Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.27% | -1.49 | 1.22% |
| Return on Equity (%) | ▼ | -3.15% | -17.32 | 14.17% |
| Net Interest Margin (%) | ▼ | 3.67% | -0.10 | 3.77% |
| Efficiency Ratio (%) | ▲ | 62.00% | -4.17 | 66.17% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.18 | $2 |
| Cost of Funds (%) | ▲ | 2.42% | -0.12 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $481 | +37.60 | $443 |
| Gross Loans ($M) | ▲ | $389 | +33.89 | $355 |
| Loan Growth YoY (%) | ▼ | 86.61% | -0.34 | 86.94% |
| Total Deposits ($M) | ▲ | $437 | +34.38 | $403 |
| Shareholders Equity ($M) | ▲ | $42 | +3.18 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.28 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +3.58 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 86.61% | -0.34 | 86.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.81% | +1.81 | 0.00% |
| Allowance / Loans (%) | — | 2.61% | 1.29% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 2.21% | +2.21 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.04% | -0.36 | 10.41% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅██▇▆▅ | Net Interest Margin (%) | 3.47% | 3.52% | 3.66% | 3.77% | 3.80% | 3.73% | 3.69% | 3.67% |
| ██████▁▄ | Return on Assets (%) | 1.09% | 1.12% | 1.19% | 1.22% | 1.24% | 1.12% | -1.27% | -0.27% |
| ▇▇██▆▄▁▃ | Efficiency Ratio (%) | 65.3% | 65.9% | 66.9% | 66.2% | 64.9% | 63.4% | 60.1% | 62.0% |
| ▇█▃▅▂▃▁▃ | Cost of Funds (%) | 2.70% | 2.79% | 2.41% | 2.54% | 2.40% | 2.45% | 2.28% | 2.42% |
| ▂▁▂▁▁▇█▇ | NPA / Assets (%) | 0.34% | 0.25% | 0.48% | 0.00% | 0.26% | 1.78% | 2.26% | 1.81% |
| ▂▁▂▁▂▇█▇ | Net Charge-Off Ratio (%) | 0.42% | 0.09% | 0.40% | 0.00% | 0.32% | 2.21% | 2.58% | 2.21% |
| ▁▁▂▃▆▇██ | Tang. Book Value ($M) | $37 | $36 | $37 | $37 | $39 | $40 | $41 | $41 |
| ▁▁▂▃▅▅██ | Gross Loans ($M) | $343 | $344 | $351 | $355 | $370 | $371 | $385 | $389 |
| ▁▁▃▃▅▅██ | Total Deposits ($M) | $387 | $391 | $404 | $403 | $420 | $418 | $442 | $437 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 17% |
| Agricultural | 11% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 32% |
| Brokered / Other | 48% |