Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.25 | 1.39% |
| Return on Equity (%) | ▲ | 15.25% | +1.37 | 13.88% |
| Net Interest Margin (%) | ▲ | 4.51% | +0.37 | 4.14% |
| Efficiency Ratio (%) | ▲ | 57.92% | -2.95 | 60.87% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.88 | $3 |
| Cost of Funds (%) | ▲ | 1.06% | -0.06 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $762 | +44.70 | $717 |
| Gross Loans ($M) | ▼ | $479 | -15.75 | $495 |
| Loan Growth YoY (%) | ▼ | 70.66% | -6.35 | 77.01% |
| Total Deposits ($M) | ▲ | $669 | +34.66 | $635 |
| Shareholders Equity ($M) | ▲ | $84 | +9.76 | $75 |
| Tang. Book Value ($M) | ▲ | $84 | +9.76 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +13.25 | $82 |
| Loan / Deposit Ratio (%) | ▼ | 70.66% | -6.35 | 77.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.28 | 0.23% |
| Allowance / Loans (%) | — | 1.32% | 0.06% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.48 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 3.68% | 3.75% | 4.03% | 4.14% | 4.21% | 4.30% | 4.38% | 4.51% |
| ▁▁▃▄▅▆▇█ | Return on Assets (%) | 1.23% | 1.24% | 1.37% | 1.39% | 1.45% | 1.52% | 1.57% | 1.65% |
| ██▅▅▃▂▂▁ | Efficiency Ratio (%) | 63.0% | 63.3% | 60.9% | 60.9% | 59.9% | 58.9% | 58.7% | 57.9% |
| █▅▄▃▂▁▁▁ | Cost of Funds (%) | 1.36% | 1.23% | 1.16% | 1.12% | 1.10% | 1.03% | 1.06% | 1.06% |
| ▄▁▁▃███▇ | NPA / Assets (%) | 0.29% | 0.06% | 0.05% | 0.23% | 0.65% | 0.58% | 0.58% | 0.51% |
| ▃▁▁▃███▇ | Net Charge-Off Ratio (%) | 0.37% | 0.03% | 0.07% | 0.32% | 0.95% | 0.89% | 0.94% | 0.80% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $69 | $69 | $73 | $75 | $79 | $81 | $83 | $84 |
| ▂▂▅▇█▅▁▁ | Gross Loans ($M) | $482 | $482 | $489 | $495 | $498 | $490 | $479 | $479 |
| ▁▃▅▃▅▇█▇ | Total Deposits ($M) | $609 | $630 | $649 | $635 | $652 | $674 | $688 | $669 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 14% |