Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.40 | 0.78% |
| Return on Equity (%) | ▲ | 13.94% | +4.08 | 9.86% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.31 | 4.14% |
| Efficiency Ratio (%) | ▲ | 67.83% | -5.62 | 73.46% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.22 | $2 |
| Cost of Funds (%) | ▲ | 1.09% | -0.17 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $515 | +27.45 | $487 |
| Gross Loans ($M) | ▼ | $337 | -16.21 | $354 |
| Loan Growth YoY (%) | ▼ | 72.74% | -8.04 | 80.78% |
| Total Deposits ($M) | ▲ | $458 | +25.40 | $432 |
| Shareholders Equity ($M) | ▲ | $43 | +4.59 | $39 |
| Tang. Book Value ($M) | ▲ | $42 | +4.54 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +5.99 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 72.74% | -8.04 | 80.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.07 | 0.81% |
| Allowance / Loans (%) | — | 1.34% | 0.08% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.64 | 1.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.11% | +1.54 | 10.57% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▇██ | Net Interest Margin (%) | 3.70% | 3.82% | 4.00% | 4.14% | 4.23% | 4.30% | 4.37% | 4.45% |
| ▂▂▁▃▄▅██ | Return on Assets (%) | 0.72% | 0.74% | 0.60% | 0.78% | 0.85% | 0.91% | 1.12% | 1.18% |
| ▅▅█▄▃▃▁▁ | Efficiency Ratio (%) | 75.3% | 74.2% | 80.4% | 73.5% | 72.1% | 71.6% | 68.6% | 67.8% |
| █▆▅▄▅▃▁▁ | Cost of Funds (%) | 1.43% | 1.32% | 1.27% | 1.25% | 1.28% | 1.19% | 1.08% | 1.09% |
| ▁▁▆▆█▇█▅ | NPA / Assets (%) | 0.49% | 0.50% | 0.83% | 0.81% | 0.94% | 0.89% | 0.94% | 0.74% |
| ▃▁▇▆█▇█▁ | Net Charge-Off Ratio (%) | 0.68% | 0.40% | 1.16% | 1.12% | 1.29% | 1.23% | 1.39% | 0.48% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $37 | $36 | $37 | $38 | $40 | $41 | $41 | $42 |
| ▁▂▆█▅▄▃▁ | Gross Loans ($M) | $337 | $341 | $348 | $354 | $347 | $345 | $342 | $337 |
| ▁▁▄▅▃▃▇█ | Total Deposits ($M) | $411 | $406 | $431 | $432 | $420 | $421 | $451 | $458 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 3% |