Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.09 | 1.13% |
| Return on Equity (%) | ▼ | 15.08% | -1.49 | 16.57% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.14 | 3.27% |
| Efficiency Ratio (%) | ▲ | 70.13% | -1.19 | 71.33% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.60 | $3 |
| Cost of Funds (%) | ▲ | 1.21% | -0.26 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $890 | +27.07 | $863 |
| Gross Loans ($M) | ▲ | $246 | +8.20 | $237 |
| Loan Growth YoY (%) | ▲ | 29.46% | +0.37 | 29.09% |
| Total Deposits ($M) | ▲ | $816 | +17.44 | $799 |
| Shareholders Equity ($M) | ▲ | $72 | +10.08 | $61 |
| Tang. Book Value ($M) | ▲ | $65 | +10.28 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +12.47 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 29.46% | +0.37 | 29.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 2.14% | -0.02% | 2.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.62% | +0.69 | 23.93% |
Noninterest income ($2.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▅▅▇▇█ | Net Interest Margin (%) | 3.05% | 3.15% | 3.23% | 3.27% | 3.25% | 3.32% | 3.35% | 3.41% |
| ▁▃▂▄▇█▁█ | Return on Assets (%) | 1.03% | 1.10% | 1.07% | 1.13% | 1.20% | 1.24% | 1.02% | 1.22% |
| ▆▄▆▄▁▁█▂ | Efficiency Ratio (%) | 72.3% | 71.2% | 72.5% | 71.3% | 69.4% | 69.1% | 73.7% | 70.1% |
| █▇▅▅▄▃▁▁ | Cost of Funds (%) | 1.69% | 1.60% | 1.50% | 1.47% | 1.44% | 1.36% | 1.26% | 1.21% |
| ██▁▁▁▂▁▁ | NPA / Assets (%) | 0.08% | 0.08% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.01% |
| ██▁▁▁▂▁▁ | Net Charge-Off Ratio (%) | 0.32% | 0.30% | 0.00% | 0.00% | 0.02% | 0.05% | 0.00% | 0.03% |
| ▃▁▂▄▆█▇█ | Tang. Book Value ($M) | $53 | $48 | $51 | $55 | $60 | $66 | $63 | $65 |
| ▁▁▆▅▄▅▇█ | Gross Loans ($M) | $227 | $227 | $239 | $237 | $236 | $236 | $242 | $246 |
| ▇▃▁▄█▅▂▆ | Total Deposits ($M) | $824 | $792 | $772 | $799 | $838 | $808 | $786 | $816 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 7% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 24% |