26 | $25 | $26 | $28 | $30 | $32 | $31 | $33 |
| ▁▁▂▄▅▇██ | Gross Loans ($M) | $255 | $257 | $262 | $266 | $271 | $278 | $282 | $283 |
| ▁▁▆▁▁▅██ | Total Deposits ($M) | $296 | $297 | $309 | $296 | $295 | $306 | $313 | $315 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 25% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |