Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.41 | 0.98% |
| Return on Equity (%) | ▲ | 11.42% | +3.21 | 8.21% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.23 | 3.00% |
| Efficiency Ratio (%) | ▲ | 60.12% | -10.77 | 70.89% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.82 | $2 |
| Cost of Funds (%) | ▲ | 1.89% | -0.16 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $674 | +65.71 | $609 |
| Gross Loans ($M) | ▲ | $500 | +21.87 | $478 |
| Loan Growth YoY (%) | ▼ | 86.49% | -5.88 | 92.37% |
| Total Deposits ($M) | ▲ | $572 | +60.16 | $512 |
| Shareholders Equity ($M) | ▲ | $79 | +6.90 | $72 |
| Tang. Book Value ($M) | ▲ | $78 | +6.92 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +7.25 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 86.49% | -5.88 | 92.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.10 | 0.20% |
| Allowance / Loans (%) | — | 1.06% | -0.07% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.13 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▆▆██ | Net Interest Margin (%) | 2.58% | 2.63% | 2.90% | 3.00% | 3.02% | 3.05% | 3.19% | 3.23% |
| ▁▃▁▂▄███ | Return on Assets (%) | 0.83% | 1.04% | 0.88% | 0.98% | 1.09% | 1.39% | 1.44% | 1.38% |
| █▅█▇▅▂▁▁ | Efficiency Ratio (%) | 72.5% | 68.1% | 73.7% | 70.9% | 67.9% | 62.0% | 59.4% | 60.1% |
| █▇▄▄▄▆▁▁ | Cost of Funds (%) | 2.27% | 2.21% | 2.02% | 2.05% | 2.05% | 2.17% | 1.87% | 1.89% |
| ▁▁█▇▄▄▂▃ | NPA / Assets (%) | 0.02% | 0.04% | 0.24% | 0.20% | 0.10% | 0.13% | 0.06% | 0.09% |
| ▁▁█▇▄▅▂▄ | Net Charge-Off Ratio (%) | 0.02% | 0.05% | 0.29% | 0.25% | 0.14% | 0.16% | 0.07% | 0.12% |
| ▁▂▁▂▅█▆█ | Tang. Book Value ($M) | $69 | $71 | $69 | $71 | $74 | $78 | $76 | $78 |
| ▁▅▄▃▄▇▆█ | Gross Loans ($M) | $469 | $488 | $484 | $478 | $481 | $493 | $490 | $500 |
| ▁▁▁▂▆▄▄█ | Total Deposits ($M) | $500 | $492 | $499 | $512 | $545 | $524 | $529 | $572 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 9% |
| Agricultural | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 14% |