Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.28 | 1.30% |
| Return on Equity (%) | ▲ | 13.44% | +1.64 | 11.80% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.36 | 3.38% |
| Efficiency Ratio (%) | ▲ | 55.86% | -3.02 | 58.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.39 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.17 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $389 | +19.61 | $369 |
| Gross Loans ($M) | ▲ | $250 | +18.83 | $231 |
| Loan Growth YoY (%) | ▲ | 72.68% | +2.53 | 70.15% |
| Total Deposits ($M) | ▲ | $340 | +14.48 | $325 |
| Shareholders Equity ($M) | ▲ | $46 | +3.86 | $43 |
| Tang. Book Value ($M) | ▲ | $44 | +3.86 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +4.20 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 72.68% | +2.53 | 70.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.07 | 0.02% |
| Allowance / Loans (%) | — | 1.36% | -0.08% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.10 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 3.08% | 3.14% | 3.26% | 3.38% | 3.44% | 3.51% | 3.63% | 3.74% |
| ▁▁▃▄▅▄▇█ | Return on Assets (%) | 1.07% | 1.10% | 1.25% | 1.30% | 1.34% | 1.28% | 1.49% | 1.58% |
| ██▅▄▃▅▂▁ | Efficiency Ratio (%) | 63.4% | 63.4% | 60.2% | 58.9% | 58.4% | 60.5% | 57.4% | 55.9% |
| █▇█▅▄▂▃▁ | Cost of Funds (%) | 1.69% | 1.65% | 1.66% | 1.57% | 1.54% | 1.47% | 1.50% | 1.40% |
| ▁▂▂▂▂▁▁█ | NPA / Assets (%) | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.09% |
| ▁▂▂▂▂▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.03% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.14% |
| ▄▁▃▄▆▇██ | Tang. Book Value ($M) | $40 | $37 | $39 | $40 | $42 | $43 | $44 | $44 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $219 | $224 | $223 | $231 | $237 | $240 | $245 | $250 |
| ▁▅▄▁▇██▆ | Total Deposits ($M) | $324 | $336 | $333 | $325 | $341 | $345 | $345 | $340 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 5% |