Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.32 | 0.77% |
| Return on Equity (%) | ▲ | 11.54% | +3.42 | 8.12% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.26 | 3.61% |
| Efficiency Ratio (%) | ▲ | 64.30% | -8.72 | 73.02% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.48 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.18 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $301 | +28.82 | $272 |
| Gross Loans ($M) | ▲ | $258 | +37.96 | $220 |
| Loan Growth YoY (%) | ▲ | 98.37% | +5.22 | 93.14% |
| Total Deposits ($M) | ▲ | $261 | +25.79 | $235 |
| Shareholders Equity ($M) | ▲ | $29 | +2.99 | $26 |
| Tang. Book Value ($M) | ▲ | $23 | +2.92 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.02 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 98.37% | +5.22 | 93.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.24 | 0.02% |
| Allowance / Loans (%) | — | 0.66% | 0.04% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.28 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.33% | -0.38 | 10.71% |
Noninterest income ($0.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆▇█ | Net Interest Margin (%) | 3.29% | 3.38% | 3.57% | 3.61% | 3.67% | 3.71% | 3.77% | 3.87% |
| ▁▁▂▃▄▅▇█ | Return on Assets (%) | 0.63% | 0.67% | 0.72% | 0.77% | 0.84% | 0.89% | 1.03% | 1.09% |
| ██▇▆▅▄▁▁ | Efficiency Ratio (%) | 76.2% | 75.0% | 74.4% | 73.0% | 70.8% | 69.3% | 65.6% | 64.3% |
| █▆▅▄▄▄▃▁ | Cost of Funds (%) | 2.25% | 2.14% | 2.06% | 2.03% | 2.03% | 2.00% | 1.98% | 1.84% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.02% | 0.28% | 0.28% | 0.29% | 0.26% |
| ▁▁▁▁███▇ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.02% | 0.36% | 0.35% | 0.34% | 0.30% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $18 | $19 | $19 | $20 | $21 | $21 | $22 | $23 |
| ▁▁▁▃▃▅▆█ | Gross Loans ($M) | $205 | $207 | $209 | $220 | $223 | $234 | $244 | $258 |
| ▁▁▂▄▆█▇█ | Total Deposits ($M) | $219 | $218 | $225 | $235 | $247 | $256 | $254 | $261 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |