Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.06 | 1.77% |
| Return on Equity (%) | ▲ | 16.82% | +0.89 | 15.93% |
| Net Interest Margin (%) | ▼ | 4.12% | -0.18 | 4.30% |
| Efficiency Ratio (%) | ▲ | 60.18% | -0.38 | 60.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $2 |
| Cost of Funds (%) | ▲ | 1.59% | -0.03 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $355 | +15.74 | $339 |
| Gross Loans ($M) | ▲ | $296 | +16.04 | $280 |
| Loan Growth YoY (%) | ▲ | 93.95% | +0.74 | 93.21% |
| Total Deposits ($M) | ▲ | $312 | +14.60 | $297 |
| Shareholders Equity ($M) | ▲ | $41 | +1.20 | $40 |
| Tang. Book Value ($M) | ▲ | $41 | +1.20 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +1.16 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 93.95% | +0.74 | 93.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.21 | 0.28% |
| Allowance / Loans (%) | — | 1.27% | -0.03% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.26 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆██▇▁▄ | Net Interest Margin (%) | 3.96% | 3.99% | 4.21% | 4.30% | 4.34% | 4.29% | 3.97% | 4.12% |
| ▂▂▆▇▃▃▁█ | Return on Assets (%) | 1.60% | 1.60% | 1.75% | 1.77% | 1.65% | 1.64% | 1.55% | 1.83% |
| ▄▆▂▁▇██▁ | Efficiency Ratio (%) | 61.6% | 62.6% | 60.8% | 60.6% | 63.1% | 63.5% | 63.9% | 60.2% |
| █▇▄▅▄▁▂▄ | Cost of Funds (%) | 1.70% | 1.65% | 1.60% | 1.62% | 1.59% | 1.51% | 1.54% | 1.59% |
| ▂▁▂█▄▃▅▂ | NPA / Assets (%) | 0.04% | 0.00% | 0.07% | 0.28% | 0.11% | 0.08% | 0.16% | 0.06% |
| ▂▁▂█▄▃▅▂ | Net Charge-Off Ratio (%) | 0.05% | 0.00% | 0.08% | 0.33% | 0.13% | 0.11% | 0.19% | 0.07% |
| ▅▁▃▆█▃▅█ | Tang. Book Value ($M) | $39 | $37 | $38 | $40 | $41 | $38 | $39 | $41 |
| ▁▅▆▃▅███ | Gross Loans ($M) | $269 | $287 | $288 | $280 | $286 | $299 | $297 | $296 |
| ▂▅▂▁▁█▅▄ | Total Deposits ($M) | $305 | $317 | $306 | $297 | $297 | $335 | $319 | $312 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 4% |
| Agricultural | 33% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |